In the long view, recent grain price volatility is not anomalous. Wheat, rice, and maize are highly substitutable in the global market for calories, and when aggregate stocks decline to minimal feasible levels, prices become highly sensitive to small shocks, consistent with storage models. In...

Evolución económica de la producción de granos, 1980-2010 / José Pierri y Ezequiel Orlando -- Evolución comparada de los sectores agroindustriales de Argentina y Brasil, 1990-2010 / Susana Merlo y Mercedes Muro de Nadal -- Análisis de costos comparados de la producción agrícola en...

The study evaluates the efficiency of government intervention using a vertical structured model including imperfectly competitive agricultural input markets, the bread grain market, and the imperfectly competitive food industry. To test for policy efficiency the actually observed bread grain...