The FAPRI models were developed to quantify trade and policy interactions among the major importing and exporting regions of the world. They are intended primarily for use in making intermediate-term projections and conducting policy impact analysis. Thus, they are relatively small, partial...

In a recent study, Starleaf, Meyers, and Womack (S-M-W, 1985) analyzed the behavior of annual time series data in the United States on various farm and nonfarm price indices over the 1929-1983 period and three subperiods in order to examine the proposition that changes in the general rate of...

Large-scale modeling systems have long been viewed as potentially valuable tools for evaluating farm policy. They have received increased attention in recent years, in part because of the added complexity of U.S. farm programs and the fuller integration of the U.S. farm sector with nonfarm...

The U.S. Export Enhancement Program (EEP) was built into the 1985 U.S. Food Security Act with a major objective being to increase sales of U.S. agricultural commodities. Through the EEP, the U.S. government subsidizes exports of agricultural commodities to targeted countries. The EEP was applied...

Over the past decade the operation of the commodity loan programs and since 1977 the farmer-owned reserve (FOR) programs, has resulted in the accumulation of large quantities of grain stocks both in the hands of the government and in the hands of farmers, sealed under the reserve program....

A commodity market outlook for wheat, coarse grains, and soybeans is evaluated for the period through the mid-1990s. The projections are based on assumptions about economic growth and agricultural policies that closely resemble current conditions. The projections include world market prices as...

The wheat trade model is one of the three models in the trade modeling system developed, updated, and maintained by the Center for Agricultural and Rural Development (CARD). The other two commodity trade models are for feed grains and the soybeans complex. The three trade models are linked...

The international components and the overall structure of this model are based on recent work by Huyser (1983). The U.S. Structure and components of the model are based on recent work by Ash (1984) and earlier work by Baumes and Meyers (1980) and Meyers and Hacklander (1979). The roots of all...

In the agricultural economics literature, relatively little attention has been given to the effects of interest rates on the U.S. farm sector. According to macroeconomic theory, monetary policy influences the interest rate. Changes in the interest rate will have an effect on a farmer's decision...

Changes in relative prices or terms of trade, i.e., the ratio of farm output to farm input or nonfarm output prices, have significant implications for the farm economy. If the prices farmers receive for their outputs increase (decrease) relative to the prices they pay for their inputs, the...