The objective of this article is to measure the market power of U.S. grain exporters in the Asian countries. This study revisits the issue of the market power with the Goldberg and Knetter (1999) model, addressing an issue about using nominal exchange rate as a cost shifter. This study proposes...

Since the discovery of Bovine Spongiform Encephalopathy (BSE) in the United States in December 2003, U.S. beef exports have declined approximately 85 percent. A number of countries, including Japan and Korea (the top export markets for U.S. beef), have banned imports of beef from the United...

This paper examines whether exchange rate misalignment negatively affects agricultural trade, compared to other industry sectors. Nominal exchange rate misalignment is obtained from the percentage deviation of real exchange rates from their long-run equilibrium based on the theory of purchasing...

The practices of the Canadian Wheat Board (CWB) are an important issue in U.S. - Canada trade disputes and WTO negotiations. This study analyzes the CWB?s effect on U.S. producers by reviewing findings from previous research and developing models to analyze CWB wheat exports to the United States...

The effects of U.S. wheat prices, dollar values, and their volatilities on U.S. wheat market shares in 10 Asian countries are analyzed. The variables are converted to a relative form comparing the U.S. against Australian and Canadian variables in order to incorporate the effects of competition...

The demand for and supply of U.S. wheat, corn, and soybean exports is specified in a dynamic framework. Obtained results indicate differences in the export behavior of each product. U.S. corn exports are elastic, while U.S. soybean exports exhibit an inelastic response. For wheat, the derived...

The North American Free Trade Agreement (NAFTA) opened up trade opportunities between the U.S. and Mexico in poultry products. Mexico agreed to reduce tariffs on agricultural products over the adjustment period and eliminate non-tariff barriers. As the phase-in of the NAFTA liberalizations...

The study explores a long memory conditional volatility model on international grain markets, demonstrating importance of modeling both temporal effects of volatility and long memory process. This study adopts six different volatility models, nested in an ARMA(p,q)- FIGARCH(P,D,Q), to capture...

On March 11, 1996, the Florida Fruit and Vegetable Association, the Florida Bell Pepper Growers Exchange, the Florida Farm Bureau, the Florida Department of Agriculture and Consumer Services and other U.S. tomato producers filed a petition with the International Trade Commission (ITC) for...

The North American Free Trade Agreement (NAFTA) opened up trade opportunities between the U.S. and Mexico in poultry products. Mexico agreed to reduce tariffs on agricultural products over the adjustment period and eliminate non-tariff barriers. As the phase-in of the NAFTA liberalizations...