A standard, multiregion general equilibrium (GE) model is developed and contrasted with typical partial equilibrium (PE) models of agricultural trade for two trade policy reform experiments. In the case of reforms affecting both food and nonfood sectors, the PE model has difficulty predicting...

A summary function describing the relationship between output level, conservation reserve program (CRP) acreage, and production costs for major US field crops indicates that extending the CRP from 40 million to 44 million acres in 1990 could raise the bid price for CRP land as much as 7 percent....