This paper explores changes in traditional commodity programs from the perspective of domestic welfare. A theoretical model was developed which describes domestic welfare changes that follow from policies consistent with reductions in international price distortions. The model was applied to the...

A major objective of the Food Security Act of 1985 was to make the United States more competitive in world markets. U.S. wheat exports in 1987/88 were 75 percent above their 1985/86 level. This paper analyzes the change in U.S. competitiveness in wheat exports by quantitatively assessing those...

Off-flavor in catfish restricts farm marketings 10 to 45% depending on the season. The economic impact on society of this imposed supply restriction depends, in part, on the elasticity of demand for catfish. Econometric estimates based on disaggregated processing plant data indicate an elastic...

Recent empirical research and development in the cattle industry suggest several reasons to suspect structural change in economic relationships determining cattle prices. Standard forecasting models may ignore structural change and may produce biased and misleading forecasts. Vector...