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China's Import Demand for Agricultural Products : The Impact of the Phase One Trade Agreement

Feenstra, Robert C.; Hong, Chang - 2022

In December 2019, the United States and China reached a Phase One trade agreement, under which China committed to …, as compared to 2017. We show that the most efficient way for China to increase its imports from the United States is to … mimic the effect of an import subsidy. If China’s agricultural imports did not otherwise grow from their 2017 values, then …

Persistent link: https://www.econbiz.de/10013308202

Trade Diversion and the Initiation Effect : A Case Study of U.S. Trade Remedies in Agriculture

Carter, Colin Andre - 2018

This paper estimates the impact of U.S. trade remedy (TR) actions on agricultural trade from 1990 to 2014. Most previous studies of the effects of TR actions have left out agricultural products. We use a four-country oligopolistic trade model to study the impact of TR duties on imports from...

Persistent link: https://www.econbiz.de/10012916175

Is Agricultural Production Becoming More or Less Sensitive to Extreme Heat? Evidence from U.S. Corn and Soybean Yields

Roberts, Michael J. - 2010

Extreme heat is the single best predictor of corn and soybean yields in the United States. While average yields have risen continuously since World War II, we find no evidence that relative tolerance to extreme heat has improved between 1950 and 2005. Climate change forecasts project a sharp...

Persistent link: https://www.econbiz.de/10013138707

The Predictive Content of Commodity Futures

Chinn, Menzie David - 2010

This paper examines the relationship between spot and futures prices for a broad range of commodities, including energy, precious and base metals, and agricultural commodities. In particular, we examine whether futures prices are (1) an unbiased and/or (2) accurate predictor of subsequent spot...

Persistent link: https://www.econbiz.de/10013146511

Biofuels, Binding Constraints and Agricultural Commodity Price Volatility

Abbott, Philip Chase - 2015

The share of U.S. corn production used to produce ethanol increased from 12.4% in the 2004/05 crop year to over 38.5% in the 2010/11 crop year, and remained at that high level in 2011/12. Even after accounting for return of by-products to the feed market, this is a large and persistent new...

Persistent link: https://www.econbiz.de/10013035869

Commodity Market Disintegration in the Interwar Period

Hynes, William M. - 2009

Using data collected by the International Institute of Agriculture, we document the disintegration of international commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the 1920s, and then a very substantial disintegration...

Persistent link: https://www.econbiz.de/10012764519

Estimating the Impact of Climate Change on Crop Yields : The Importance of Nonlinear Temperature Effects

Schlenker, Wolfram - 2013

The United States produces 41% of the world's corn and 38% of the world's soybeans, so any impact on US crop yields will have implications for world food supply. We pair a panel of county-level crop yields in the US with a fine-scale weather data set that incorporates the whole distribution of...

Persistent link: https://www.econbiz.de/10012753692

Grain Today, Gain Tomorrow : Evidence from a Storage Experiment with Savings Clubs in Kenya

Aggarwal, Shilpa - 2018

Many farmers in the developing world lack access to effective savings and storage devices. Such devices might be particularly valuable for farmers since income is received as a lump sum at harvest but expenditures are incurred throughout the year, and because grain prices are low at harvest but...

Persistent link: https://www.econbiz.de/10012925270

Corn Production Shocks in 2012 and Beyond : Implications for Food Price Volatility

Berry, Steven - 2012

Corn prices increased sharply in the summer of 2012 due to expected production shortfalls in the United States, which produces roughly 40% of the world's corn. A heat wave in July adversely affected corn production. We extend earlier statistical models of county-level corn yields in the Eastern...

Persistent link: https://www.econbiz.de/10013096014

Yield Performance of Corn Under Heat Stress : A Comparison of Hybrid and Open-Pollinated Seeds During a Period of Technological Transformation, 1933-1955

Meyers, Keith; Rhode, Paul W. - 2022

Starting in the 1930s, commercial hybrid corn seeds rapidly replaced the once predominant open-pollinated varieties planted by farmers. By the mid-1950s almost all corn grown in the United States was of hybrid varieties. Observers have argued that the drought tolerant qualities of these hybrids...

Persistent link: https://www.econbiz.de/10013307733