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discussion paper

United States agricultural policy: Its evolution and impact

This paper examines the development of US agricultural policy and considers how it has affected US consumers and producers, as well as how US programs affect foreign producers and consumers within the context of the United States’ obligations under…

discussion paper

Rent Dispersion in the US Agricultural Insurance Industry

A central, but inadequately explored issue with respect to subsidized crop insurance programs concerns the costs of delivering insurance coverage to farmers. This study examines that issue in the context of the heavily subsidized US crop insurance…

discussion paper

US maize data reveals adaptation to heat and water stress

Heat is a serious barrier to maize productivity increases, and heat is expected to rise as a result of climate change. Using county-level annual yields for rainfed maize for 2,616 US counties from 1980 to 2010, we conduct a multivariate, nonparametric…

discussion paper

Market interdependence and volatility transmission among major crops

This paper provides a comprehensive analysis of the dynamics of volatility between the corn, wheat, and soybean markets in the United States. Volatility interactions across markets, if they exist, may lower the effectiveness of diversification…

discussion paper

The future of global sugar markets

"Sugar is one of the most highly protected agricultural commodities worldwide. This protection depresses trade opportunities and the prices received by exporters without preferential market access. For this reason, dialogues about sugar policy are…