| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Does the U.S. Midwest Have a Cost Advantage Over China in Producing Corn, Soybeans, and Hogs?
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| Autores: |
Fang, Cheng
Fabiosa, Jacinto F.
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| Data: |
2006-07-07
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| Ano: |
2002
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| Palavras-chave: |
Agricultural trade
Competitiveness
Corn
Cost of production
Exchange rate
Hogs
Land policy
Productivity
Soybeans
U.S. Midwest versus China
Agricultural Finance
Production Economics
International Relations/Trade
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| Resumo: |
China's accession to the World Trade Organization, a significant event for U.S. agricultural trade, has been viewed as benefitting U.S. farmers, especially midwestern farmers. This research compares the productivity and cost of production (COP) of China and the United States in producing corn, soybeans, and hogs. The results show that the U.S. Midwest (defined in this study as the Heartland region as classified by the U.S. Department of Agriculture's Economic Research Service) has a substantial advantage in land and labor productivities in producing corn and soybeans, especially compared to China's South and West producing regions. However, China's Northeast region, a major corn- and soybean-producing area, has a very competitive COP over the U.S. Midwest. In hog production, the U.S. Midwest has a cost advantage over China in feed cost and labor productivity (there is little difference in fine feed usage), but this advantage is more than offset by the lower cost of feeder pigs and low capital replacement cost in China. Land policy in both the United States and China is a key determinant of COP. In addition, labor productivity and related policies in China are driving forces for China's competitive position.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
22850
http://purl.umn.edu/18688
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| Editor: |
AgEcon Search
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| Relação: |
Iowa State University>Midwest Agribusiness Trade Research and Information Center>MATRIC Research Paper Series
MATRIC Research Paper 02-MRP 4
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| Formato: |
29
application/pdf
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