This paper investigates the supply response to a storage subsidy. From the ex post sales decision problem we derive the reservation price below which all risk averse farmers hold some inventory. While sales and storage decisions are made ex post, production decisions are made ex ante before the...

After parliamentary elections and the formation of a new government, Lithuania declared the restoration of its independence from the USSR on March 11, 1990. Although Lithuania was not recognized as a separate state by the USSR and the world community until after the failed Moscow putsch of...

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...

The Treaty of Rome, which established the European Economic Community in 1957, defined the objectives of the Common Agricultural Policy (CAP). These objectives, contained in Article 39, follow: 1) Increase agricultural productivity by promoting technical progress and by ensuring rational...

Meyers uses the FAPRI agricultural commodity models to help analyze how the final passage of the GATT agreement will impact Russia, the Newly Independent States (NIS), and Central and Eastern Europe. While there are benefits from the GATT accord, he notes that the GATT agreement cannot be seen...

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The producer subsidy equivalent (PSE) measure was developed by the Organization for Economic Cooperation and Development for measuring agricultural support or assistance. PSE can be utilized in the analysis of transition economies because it exhibits high sensitivity to the adjusted exchange...

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