Dramatically increased international agricultural commodity prices from 2007 to mid-2008 brought food inflation and greater incidence of poverty and malnutrition to developing countries. Higher food prices in 2011 threaten to repeat that crisis. The international community responded strongly to...

Macroeconomic events and policies strongly influence agricultural sector outcomes. Chapters synthesized here delineate both feed-forward and feedback linkages between agriculture and the macroeconomy, examining how relationships change as countries develop and undergo structural transformation....

There has been an increase in food price instability in recent years, with varied consequences for farmers, market participants, and consumers. Before policy makers can design schemes to reduce food price uncertainty or ameliorate its effects, they must first understand the factors that have...