Acting on complaints by Brazil, the World Trade Organization (WTO) adopted in Spring 2005 two dispute settlement reports that not only require changes to U.S. and European agricultural subsidies, but alter the balance of concessions reached in the 1994 Agreement on Agriculture, further...

Purpose The purpose of this analysis is to determine the impact of various factors, including population growth, income growth, and research and development on food security. This chapter also seeks to better understand the role of relative food prices in consumers’ selection of foods to meet...

In this chapter the development of new sugarcane varieties in Florida and Louisiana is examined, along with the accompanying advancement in mechanization technology through the widespread adoption of sugarcane harvesters. An econometric analysis is carried out to determine the impact of the...

While genetically modified (GM) crops have provided tremendous agricultural productivity gains, many consumers oppose GM products and maintain they are unsafe. We use the case of GM sugar beets and their adoption by the US producers to examine the implications of GM technology on food security....

The U.S. 2002 Farm Bill provides sizeable direct and indirect subsidies to U.S. farmers, which has created increased competition in markets where the United States and Canada compete. Target prices were reintroduced and the overall level of U.S. Government support was increased. Canadian farmers...

Books reviewed: Pamela S. Chasek (ed.), The Global Environment in the Twenty-First Century: Prospects for International Cooperation Amitrajeet A. Batabyal and Beladi Hamid, The Economics of International Trade and the Environment J.M. Antle and V.H. Smith (eds.), The Economics of World Wheat...

Purpose We discuss food security within the context of welfare economics. We review models of commodity price stabilization brought about by government storage, and/or the private sector. We use data on the stocks of major commodities to discuss the implications of storage models on food...