Enlargement of the European Community (EC), recent reforms of the Common Agricultural Policy (CAP), and structural policy changes in the Community have generated economic conditions whose combined long-term effect will be a decrease in the demand for US agricultural exports to the EC. Factors...

The demand for and supply of U.S. wheat, corn, and soybean exports is specified in a dynamic framework. Obtained results indicate differences in the export behavior of each product. U.S. corn exports are elastic, while U.S. soybean exports exhibit an inelastic response. For wheat, the derived...

The 2006-08 commodity price boom was one of the longest and broadest of the post-World War II period. Apart from strong and sustained economic growth, the recent boom was fueled by numerous factors, including low past investment in extractive commodities, weak dollar, fiscal expansion, and lax...

The impact of the EC enlargement on US agricultural exports to the EC is analyzed using a model differentiating products by origin. Simulation of the enlargement, based on average 1983.85 trade flows, indicates that the integration of Spanish and Portuguese agriculture into the EC variable...

Plenary presentation from 123rd EAAE Seminar, 23-24 February, Dublin, Ireland