The United States and Canada have developed very different grain handling and transportation systems (GHTSs) over the last several decades to compete for global and domestic markets in Canada and the United States under CUSTA. Because the grain industries in both countries face long distance...

Using a dynamic gravity equation, we show that the national product differentiation model explains food and agricultural trade more properly, while the product differentiation model is more appropriate to explain large-scale manufacturing trade. In this context, our result is not consistent with...

This report evaluates the U.S. and world wheat markets for the 2003-2013 period using the Global Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, weather conditions, and technological change. Both the U.S....

The recent rapid increase in commodity prices is not an unique event. It has happened several times in the past. Commodity prices have always dropped, returning to a more normal level. Production costs, on the other hand, follow commodity prices up but do not follow them down. Net farm income...

Net farm income for nearly all representative farms in 2017 is projected to be lower than in 2007. Low profit farms, which comprise 20% of the farms in the study, may not have financial resiliency to survive without off-farm income. Commodity prices are expected to fall from current levels,...

This report evaluates the U.S. and world sugar markets for 2007-2017 using the Global Sugar Policy Simulation Model. This analysis is based on assumptions about general economic conditions, agricultural policies, population growth, weather conditions, and technological changes. Both the U.S. and...

The pattern of trade between the United States and China has dramatically changed during the past 15 years. Until 1992, the commodity trade volume between the two countries was around $10 billion per year, but it grew to $60 billion in 1999. Because China has kept its currency (yuan or renminbi)...

This report evaluates the U.S. and world wheat markets for the 2002-2012 period using the Global Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, weather conditions, and technological change. Both the U.S....

This report evaluates the U.S. and world wheat markets for the 2000-2010 period by using the Global Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, weather conditions, and technological change. Both the...