Major issues and challenges encountered in modeling and analyzing agricultural and trade policy reforms are reviewed. We focus on the modeling approach and pay special attention to the type and scope of the models, the calibration of a realistic baseline scenario, the representation of the...

A Production Entitlement Guarantee (PEG) program would replace existing agricultural policies with a program that would allow governments to subsidize only a fixed proportion of each farmer's historical production. World supply and demand conditions would determine the price farmers receive for...

The paper proposes a method to measure foreign supply response to changes in U.S. prices and applies the method to Argentine field crops. Argentine export taxes and marketing margins are endogenized, and price transmission elasticities are calculated. Total area harvested is a function of...

International negotiations under the General Agreement on Tariffs and Trade (GATT) seek to set rules governing trade in agricultural products as well as a wide variety of other products and services. The outcome of the negotiations is uncertain at this time, but it seems that if there is to be...

A better understanding of the relationship between a state's agricultural sector and the national agricultural economy increases the ability of agricultural interest groups to anticipate and understand policy developments. This paper develops and documents a state-level model of the Iowa...

The Commission of the European Community has proposed a restructuring of the Common Agricultural Policy (CAP) that is independent of the ongoing General Agreement on Tariffs and Trade (GATT) negotiations. This study analyzes the proposal in terms of the flexibility it would grant EC negotiators...

Statistics demonstrate the diversity of EC agriculture. Agriculture in southern Europe is characterized by many small farms, most of which emphasize crop production. In northern Europe, farms are larger and more likely to emphasize livestock production. More than 70 percent of all EC farms are...

An econometric corn and soybean supply response model is provided that endogenously determines program participation. The impacts of a decrease in the target price, an increase in the set-aside rate, and the introduction of a paid diversion are analyzed for the 1985 crop.

A better understanding of the relationship between a state's agricultural sector and the national agricultural economy increases the ability of agricultural interest groups to anticipate and understand policy developments. This paper develops and documents a state-level model of the Iowa...

To identify the winners and the losers from the General Agreement on Tariffs and Trade (GATT) in agriculture, it is necessary to know which countries will be required to reduce which subsidies by what amounts. Rules that seem fair may actually impose very different future obligations on the...