High-value agricultural products such as processed foods are becoming increasingly important for both the production and trade of the United States. Efficiency gains in primary agriculture may be transferred to the processed food sector in the form of cheaper inputs because price declines and...

Commodity price volatility in international markets has been used to justify numerous policy interventions, including the need for buffer stocks and counter-cyclical payments. The common measure of volatility, the standard deviation or coefficient of variation, likely overstates the actual...

This paper focuses on estimating the effects of the real FDI-weighted exchange rate on realU.S. foreign direct investment (FDI) in the global processed food industry. We use a straightforwardproduction possibility framework as our theoretical basis to demonstrate the shift ofproduction between...