In this article we use the theories of market efficiency and supply of storage to develop a conceptual link between the corn and ethanol markets and explore statistical evidence for the link. We propose that a long-run no-profit condition is established in distant futures markets for ethanol,...

A framework for seasonal crop forecasting was developed and applied to East Java. The model includes seasonal areas and yields of rice and the major secondary crops on the basis of lagged data on rainfall, prices, crop areas, and intensification targets. Overall, rainfall, lagged crop areas, and...

This paper investigates whether a small country facing foreign price instability benefits from active stabilization of the domestic price of the importable. For example, the European Community can be treated as a small open economy facing price instability of agricultural products originating in...

The U.S. crops model is one component of the integrated modeling system developed and maintained by the Food and Agricultural Policy Research Institute (FAPRI), which operates as a joint program at Iowa State University and the University of Missouri-Columbia. The FAPRI system is used to...

Since many of the conditions taken for granted in mature market economies cannot be assumed for transition economies such as Russia, the validity of producer subsidy equivalents (PSE) measures is questionable. The authors calculate PSEs for Russia, being careful in the selection of appropriate...

The Baltic Free Trade Agreement (BFTA) was signed in 1993, took effect on April 1, 1994, and is intended to be the first step in the formation of a customs union. However, agricultural products (agriculture, food industry, and fisheries) were excluded from the initial text, which provided that a...

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...

In the third of three related papers, the authors discuss rules and mechanisms that could facilitate the expansion of the North American Free Trade Agreement (NAFTA) and promote freer trade and investment in the Americas. These mechanisms include macroeconomic policies that open trade and...

Issues, choices, and strategies in the transformation of collective and state farms in transition economies are explored. Analysis includes how other reforms have an impact on the transition in farming systems and farm structure. Economic forces to direct the changing structure of farming to the...

The Baltic countries of Estonia, Latvia, and Lithuania are undertaking rapid economic and structural reforms affecting the food and agricultural sectors. The environmental problems related to agriculture now and in the recent past are more in the area of chemical and animal waste runoff than in...