California strawberry production accounts for 18% of total methyl bromide use in U.S. agriculture. Under the Montreal Protocol, methyl bromide was slated to be banned in the United States in 2005. A critical use exemption was obtained for U.S. agriculture for 2005 and 2006, but the phaseout of...

Periodically, the global economy experiences great commodity booms and busts, characterized by a broad and sharp comovement of commodity prices. There have been two such episodes since the Korean War. The first event peaked in 1974 and the second in 2008, 34 years apart. Both created major...