Since 2006, global prices and price volatility for foodgrain commodities have spiked frequently and dramatically. Such spikes have had the heaviest economic and social impact on developing nations, where agriculture accounts for a sizable portion of economic activity. We demonstrate how US...

Since 2006, global prices and price volatility for foodgrain commodities have spiked frequently and dramatically. Such spikes have had the heaviest economic and social impact on developing nations, where agriculture accounts for a sizable portion of economic activity. We demonstrate how US...

Many trends in the world wheat market might explain the extreme price movements on the U.S. wheat futures markets in 2007/08 and 2010. But the different price reactions on the three wheat futures markets raise doubt if only supply and demand moved wheat future prices. The question arises if the...

We develop a variation of the Grossman-Helpman Protection for Saleʺ model, where organized groups, representing various sectors of the economy, influence government policy. In particular, this paper focuses on the rise of food prices and a greater level of influence of a food sector lobby,...

Motivated by the conclusions from various modelling studies, modifications to the bioenergy sector regulations are under way in Europe and in the USA to account for emissions from indirect land-use change (ILUC). Despite their influence on the policy-making, evaluations of the capacity of...

Evaluation of US agricultural policy reform is complicated by the interaction of price support programs and production constraints. Researchers have typically presumed that price support policies as observed in the US wheat program increase the producer incentive at the margin,' however, little...

The relationship between ethanol, corn and oil prices are analyzed under two alternative situations, depending on whether or not consumers purchase ethanol on the basis of its contribution to mileage. In all cases, market prices of ethanol can be above or below the consumer price paid for...

This paper provides evidence on the unintended effects of US and Chinese trade policies on the 2020 US presidential election. In response to a series of US tariffs imposed on Chinese goods, China imposed retaliatory tariffs, especially on US agricultural products, which largely affected...

In December 1994, in Miami (the United States), Heads of democratic States of the Americas met to formalize the will of constructing a Free Trade Area of the Americas (FTAA). Between the FTAA issues to be negotiated, agriculture was particularly relevant to two main states: Brazil and United...