This study finds that the use of distillers dried grain with solubles (DDGS) as feed is greatly influenced by the development of DDGS products that are available in the market. We find that newer-generation DDGS products have a higher optimal inclusion rate, reaching the maximum allowable rate...

Many economic and demographic trends along with increased free trade agreements are projected to increase Mexico's prominence in the world markets for meat products in the next decade. This report documents the development by the Food and Agricultural Policy Research Institute (FAPRI) of a new...

Within the next 20 years, China will be transformed from a country unable to meet the basic food needs of its people to one that should be able to provide meat, poultry, dairy products, and even alcohol to a majority of consumers. To achieve this growth, China will need to change many of the...

Three recent reports have estimated the market impacts of domestic offset programs, including afforestation, contained in the American Clean Energy and Security Act (ACES). The magnitude of these estimated impacts motivates this study. We show that with carbon prices as low as $30 per metric...

The Food and Agricultural Policy Research Institute (FAPRI) received a request in mid-February to analyze the proposed changes to agriculture and agricultural trade made by Arthur Dunkel. These changes essentially fall into three areas. 1) Export Competition. Subsidies are subject to reduction...

The Treaty of Rome, which established the European Economic Community in 1957, defined the objectives of the Common Agricultural Policy (CAP). These objectives, contained in Article 39, follow: 1) Increase agricultural productivity by promoting technical progress and by ensuring rational...

Biotech crops have now been grown commercially on a substantial global scale since 1996. This paper examines the production effects of the technology and impacts on cereal and oilseed markets through the use of agricultural commodity models. It analyses the impacts on global production,...

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...