This paper seeks to explain the causes of the long-term variation in food and agricultural prices compared to the overall price level in the United States, over the period of 1974-1996. Using cointegration methods, this study confirms a general consensus of long-run neutrality of national money...

We analyze the impact of assistance programs offered by food processors to supplying farms based on an original survey of dairy farms and companies in Poland. The results show that these programs have had a significant impact at the farm level: on on-farm investments; product quality; and farm...

Like all markets in the former communist countries, the Eastern European beer market has been strongly affected by the economic reforms in the beginning of the 1990s. In the first years after reforms, there was a substantial decline in the production of barley, malt and beer. However, the...

This paper examines the dynamic effects of changes in the bilateral exchange rate on changes in the bilateral trade of bulk and consumer-oriented agricultural products between the U.S. and its 10 major trading partners. We find that, for consumer-oriented products, U.S. exports are highly...

This report evaluates the U.S. and world sugar markets for 2010-2020 using the Global Sugar Policy Simulation Model. This analysis is based on assumptions about general economic conditions, agricultural policies, population growth, weather conditions, and technological changes. Both the U.S. and...

Consumers have increasing demands for product standards. This has important implications for development. This paper develops a formal theory of the process of the introduction of high product standards in developing countries. The model endogenizes the introduction of high standards. Initial...

As recently as a century ago, one out of two people in Europe was employed in the agricultural sector. Today agriculture represents only a small fraction of total employment in most EU member states. What makes this decline in agricultural employment even more striking is that this evolution has...

The 2003 reform of the European Union’s Common Agricultural Policy (CAP) under Commissioner Fischler was the most radical in the history of the CAP. This paper analyzes the causes and constraints of the 2003 reform. The paper argues that an unusual combination of pro-reform factors such as...