FAPRI Trade Model for Feed Grains: Specification, Estimation, and Validation

Abstract

This model was developed to quantify the trade and policy linkages for feed grains among the major importing and exporting regions. It is intended primarily for use in making intermediate-term projections and conducting policy impact analysis. Thus it is a relatively small partial equilibrium model but incorporates the most basic supply, demand, price, and policy variables in the feed grains sector.