This report presents estimates of supply, demand, and price transmission elasticities for the U.S. livestock, poultry, and dairy sectors. The estimates are derived from models maintained by the Food and Agricultural Policy Research Institute (FAPRI) and are prepared in accordance with procedures...

Commodity modeling is like many other endeavors in science and in life—we continue to strive for completeness and perfection but may never be satisfied with the current level of our accomplishments. This is a productive attitude, because it always generates incentives for continued effort...

Granger Causality tests are run to examine the causal relationships between the trade deficit, another macroeconomic variable, and U.S. prices. The results show that strong causal relationships run from the trade deficit to agricultural prices but not to nonagricultural prices. Results of...

Meyers uses the FAPRI agricultural commodity models to help analyze how the final passage of the GATT agreement will impact Russia, the Newly Independent States (NIS), and Central and Eastern Europe. While there are benefits from the GATT accord, he notes that the GATT agreement cannot be seen...

The United States has an extensive assistance program for less developed countries (LDCs), although its contribution is the lowest among the developed market economies in percent of allocated GNP (OECD 1988). On average for 1985/86, about 11.2 percent or $1.05 billion (1985 prices and exchange...

Agricultural trade problems have been receiving increased attention in the United States for the last few years. The reason is obvious. After a decade during which the value of agricultural exports grew from $8 billion annually to a peak of nearly $44 billion in 1981, both quantities and values...

The soybean trade model is one of the three models in the trade modeling system developed, updated, and maintained by the Center for Agricultural and Rural Development (CARD). The other two commodity trade models are for wheat and the feed-grains complex. The three trade models are linked...

The feed-grains trade model is one of the three models in the world trade modeling system developed, updated, and maintained by the Center for Agricultural and Rural Development (CARD). The other two commodity trade models are for wheat and the soybeans complex. The three world models are...

A dynamic multicountry, multicommodity model is used to evaluate the impact of a moderate General Agreement on Tariffs and Trade (GATT) agreement. The terms of this agreement are as follows. 1) Export subsidy quantities (using annual and price wedges) are reduced by 50 percent from the 1986-88...

Agricultural production, consumption, and trade patterns are being influenced by major economic and policy changes. Among the most important are the reform of the CAP and a possible GATT agreement. A baseline containing CAP reform is compared to a GATT agreement and a scenario without CAP reform...