This paper investigates the supply response to a storage subsidy. From the ex post sales decision problem we derive the reservation price below which all risk averse farmers hold some inventory. While sales and storage decisions are made ex post, production decisions are made ex ante before the...

The outlook for international agricultural commodity markets is very sensitive to changes in macroeconomic conditions, rates of productivity growth, and government policies. Baseline projections prepared by the Food and Agricultural Policy Research Institute in March 1988 assume moderate rates...

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...

Competing claims regarding the complementarity of U.S. development assistance to less developed countries (LDCs) and U.S. agricultural exports have long been discussed by researchers, policymakers, and agricultural producers. The relationship between U.S. development assistance to LDCs and LC...

This study of Indonesia's food policy formulation was initiated in February 1989. The study, conducted in collaboration with the Ministry of Agriculture, was funded by the U.S. Agency for International Development. Junior Minister Sjarifuddin Baharsjah of the Ministry of Agriculture, and Faisal...

Within the Conservation Reserve (CR) program, a change in program criteria could reduce the amount of erosion material entering our nation's waterways. The inclusion of land adjacent to water bodies, flowing streams, and river waterways may reduce erosion from these lands and improve water...

Granger Causality tests are run to examine the causal relationships between the trade deficit, another macroeconomic variable, and U.S. prices. The results show that strong causal relationships run from the trade deficit to agricultural prices but not to nonagricultural prices. Results of...

The United States has an extensive assistance program for less developed countries (LDCs), although its contribution is the lowest among the developed market economies in percent of allocated GNP (OECD 1988). On average for 1985/86, about 11.2 percent or $1.05 billion (1985 prices and exchange...

Four policy scenarios were evaluated in this study. The results of these scenarios contribute to the ongoing policy discussions on modifying current farm legislation and on major reform of trade policies through the GATT negotiations. Two of these scenarios evaluate modifications of the current...

The outlook for international agricultural commodity markets is very sensitive to changes in macroeconomic conditions, rates of productivity growth, and government policies. Baseline projections prepared by the Food and Agricultural Policy Research Institute in March 1988 assume moderate rates...