This paper measures the impact of bilateral exchange rates, the world agricultural GDP and third-country exchange rate volatilities (Yen/USD and Euro/USD) on the BRICS agricultural exports using a vector autoregressive (VAR) model. Two measures of volatility are used: the standard deviation and...

This study shows that the stochastic process that governs price fluctuations in the international fiber market has transitory and permanent components. The results also indicate structural relationships between cotton price and wool price, wool price and oil price, rayon price and cotton price,...

We show that the reduction of an ad-valorem tariff lead to an increase in Japanese imports of higher quality US beef relative to the lower quality Australian beef. Increasingly more efficient US beef production and strong income effect further explain the recent domination of the US beef in...

This study uses stochastic equilibrium displacement model (SEDM) to investigate the impact on the soybean and its joint products (soymeal and soyoil) sectors of different countries and regions from transportation cost reduction in Brazil incorporating assumptions of decrease in the U.S. loan...

China is experiencing rapid economic growth, resulting in increased demand for food. Estimates are made of Chinese production and consumption of rice, wheat, corn, and soybeans to the year 2005. Results indicate that China will become a large net importer especially of wheat, corn, and soybeans....

This report evaluates the U.S. and world sugar markets for 1998-2008 by using the World Sugar Policy Simulation Model. This analysis is based on assumptions about general economic conditions, agricultural policies, population growth, weather conditions, and technological changes. Both the U.S....

The value of credit guarantee programs has recently been called into question. Credit guarantees are important marketing tools in the world wheat market, both to develop new markets and to compete in existing markets. This study examines the additionality of export credit guarantees. Empirical...