Over the years the control of the Government of Egypt on the agricultural sector has increasingly weakened with the progressive elimination of the input subsidy, area control, price control, procurement control, and the constraints in private sector participation in processing and trade. The...

Historically, the U.S. government has had a substantial involvement in the agricultural sector. Lence and Hayes use a dynamic, three-commodity, rational-expectations storage model to compare the impact of the Federal Agricultural Improvement and Reform (FAIR) Act of 1996 with a free-market...

EC Agricultural Commissioner Ray MacSharry surprised many by suggesting dramatic reductions in EC commodity prices, which would in effect recouple much of its agriculture with world prices. In July, all twelve EC agriculture ministers accepted the MacSharry proposal as the basis for negotiation....

Beef is a heterogeneous commodity, which makes it difficult to compare beef prices in an international level. This paper evaluates several methods of comparing beef prices to be used in measuring both comparative advantage and protection. The most suitable method is one that compares the prices...

The Heckscher-Ohlin-Vanek (HOV) equations used in this paper provide a feasible method for projecting longer-run trade patterns of the Former Soviet Union, one that does not depend on elasticities or the optimality of existing resource use. The authors contrast forecasted and actual trade...

The elasticity of aggregate supply is one key to understanding the degree to which policy-induced increases in demand for biofuel feedstocks or agricultural CO2 offsets will result in higher prices or expanded supply. In this paper we report land supply elasticities for the United States and...

The lack of transparency in the pricing and operational activities of state trading enterprises (STEs) has caused members of the World Trade Organization to express concern that certain countries' STEs might circumvent Uruguay Round commitments on export subsidies, domestic support, or market...

This study updates a 1986 Iowa State University study that showed that an Iowa-based broiler industry would be financially successful. However, while the U.S. broiler industry has grown enormously, Iowa still imports almost all of the retail-ready broilers consumed in the state. The author...

How would a representative Iowa soybean producer optimally allocate promotional dollars? Hayes suggests in this study that producers will accrue more positive economic results from funding meat exports rather than soybean exports. Meat exports that originate in Iowa cause local and national...

Testimony before the US-China Economic and Security Review Commission on April 25, 2013, by Dermot Hayes, professor of Economics and Finance, Iowa State University. Testimony covers impacts on food demand from China's rising incomes and urbanization; the viability of China's attempt to remain...