Achieving greater energy security by reducing dependence on foreign petroleum is a goal of U.S. energy policy. The Energy Independence and Security Act of 2007 (EISA) calls for a Renewable Fuel Standard (RFS-2), which mandates that the United States increase the volume of biofuel that is blended...

U.S farms are becoming increasingly specialized, limiting the usefulness of traditional aggregate analysis. This report identifies data limitations, advantages in estimating farm income by type of farm, and the implications of SIC-based measures. The potential relationships between the SIC type...

This report documents the updated version of the Partial Equilibrium Agricultural Trade Simulation (PEATSim) model developed by USDA’s Economic Research Service. PEATSim is a global model, covering 31 commodities and 27 countries/regions. The model, consistent with economic theory, provides a...

The risks confronted by grain and cotton farmers are of particular interest, given the changing role of the Government after passage of the 1996 Farm Act. With the shift toward less government intervention in the post-1996 Farm Act environment, a more sophisticated understanding of risk and risk...

The studies in this report analyze the effects of decoupled payments in the Federal Agriculture Improvement and Reform (FAIR) Act on recipient households, and assess land, labor, risk management, and capital market conditions that can lead to links between decoupled payments and production...

The economic development of South Korea is often considered a model for developing countries. We use 1975 and 1990 data in a general equilibrium framework with a highly disaggregated sector specification to evaluate the opportunity cost of its agricultural protection. We show that although...