This paper briefly summarizes the impacts of the European Union's Common Agricultural Policy (CAP) reforms on the European agricultural sector and on international agricultural trade. Objectives of the CAP reform (as stated in EU Commission documents) are to ensure the environmental viability of...

Using the Food and Agricultural Policy Research Institute (FAPRI) modeling system, we investigate the multilateral removal of border taxes and farm programs and their distortion of world agricultural markets. We find that agricultural and trade distortions have significant terms-of-trade...

The WTO commitments made by the United States are often cited as being an important constraint on the design of future U.S. farm programs. Many, however, are confused about the U.S. commitments and their future importance. In this paper, the authors attempt to fill this gap in understanding by...

Driven by the expanding production of biofuels, the linkage between the agricultural and energy markets is evolving, and that has changed the market for agricultural commodities dramatically. These developments in agricultural markets consequently shifted the distribution of domestic grains and...

In recent years, the organic sector has grown steadily and significantly. However, little economic research has been performed on risk management in organic agriculture, likely because of the lack of available data. This lack of data may also be why the creation of the current crop insurance...

Since 1986 the federal crop insurance program has changed in several ways: the number of covered crops has increased dramatically; the number of insured acres and amount of total premiums have risen; and new styles of crop insurance policies have been introduced. Each change has had a...

In 1996, two new crop insurance products--Crop Revenue Coverage and Income Protection--were introduced to insure against losses in revenue, as opposed to the traditional multiple-peril crop insurance that insures against crop yield losses. Using yield and price difference distributions in 1,000...

With the pending debate on the 1995 Farm Bill, crop insurance and disaster assistance have become major topics for discussion. This paper explores the performance of the current MPCI program and presents alternative programs. The need for a unified approach to ease the problem of agricultural...

The strongest justification for government involvement in agricultural commodity markets is the instability in U.S. food and agricultural markets that affects both consumers and producers through food supply and price volatility (Tweetin 1993). This instability comes from many sources, including...

As another Farm Bill approaches in 1995, agricultural, conservation, and environmental groups will again negotiate domestic agricultural policies. From past meetings have come such compromise solutions as the Conservation Reserve Program (CRP) and conservation compliance. The upcoming Farm Bill...