Being of crucial importance for agricultural production and also having experienced significant price volatility, phosphate and its future availability have drawn growing at-tention from both academics and the public over the last years. This paper overviews the recent literature and data on the...

Hamilton’s essay begins with a reflection on food and society. He writes of the effect of modernization and industry on the relationship America has with food. What once was a centerpiece of our economic independence, family life, and health is now merely an afterthought. Quality and trust in...

This paper explores changes in the level and composition of per capita food consumption across the world; it does not discuss intra-country inequalities in food access, nor the prevalence of hunger resulting from those inequalities. The world's food output has more than trebled since 1961 whilst...

Once more, agriculture threatened to prevent all progress in multilateral trade rule-making at the Ninth WTO Ministerial Conference in December 2013. But this time, the “magic of Bali” worked. After the clock had been stopped mainly because of the food security file, the ministers adopted a...

The aim of this paper is to investigate the main features of world cotton market by focusing on the role of China, and analyzing the effect of predetermined macroeconomic variables on Chinese cotton market. First, a global overview of cotton market is given; after that, the main reasons for...

The purpose of this study is to measure the sensitivity of traded quantities and trade unit values to agricultural production shocks. We develop a general equilibrium model of trade in which production shocks in exporting countries affect both traded quantities and trade unit values. The model...

Utilizing a comprehensive dataset that includes a sample of 104 countries for corn, 54 countries for soybeans, 82 countries for wheat, and 77 countries for rice and covers the period from 1991 to 2013, we estimate a globally comprehensive but heterogeneous (country-specific) transmission...

Understanding how producers make decisions to allot acreage among crops and how decisions about land use are affected by changes in prices and their volatility is fundamental for predicting the supply of staple crops and, hence, assessing the global food supply situation. The innovations of the...

This paper examines factors that affect the transmission of fluctuations in global agricultural commodity prices to domestic food inflation. Using panel regressions on data from 53 advanced and emerging-market countries, we investigate how factors such as local crop production conditions, the...

The Organization for Economic Cooperation and Development (OECD) in collaboration with the Food and Agricultural Organization (FAO), and the US Department of Agriculture (USDA) produce long-term agricultural projections for key indicators of agricultural commodities. These baseline projections...