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U S wheat exports have fallen nearly 20 percent since 1981. Major contributing factors appear to be the strong U S dollar, debt problems m many gram-Importing countries, and mandated support levels providing an umbrella under which U S competitors can produce and sell their grams US subsidies...
Persistent link: https://www.econbiz.de/10010882062
The functional form used to represent expenditures or consumption as a function of income and household size (Engel relationship) dramatically affects estimates of elasticities of these variables. This impact also holds true when the elasticities are computed at the mean of the sample used. When...
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Commodity Credit Corporation (CCC) purchases of milkfat have greatly exceeded CCC purchases of nonfat milk solids on a milk-equivalent basis since 1988. USDA has responded by reducing the purchase price of butter and increasing the purchase price of nonfat dry milk twice in 1990 and twice in...
Persistent link: https://www.econbiz.de/10010910452
The effects of alternative farm policies on the US wheat sector are similar despite quite different assumptions for the price elasticity of exports The goal of reducing the Federal cost of the 1985 wheat program directly conflics with the goal of maintaining farm income The article compares four...
Persistent link: https://www.econbiz.de/10010910603
This article describes the structure and dynamic properties of the Food and Agricultural Policy Simulator (FAPSIM), an annual econometric model of the US agricultural sector F APSIM estimates a simultaneous price-quantity equilibrium solution for a set of individual commodity models developed...
Persistent link: https://www.econbiz.de/10010919508
The poultry� and egg�sector submodel of USDA's Food and Agricultural Policy Simulator (FAPSIM) endogenously estimates supply, production, ending stocks, retail and wholesale prices, civilian consumption of chicken, turkey, and eggs, the number of layers on farms, the consumer price...
Persistent link: https://www.econbiz.de/10010919645
Households participating in the Food Stamp Program increased their food expenditures an average of 10 percent Their food-at-home expenditures rose 19 percent while food-away-from-home expenditures declined 36 percent Increases occurred for cereal and dairy products, eggs, nonalcoholic beverages,...
Persistent link: https://www.econbiz.de/10010919802
This article presents the structure, parameters, and validation statistics for the dairy-sector sub-model contained in the U S Department of Agriculture's (USDA's) Food and Agricultural Policy Simulator (FAPSIM) This submodel endogenously estimates dairy cow numbers, milk production farm-level...
Persistent link: https://www.econbiz.de/10010919993