This paper develops the structure and closure of an econometric regime-switching model within a partial equilibrium framework that has the ability to generate reliable estimates and projections of endogenous variables under market switching regimes. Models used in policy evaluation usually...

This paper uses a partial equilibrium commodity model of the EU agricultural market to examine the impact on the EU of two possible trade reform scenarios that could emerge under a World Trade Organisation (WTO) agreement. It explores the potential outcome up to 2017 under these scenarios,...

To date within Europe, a regulatory approach has been favoured when trying to curtail emissions from agriculture, the Nitrates Directive being a recent example. Economic theory indicates that market based solutions such as tradable emissions permits are the least cost means of achieving desired...

Analysis of eleven biofuel policy options prepared in response to a request from five Members of Congress.

In the Mid-Term Review (MTR), the European Commission proposed a series of changes to the Common Agricultural Policy (CAP). An important part of these changes was significant decoupling of support payments from production. In this paper, a partial equilibrium model of the EU agricultural sector...

This report summarizes information about ethanol markets and margins for ethanol producers under a continuation of current farm and energy policies.

This report presents a summary of ten year baseline projections for U.S. agricultural markets, farm program spending, farm income, and a variety of other indicators.

This document serves as a mid-year update to the 2008 FAPRI baseline prepared in January 2008. It reflects market developments and incorporates estimate information available in early August 2008.

Analysis of farm bill wheat policy options in response to a request from Senators Crapo and Baucus and Representatives Musgrave and Pomeroy.