World grains prices dramatically increased between 2007 and 2008, but rice prices especially surged. Utilizing the much larger spike in rice prices than in wheat, this article compares the response of Indian households consuming rice as the staple grain to households consuming wheat. Households...

Efficient information exchanges between sellers and buyers are essential if prices are to act as a signal for resource allocation in an economy. In the case of seed and planting materials, information on quality traits are often difficult for consumers (farmers) to obtain prior to purchase,...

We investigate whether food price subsidies affect household nutrition using a dramatic expansion of the availability of subsidized rice in the Indian state of Chhattisgarh in the early 2000's. Households in Chhattisgarh increased their consumption of pulses, animal-based protein, and produce...

We empirically address the implications of biofuel policy regarding major grains, to the subsequent evolution of the markets for calories from the three major grains, maize, wheat and rice. The implied market variables, namely, market price, consumption, and stocks, using a structurally...

Food vs. Fuel, Cointegration analysis, VECM, agricultural prices, fuel prices

This paper serves to disentangle the complex system of Indian food policies, related to wheat and rice procurement, storage, distribution and trade. Using time series for national aggregate data, these policies are econometrically analyzed, next their implications for the markets are assessed...

Grain prices have risen sharply since 2005 and 2006 affecting livestock markets by increasing feed prices and leading to significant volatility shocks. The high price levels and magnitude of sustained high volatilities has raised concerns for many sectors of the economy, in particular those with...

We study the difference in the volatility dynamics of CBOT corn, soybeans, and oats futures prices across different delivery horizons via the smoothed Bayesian estimator of Karali, Dorfman, and Thurman (2010). We show that the futures price volatilities in these markets are affected by the...

This study develops a multi-crop insurance model which is employed to evaluate crop insurance decisions when several crops are produced jointly. The results suggest that the diversification effects derived from producing multiple crops can substantially alter the risk reduction impacts of crop...