This is one of two papers commissioned by the International Agricultural Trade Research Consortium on various aspects related to the agricultural sector of a prospective North American Free Trade Agreement. The companion paper to this one has been prepared by a working group chaired by Richard...

High food prices in 2008 and 2010 generated concern about food security in developing countries. The number of food insecure people was estimated to have jumped significantly and food assistance donors were faced with unexpectedly high procurement bills. This paper discusses how high food prices...