This article discusses the main agricultural impacts of China's WTO accession and the associated challenges. We elaborate on four issues - agricultural production and trade, food security and self-sufficiency, farmers' incomes, and rural land reform. After more than seven years of WTO accession,...

The 2007-2008 agricultural commodity price boom was short-lived, just like past agricultural commodity price spikes. Grain prices doubled or even tripled from 2006 to 2008, while accompanying food prices rose sharply. But prices then fell steeply in the latter part of 2008. Some international...

The Uruguay round of GATT negotiations is working towards the reduction of agricultural subsidies. In addition, the United States and Canada have agreed to freer trade in grains if the respective subsidy levels become equalized in the two countries. This article quantifies the level of income...

The major objective of this paper is to identify and evaluate those economic factors which have influenced the development and continuing concentration of the Canadian prairie feedlot industry in southern Alberta. Irrigation, the marketing infrastructure, and local investors are identified as...

This paper revives the seminal work of Jack Kenneth (J.K.) Eastham, an economist from the Dundee School of Economics, who in the 1930s wrote on the theoretical aspects of storable commodity markets. First, we present Eastham's contribution and show that despite using a graphical analysis,...

This article tests the law of one price for wheat inputs tradeable between Canada and the United States. If Canadian and US input prices fail to equilibrate with exchange rate changes, the country which experiences a decrease in relative costs will have a competitive advantage. The results show...