This study analyzes the potential impacts of expanded ethanol production on southern agriculture. Results of regression analysis suggest that acreage planted for field crops (corn, cotton, soybeans, and wheat) is inelastic with respect to relative prices. The results provide statistical evidence...

This paper estimates import demand functions for red meat and live cattle and investigates the impact of BSE and the trade ban on Canadian Cattle and beef on U.S. import demand elasticity using an error correction model (ECM). The results show that beef, pork, and live cattle were price...

Fluid milk and cheese imports have been increasing in Mexico, especially in the years preceding the devaluation of the peso. This study estimates import demand for fluid milk and cheese in Mexico and for 1975-1995. Estimated real exchange rate and income parameters are then used to forecast...

This paper examines the effect of the U.S.-Mexico trade agreement under the North American Free Trade Agreement (NAFTA). The results suggest that U.S. agricultural imports from Mexico have been responsive to tariff rate reductions applied to Mexican products. A one percentage point decrease in...

This paper examines the impact of the U.S.-Mexico trade agreement under NAFTA. The results suggest that U.S. agricultural imports from Mexico have been responsive to tariff rate reductions applied to Mexican products. A 1 percent decrease in tariff rates is associated with an increase in U.S....