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US Policy Contributions to Agricultural Commodity Price Fluctuations, 2006-12

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  • Gordon C. Rausser
  • Harry de Gorter

Abstract

Since 2006, global prices and price volatility for foodgrain commodities have spiked frequently and dramatically. Such spikes have had the heaviest economic and social impact on developing nations, where agriculture accounts for a sizable portion of economic activity. We demonstrate how US public policies have contributed to these spikes. We first assess the impacts of US agricultural and macroeconomic policies on basic food commodity markets in the United States and their spillover effects on world markets prior to 2006.

Suggested Citation

  • Gordon C. Rausser & Harry de Gorter, 2013. "US Policy Contributions to Agricultural Commodity Price Fluctuations, 2006-12," WIDER Working Paper Series wp-2013-033, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2013-033
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    References listed on IDEAS

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    Cited by:

    1. Johan F. M. Swinnen & Louise Knops & Kristine van Herck, 2013. "Food Price Volatility and EU Policies," WIDER Working Paper Series wp-2013-032, World Institute for Development Economic Research (UNU-WIDER).
    2. Knops, Louise & van Herck, Kristine & Swinnen, Johan F. M., 2013. "Food Price Volatility and EU Policies," WIDER Working Paper Series 032, World Institute for Development Economic Research (UNU-WIDER).
    3. Wang, Jue & Wang, Zhen & Li, Xiang & Zhou, Hao, 2022. "Artificial bee colony-based combination approach to forecasting agricultural commodity prices," International Journal of Forecasting, Elsevier, vol. 38(1), pages 21-34.
    4. McKay, Andy & Tarp, Finn, 2014. "Distributional impacts of the 2008 global food price spike in Vietnam," WIDER Working Paper Series 030, World Institute for Development Economic Research (UNU-WIDER).
    5. Andy McKay & Finn Tarp, 2014. "Distributional Impacts of the 2008 Global Food Price Spike in Vietnam," WIDER Working Paper Series wp-2014-030, World Institute for Development Economic Research (UNU-WIDER).

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