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The Net Effect of Exchange Rates on Agricultural Inputs and Outputs AgEcon
Johnson, Myriah; Anderson, David P.; Bryant, Henry L.; Herring, Andy.
For more than thirty years, studies about the effect of the exchange rate on exports have been conducted. However, few have considered the combined effect of the exchange rate on imported inputs into the agricultural system and the exports of final agricultural products those inputs produce. A current concern is for the net effect as the total value and quantity of inputs imported has increased. This research examines the effect of exchange rate changes on imported inputs into the corn, wheat, and beef cattle production systems. Effects on cost of production budgets are calculated, examining affects on profitability. Vector Autoregression (VAR) and Bayesian Averaging of Classical Estimates (BACE) models were estimated to evaluate those effects. Daily...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy; Crop Production/Industries; International Relations/Trade; Livestock Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/103802
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