My paper is divided in two parts. In the first I will attempt to provide a brief overview of the world food situation, with an emphasis on what has happened during the 1970's - the decade when many observers thought we were headed for a Malthusian crisis. In the second part I will discuss the...

My paper is divided into three parts. The first part contains a brief review of recent changes in the structure of the international economy. The second part briefly reviews the recent experience of Brazil in its relations to the international economy. The third section discusses some of the...

Average net farm income was $98,362 in 2004 for the 125 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 2% increase over the average income of $96,404 in 2003. In constant dollars, 2004 was the third most profitable year for...

Average net farm income was $147,862 in 2005 for the 107 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 50% increase over the average income of $98,362 in 2004. In constant dollars, 2005 was the most profitable year for...

Average net farm income was $154,698 in 2006 for the 110 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 5% increase over the average income of $147,862 in 2005. In constant dollars, 2006 was slightly more profitable than the...

Average net farm income was $242,267 in 2007 for the 107 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. Average earnings increased by 57% over the average of $154,698 in 2006. In constant dollars, 2007 was the most profitable year for...

I would like to divide my comments into four parts: (1) a discussion of flexible exchange rates and economic independence; (2) an analysis of macroeconomic policy with flexible exchange rates and an international capital market; (3) an analysis of macroeconomic policy and agriculture; and (4) a...