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Increasing World Market Fluctuations And U. S. Agriculture: A Summary Of Implications

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  • Miller, Thomas A.

Abstract

Restrictive trade policies of both grain importing and exporting .countries and increasing variability in the world monetary system are causing increased fluctuations in U.S. grain exports and.increased price uncertainty for U.S. producers. This uncertainty reduces production efficiency and economic welfare, and affects the financial organization and structure of U.S. agriculture. While these problems will likely continue and may worsen over the next 20 years, policies to share or ameliorate such effects are costly and have other undesirable side-effects. U.S. grain policy alternatives must recognize linkages between increasingly variable world grain markets and U.S. agriculture.

Suggested Citation

  • Miller, Thomas A., 1984. "Increasing World Market Fluctuations And U. S. Agriculture: A Summary Of Implications," Staff Reports 277649, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277649
    DOI: 10.22004/ag.econ.277649
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    File URL: https://ageconsearch.umn.edu/record/277649/files/ers-report-155.pdf
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    References listed on IDEAS

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    1. Bain, Robert A., 1981. "Changes in the International Grain Trade in the 1980's," Foreign Agricultural Economic Report (FAER) 147123, United States Department of Agriculture, Economic Research Service.
    2. Robinson, K.L., 1975. "Unstable Farm Prices: Economic Consequences and Policy Options," 1975 Annual Meeting, August 10-13, Columbus, Ohio 284106, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. James K. Binkley, 1983. "Marketing Costs and Instability in the International Grain Trade," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 57-64.
    4. K. L. Robinson, 1975. "Unstable Farm Prices: Economic Consequences and Policy Options," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(5), pages 769-777.
    5. Luther Tweeten, 1983. "Economic Instability in Agriculture: The Contributions of Prices, Government Programs and Exports," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 922-931.
    6. Blandford, David & Schwartz, Nancy, 1982. "World Wheat Price Variability: Changes in its Magnitude and Source," Staff Papers 183975, Cornell University, Department of Applied Economics and Management.
    7. D. Gale Johnson, 1975. "World Agriculture, Commodity Policy, and Price Variability," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(5), pages 823-828.
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    Cited by:

    1. Nobe, Kenneth C. & Fruin, Jerry E. & Miller, Thomas A. & Skold, Melvin D. & Trock, Warren L., 1986. "The Agricultural Crisis in Colorado: Causes, Future Prospects and State-Level Response Options," Research Reports 113133, Colorado State University, Department of Agricultural and Resource Economics.

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