[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/ags/uerser/307997.html
   My bibliography  Save this paper

Increasing World Grain Market Fluctuations: Implications for U.S. Agriculture

Author

Listed:
  • Miller, Thomas A.
  • Sharples, Jerry A.
  • House, Robert M.
  • Moore, Charles V.
Abstract
Domestic and foreign import and export policies which restrict trade, along with increasing variability in exchange rates, are causing increased fluctuations in U.S. grain exports and are making U.S. farmers increasingly uncertain about the prices they can expect and about what they should produce. Farmer uncertainty reduces production, raises prices for consumers, and may accelerate structural changes in the farm sector. These problems may worsen over the next 20 years if other countries further insulate their domestic markets from variations in the world market. As export markets grow in coming decades, U.S. grain policies can be tailored to mitigate such impacts; but the alternatives may also involve undesirable side effects.

Suggested Citation

  • Miller, Thomas A. & Sharples, Jerry A. & House, Robert M. & Moore, Charles V., 1985. "Increasing World Grain Market Fluctuations: Implications for U.S. Agriculture," Agricultural Economic Reports 307997, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307997
    DOI: 10.22004/ag.econ.307997
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/307997/files/aer541.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.307997?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Starleaf, Dennis R., 1982. "Macroeconomic Policies and Their Impact Upon the Farm Sector," 1982 Annual Meeting, August 1-4, Logan, Utah 279148, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. James K. Binkley, 1983. "Marketing Costs and Instability in the International Grain Trade," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 57-64.
    3. Young, Douglas L., 1979. "Risk Preferences Of Agricultural Producers: Their Use In Extension And Research," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278203, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Blandford, David & Schwartz, Nancy E., 1983. "Is the variability of world wheat prices increasing?," Food Policy, Elsevier, vol. 8(4), pages 305-312, November.
    5. Robert S. Firch, 1977. "Sources of Commodity Market Instability in U.S. Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(1), pages 164-169.
    6. Richard E. Just, 1974. "An Investigation of the Importance of Risk in Farmers' Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(1), pages 14-25.
    7. Longmire, James L. & Morey, Art, 1983. "Strong Dollar Dampens Demand for U.S. Farm Exports," Foreign Agricultural Economic Report (FAER) 147219, United States Department of Agriculture, Economic Research Service.
    8. Robert P. King & George E. Oamek, 1983. "Risk Management by Colorado Dryland Wheat Farmers and the Elimination of the Disaster Assistance Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 247-255.
    9. Luther Tweeten, 1983. "Economic Instability in Agriculture: The Contributions of Prices, Government Programs and Exports," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 922-931.
    10. Robert Wilson, 1975. "Informational Economies of Scale," Bell Journal of Economics, The RAND Corporation, vol. 6(1), pages 184-195, Spring.
    11. Emanuel Melichar, 1979. "Capital Gains versus Current Income in the Farming Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1085-1092.
    12. Economics, Statistics, and Cooperatives Service, 1979. "Structure Issues of American Agriculture:," Agricultural Economic Reports 307871, United States Department of Agriculture, Economic Research Service.
    13. Douglas L. Young, 1979. "Risk Preferences of Agricultural Producers: Their Use in Extension and Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1063-1070.
    14. Stuart Harris, 1980. "Australian Agriculture And World Commodity Trading Arrangements," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 24(3), pages 167-182, December.
    15. Rulon D. Pope & Richard Prescott, 1980. "Diversification in Relation to Farm Size and Other Socioeconomic Characteristics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 554-559.
    16. Quirino Paris, 1979. "Revenue and Cost Uncertainty, Generalized Mean-Variance, and the Linear Complementarity Problem," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 268-275.
    17. Alex F. McCalla, 1982. "Impact of Macroeconomic Policies Upon Agricultural Trade and International Agricultural Development," American Journal of Agricultural Economics, John Wiley & Sons, vol. 64(5), pages 861-868, December.
    18. Alex F. McCalla, 1982. "Impact of Macroeconomic Policies Upon Agricultural Trade and International Agricultural Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(5), pages 861-868.
    19. Harris, Stuart, 1980. "Australian Agriculture And World Commodity Trading Arrangements," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(3), pages 1-16, December.
    20. Lin, William & Ingerson, Ann, 1978. "Impacts Of Price Stabilization Policy On Farm Structure," 1978 Annual Meeting, August 6-9, Blacksburg, Virginia 283693, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ribaudo, Marc O. & Heimlich, Ralph & Claassen, Roger & Peters, Mark, 2001. "Least-cost management of nonpoint source pollution: source reduction versus interception strategies for controlling nitrogen loss in the Mississippi Basin," Ecological Economics, Elsevier, vol. 37(2), pages 183-197, May.
    2. Claassen, Roger & Hansen, LeRoy T. & Peters, Mark & Breneman, Vincent E. & Weinberg, Marca & Cattaneo, Andrea & Feather, Peter & Gadsby, Dwight M. & Hellerstein, Daniel & Hopkins, Jeffrey W. & Johnsto, 2001. "Agri-Environmental Policy at the Crossroads: Guideposts on a Changing Landscape," Agricultural Economic Reports 33983, United States Department of Agriculture, Economic Research Service.
    3. Ribaudo, Marc O. & Heimlich, Ralph & Peters, Mark, 2005. "Nitrogen sources and Gulf hypoxia: potential for environmental credit trading," Ecological Economics, Elsevier, vol. 52(2), pages 159-168, January.
    4. Heimlich, Ralph E. & Wiebe, Keith D. & Claassen, Roger & Gadsby, Dwight M. & House, Robert M., 1998. "Wetlands and Agriculture: Private Interests and Public Benefits," Agricultural Economic Reports 34043, United States Department of Agriculture, Economic Research Service.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Edwards, Clark, 1985. "U.S. Agriculture's Potential to Supply World Food Markets," Agricultural Economic Reports 307995, United States Department of Agriculture, Economic Research Service.
    2. Musser, Wesley N., 1994. "Progress In Risk Analysis In Regional Projects," 1994 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses Risk, Technical Committee Meeting, March 24-26, 1994, Gulf Shores State Park, Alabama 271553, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    3. Ahearn, Mary Clare & Collender, Robert N. & Diao, Xinshen & Harrington, David H. & Hoppe, Robert A. & Korb, Penelope J. & Makki, Shiva S. & Morehart, Mitchell J. & Roberts, Michael J. & Roe, Terry L. , 2004. "Decoupled Payments In A Changing Policy Setting," Agricultural Economic Reports 33981, United States Department of Agriculture, Economic Research Service.
    4. Mapp, Harry P. & Hardin, Michael L. & Walker, Odell L. & Persaud, Tillak, 1979. "Analysis Of Risk Management Strategies For Agricultural Producers," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278205, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Rausser, Gordon C., 1985. "Macroeconomic environment for U.S. agricultural policy," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2561m38d, Department of Agricultural & Resource Economics, UC Berkeley.
    6. Devadoss, S., 1985. "The impacts of monetary policies on US agriculture," ISU General Staff Papers 198501010800008837, Iowa State University, Department of Economics.
    7. Francisco J. André & Inés Herrero & Laura Riesgo, 2004. "Using DEA to estimate the importance of objectives for decision makers," Economic Working Papers at Centro de Estudios Andaluces E2004/50, Centro de Estudios Andaluces.
    8. Pick, Daniel H. & McCalla, Alex F., 1985. "Macroeconomics And Agriculture: Review Of The Literature," Working Papers 225797, University of California, Davis, Department of Agricultural and Resource Economics.
    9. Fertő, Imre, 1995. "A mezőgazdasági árak stabilizálásának problémáiról [On the problems of stabilizing agricultural prices]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 256-269.
    10. Levi, Loïc & Latruffe, Laure & Ridier, Aude, 2019. "Farm performance and investment decisions: evidence from the French (Brittany) dairy sector," Working Papers 285033, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    11. Erasmus, Barend & van Jaarsveld, Albert & van Zyl, Johan & Vink, Nick, 2000. "The effects of climate change on the farm sector in the Western Cape," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 39(4), pages 1-15, December.
    12. Christensen, Lee A. & Miranowski, John A., 1982. "PERCEPTIONS, ATTITUDES AND RISK: Overlooked Variables in Formulating Public Policy on Soil Conservation and Water Quality," 1982 Annual Meeting, August 1-4, Logan, Utah 279212, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. André, Francisco J. & Herrero, Inés & Riesgo, Laura, 2010. "A modified DEA model to estimate the importance of objectives with an application to agricultural economics," Omega, Elsevier, vol. 38(5), pages 371-382, October.
    14. van Zyl, J. & Groenewald, J. A., 1986. "A Comparison Of Certain Decision-Making Techniques Under Risk - An Empirical Investigation Of Maize Cultivar Selection," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 25(1), February.
    15. Marra, Michele & Pannell, David J. & Abadi Ghadim, Amir, 2003. "The economics of risk, uncertainty and learning in the adoption of new agricultural technologies: where are we on the learning curve?," Agricultural Systems, Elsevier, vol. 75(2-3), pages 215-234.
    16. Basanta R. Dhungana & Peter L. Nuthall & Gilbert V. Nartea, 2004. "Measuring the economic inefficiency of Nepalese rice farms using data envelopment analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(2), pages 347-369, June.
    17. Messina, C. D. & Hansen, J. W. & Hall, A. J., 1999. "Land allocation conditioned on El Nino-Southern Oscillation phases in the Pampas of Argentina," Agricultural Systems, Elsevier, vol. 60(3), pages 197-212, June.
    18. Wilson, Paul N., 1984. "The Implementation of Convex Set: Discussion," Regional Research Projects >1984: S-180 Annual Meeting, March 25-28, 1984, New Orleans, Louisiana 307226, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    19. S. Martin & F. McLeay, 1998. "The Diversity of Farmers' Risk Management Strategies in a Deregulated New Zealand Environment," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(2), pages 218-233, June.
    20. Hauser, Robert J. & Eales, James S., 1985. "On the Measurement of Risks and Returns of Hedging with Options," 1985 Annual Meeting, August 4-7, Ames, Iowa 278561, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uerser:307997. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.