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| Baek, Jungho; Koo, Won W.. |
| Since the summer of 2007, U.S. food price has increased dramatically. Given public anxiety over fast-rising food prices in recent years, this paper attempts to analyze the effects of market factors ─ prices of energy and agricultural commodities and exchange rate ─ on U.S. food prices using a co-integration analysis. Results show that the agricultural commodity price and exchange rate play key roles in determining the short- and long-run movement of U.S. food prices. It is also found that in recent years, the energy price has been a significant factor affecting U.S. food prices in the long-run, but has little effect in the short-run. This implies the strong long-run linkage between energy and agricultural markets has emerged through production of... |
| Tipo: Report |
Palavras-chave: Agricultural commodity price; Energy price; Exchange rate; Food price inflation; Time-series analysis; Agribusiness. |
| Ano: 2009 |
URL: http://purl.umn.edu/54248 |
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| Elobeid, Amani E.; Carriquiry, Miguel A.; Fabiosa, Jacinto F.; Mulik, Kranti; Hayes, Dermot J.; Babcock, Bruce A.; Dumortier, Jerome; Rosas, Francisco. |
| This analysis uses the 2011 FAPRI-CARD (Food and Agricultural Policy Research Institute–Center for Agricultural and Rural Development) baseline to evaluate the impact of four alternative scenarios on U.S. and world agricultural markets, as well as on world fertilizer use and world agricultural greenhouse gas emissions. A key assumption in the 2011 baseline is that ethanol support policies disappear in 2012. The baseline also assumes that existing biofuel mandates remain in place and are binding. Two of the scenarios are adverse supply shocks, the first being a 10% increase in the price of nitrogen fertilizer in the United States, and the second, a reversion of cropland into forestland. The third scenario examines how lower energy prices would impact world... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Afforestation; Energy price; Ethanol tax credit; Fertilizer; Partial equilibrium model; Policy analysis; Agricultural and Food Policy; Demand and Price Analysis; Resource /Energy Economics and Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/107043 |
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