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A Reexamination of the U.S. Export Demand for Soybeans and Soybean Products AgEcon
Uri, Noel D.; Hyberg, Bengt.
This paper addresses the question of whether the export demand for soybeans and soybean products changed structurally over the 1950 to 1992 period as the U.S. agricultural sector became more integrated with the rest of the world economy. The results suggest that export demands were stable for soybeans, soybean meal and soybean oil over the sample period. Moreover, it is possible to infer conclusively that the long-run soybean and soybean product export price elasticities were in the elastic range. The implications include that for each one percent reduction in the price of soybeans, soybean meal and/or soybean oil brought about through a government program, exports increased by more than one percent, leading to a reduction in the variability of soybean and...
Tipo: Journal Article Palavras-chave: Export demand; Export price elasticities; Soybeans; Soybean meal; Soybean oil; Agribusiness; Crop Production/Industries; Demand and Price Analysis; International Relations/Trade.
Ano: 1994 URL: http://purl.umn.edu/90645
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DIFFERENTIATION AND IMPLICIT PRICES OF U.S. WHEAT EXPORTS AgEcon
Uri, Noel D.; Hyberg, Bengt.
This investigation looks at whether the grade determining and official criteria factors identified by the Federal Grain Inspection Service influence the price of wheat for export and, in turn, the competitiveness of United States wheat in the world market. Using data on the transactions price for hard red winter wheat, hard red spring wheat, and soft white wheat and the associated quality characteristics covering the period January 1990 through December 1991 and exported to 63 countries, the results suggest that the test weight, the percentage of shrunken and broken kernels, the protein content, the presence of aflatoxin, the presence of insects, and the falling number are characteristics consistently valued by the market.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; International Relations/Trade.
Ano: 1996 URL: http://purl.umn.edu/27068
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The Effect of the Sugar Program on the U.S. Economy: A General Equilibrium Analysis AgEcon
Boyd, Roy; Uri, Noel D..
This study examines the effect of the sugar tariff-rate import quota program on the U.S. economy. Based on a computable general equilibrium model, the analysis suggests that a complete elimination of the sugar program will reduce output for all producing sectors by about $2.85 billion. For producing sectors in addition to the agriculture-program crops, crude oil and petroleum refining sectors, output will increase by about $2.98 billion. Additionally, there will be an increase of about $197 million on $121 million in the consumption of goods and services and in welfare, respectively. The government sector realizes a reduction in revenue of about $15 million.
Tipo: Journal Article Palavras-chave: General equilibrium model; Consumer welfare; Sugar program; Tariff-rate quota; Agribusiness; International Relations/Trade.
Ano: 1993 URL: http://purl.umn.edu/62335
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