Endogenizing the exchange rat in trade models over the period of fixed and flexible exchange rate systems poses an econometric problem in the estimation because of the fixity of the exchange rate under the fixed exchange rate system. An econometric technique, the grafted polynomial approach, is...

Lithuania is one of three Baltic republics. Its area is 25.2 thousand square miles and it has a total population of 3.72 million people. The republic is currently moving towards independence. There are numerous political changes as a result. One outcome of these political changes is the reform...

In a recent study, Starleaf, Meyers, and Womack (S-M-W, 1985) analyzed the behavior of annual time series data in the United States on various farm and nonfarm price indices over the 1929-1983 period and three subperiods in order to examine the proposition that changes in the general rate of...

Large-scale modeling systems have long been viewed as potentially valuable tools for evaluating farm policy. They have received increased attention in recent years, in part because of the added complexity of U.S. farm programs and the fuller integration of the U.S. farm sector with nonfarm...

The U.S. Export Enhancement Program (EEP) was built into the 1985 U.S. Food Security Act with a major objective being to increase sales of U.S. agricultural commodities. Through the EEP, the U.S. government subsidizes exports of agricultural commodities to targeted countries. The EEP was applied...

Over the past decade the operation of the commodity loan programs and since 1977 the farmer-owned reserve (FOR) programs, has resulted in the accumulation of large quantities of grain stocks both in the hands of the government and in the hands of farmers, sealed under the reserve program....

A commodity market outlook for wheat, coarse grains, and soybeans is evaluated for the period through the mid-1990s. The projections are based on assumptions about economic growth and agricultural policies that closely resemble current conditions. The projections include world market prices as...

A simple two-input and one-output model is used to examine the effects of variable input price uncertainty on a quasi-fixed factor. These theoretical results, applied to a livestock firm, indicate that choice of the quasi-fixed factor depends upon the attitude of the farmer toward risk and...

The wheat trade model is one of the three models in the trade modeling system developed, updated, and maintained by the Center for Agricultural and Rural Development (CARD). The other two commodity trade models are for feed grains and the soybeans complex. The three trade models are linked...

In July 1989, U.S. negotiators presented a tariffication proposal at the General Agreement on Tariffs and Trade (GATT) meeting in Geneva. According to that proposal, all agricultural nontariff barriers (NTBs) such as quotas and variable import levies would be converted to equivalent ad valorem...