USDA's Economic Research Service (ERS) uses different economic models to estimate the impact of higher input prices on consumer food prices. The present study compares three ERS models. In the first two models, neither consumers nor food producers respond to market prices. We refer to these two...

US agricultural economic growth in this century has been characterized by a slow rise in the demand for food and faster growth in farm output as against nonfarm productivity. In such an environment, one expects the size of the farm sector to decline as a share of the rest of the economy. What is...

Labor productivity is measured for each of 4 selected years for each of four components of personal consumption expenditures for food: food purchased for off-premises consumption, purchased meals and beverages, food furnished Government and commercial employees, and food produced and consumed on...

We use a vector autoregression analysis of corn price, farm poultry price, and consumer poultry (meat) price for two periods, a mid-1950's to late 1960's period and an early 1970's to mid-1980's period. We explored the dynamic aspects of the estimated price transmission models of these two...