New initiatives are needed in order to move the GATT negotiations forward. A Production Entitlements Guarantees (PEG) program would limit the quantity of production of individual farmers eligible to receive support payments. The payments would be tied to production. But the quantity of...

Estimates are presented of potential variability in real world price and its source. The estimated variance of potential deviations from trend has roughly doubled since 1960/61. The bulk of this variability is attributable to the effects of fluctuations in domestic production in LDC and CPC...

We analyze the potential impact of continuing the existing U.S. sugar program, replacing it with a standard program, and implementing the standard program with multilateral trade liberalization. Under the North American Free Trade Agreement (NAFTA), duty-free sugar imports from Mexico will...

In the Northeast, the principal market expansion for its manufactured products is likely to come from outside. Sales to export markets can create jobs and could potentially exacerbate the region's dependence on imported energy. 'Ibis analysis demonstrates that 26% of the Northeast's...

Although the United States has typically been in a position to import ethanol, cornbasedethanol exports are surging as the domestic market becomes saturated andworld prices rise due to high prices for sugar, the competing global feedstock. TheU.S. is now the world’s leading ethanol producer...