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| Reed, Albert J.; Hanson, Kenneth; Elitzak, Howard; Schluter, Gerald E.. |
| USDA's Economic Research Service (ERS) uses different economic models to estimate the impact of higher input prices on consumer food prices. The present study compares three ERS models. In the first two models, neither consumers nor food producers respond to market prices. We refer to these two models as short-run models. In the third model, both consumers and food producers respond to changing prices, and we refer to this model as a long-run model. Given published parameter estimates, we simulate the impact of a higher energy price on consumer food prices, and our empirical findings are consistent with our understanding of market responses. In the short run, we find that the full effect of an increase in the price of energy is fully (or nearly fully)... |
| Tipo: Report |
Palavras-chave: Price-spread model; Input-output model; Variable-proportions model; Food prices; Energy prices; Input prices; Demand and Price Analysis. |
| Ano: 1997 |
URL: http://purl.umn.edu/33574 |
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| Schmitz, Andrew; Furtan, William Hartley; Schmitz, Troy G.. |
| Because of high commodity prices, beginning in 2006, subsidies to farmers in the United States, the European Union, and Canada have been reduced significantly. However, significant losses have been experienced by the red meat sector, along with escalating food prices. Because of rising input costs, the “farm boom” may not be as great as first thought. Ethanol made from corn and country-of-origin labeling cloud the U.S. policy scene. Higher commodity prices have caused some countries to lower tariff and non-tariff barriers, resulting in freer commodity trade worldwide. Policymakers should attempt to make these trade-barrier cuts permanent and should rethink current policy legislation to deal with the possibility of a collapse of world commodity markets.... |
| Tipo: Journal Article |
Palavras-chave: Agricultural policy; High commodity prices; Input prices; Agricultural and Food Policy. |
| Ano: 2009 |
URL: http://purl.umn.edu/49862 |
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