Impacts of Selected Title I Provisions of the Senate Committee Farm Bill

This report examines selected provisions of Title I of the “Food and Energy Security Act of 2007,” as approved by the Senate Committee on Agriculture, Nutrition and Forestry.Agricultural and Food Policy, Food Security and Poverty, Resource /Energy Economics and Policy,

The Energy Independence and Security Act of 2007: Preliminary Evaluation of Selected Provisions

The “Energy Independence and Security Act (EISA) of 2007” was signed into law in December 2007. This report provides a snapshot of estimated impacts of selected provisions of EISA on biofuel and agricultural markets.Agricultural and Food Policy,

Analysis of Barley Market Developments and Policy Options

Analysis of barley issues prepared in response to a request from Senators Crapo, Conrad, Craig, and Representatives Simpson, Otter, and Pomeroy.Agricultural and Food Policy, Crop Production/Industries,

FAPRI Ethanol Briefing Materials for Congressman Peterson

This report summarizes information about ethanol markets and margins for ethanol producers under a continuation of current farm and energy policies.Agricultural and Food Policy, Resource /Energy Economics and Policy,

Baseline Update for US Agricultural Markets

This document serves as a mid-year update to the 2007 FAPRI baseline prepared in January 2007. It reflects market developments and incorporates estimate information available in early August 2007.This report examines the impacts of the commodity provisions of the legislation introduced by U.S. Representative Ron Kind entitled the “Food and Agriculture Risk Management for the 21st Century Act of 2007.”Agricultural and Food Policy,

Impacts of the Commodity Provisions of the Food and Agriculture Risk Management for the 21st Century Act of 2007 (FARM 21)

This report examines the impacts of the commodity provisions of the legislation introduced by U.S. Representative Ron Kind entitled the “Food and Agriculture Risk Management for the 21st Century Act of 2007.”Agricultural and Food Policy,

The Food, Conservation, and Energy Act of 2008: Preliminary Analysis of Selected Provisions

This report provides preliminary analysis of impacts of selected Food, Conservation and Energy Act of 2008 (FCEA) provisions.Agricultural and Food Policy, Resource /Energy Economics and Policy,

Measuring Foreign Supply Response to Changes in U.S. Prices: An Argentine Example

The paper proposes a method to measure foreign supply response to changes in U.S. prices and applies the method to Argentine field crops. Argentine export taxes and marketing margins are endogenized, and price transmission elasticities are calculated. Total area harvested is a function of weighted farm prices, and crop shares are a function of relative prices. One important concern during the course of debate on the 1985 Farm Bill was how farmers in other countries were likely to respond to changes in U.S. Policies. Those arguing for policies which would reduce commodity prices contended that lower prices would be a major disincentive to foreign production. On the other hand, those favoring price-increasing policies contended that little additional foreign production was likely to result from higher prices. This paper will outline a method to measure foreign supply response to changes in U.S. commodity prices, and the approach will be applied to the case of Argentine field crops. It will be argued that the proper measurement of foreign supply response requires consideration of the likely response o foreign governments, traders and farmers to changes in world prices. The model developed here links U.s. and Argentine farm prices, and allows for cross-commodity effects

Implications of a GATT Agreement on Agriculture: The Known, the Unknown and the Unknowable

International negotiations under the General Agreement on Tariffs and Trade (GATT) seek to set rules governing trade in agricultural products as well as a wide variety of other products and services. The outcome of the negotiations is uncertain at this time, but it seems that if there is to be an agreement for agriculture, it will require countries to make modest reductions in internal support measures, export subsidies, and import barriers. The consequences of a GATT agreement for world agriculture cannot be known with certainty, especially if the specific terms of an agreement remain unknown. Research conducted by the Center for Agricultural and Rural Development (CARD) demonstrates that the policy implications of a GATT agreement are very sensitive to specific GATT rules. Under most plausible sets of rules, the United Stated earns substantial credits for policy reforms already implemented, so future support reductions under a GATT agreement would be smaller for the United States than for most other countries

An Analysis of the EC Commission Plan for CAP Reform

The Commission of the European Community has proposed a restructuring of the Common Agricultural Policy (CAP) that is independent of the ongoing General Agreement on Tariffs and Trade (GATT) negotiations. This study analyzes the proposal in terms of the flexibility it would grant EC negotiators at the GATT. The results indicate that adopting the proposal would sharply reduce the volume of EC cereal, meat, and dairy product exports. EC negotiators at the GATT would be able to offer significant reductions in export subsidies, a primary concern of the United States and other exporting countries. By reducing production, the proposal would also significantly reduce internal supports. An Aggregate Measure of Support (AMS) calculation estimates reductions from a base period of 1986-8 to 1997 that range from 17 percent for beef to 60 percent for pork and poultry. The proposal would provide increased market access, but would still insulate internal prices from world price fluctuations. Long-term world price increases attributable to EC export reductions are estimated to range from 5 percent to 10 percent for meat, corn, barley, and soybeans to 15 percent to 20 percent for wheat and dairy products