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Brazilian Soybean Policy: The International Effects of Intervention

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  • Gary W. Williams
  • Robert L. Thompson

Abstract

This paper examines the effects of the complex set of Brazilian soybean sector policies on the world soybean and products market. Brazilian policy makers have intended to encourage domestic crushing of soybeans and exports of processed rather than raw soybeans. Removal of the Brazilian policy set for the period 1960–78 is simulated with an econometric model of the world soybean market. The results indicate that the intervention objectives were not achieved. Moreover, the U.S. soybean industry has benefited from the policies.

Suggested Citation

  • Gary W. Williams & Robert L. Thompson, 1984. "Brazilian Soybean Policy: The International Effects of Intervention," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(4), pages 488-498.
    • Handle: RePEc:oup:ajagec:v:66:y:1984:i:4:p:488-498.
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    File URL: http://hdl.handle.net/10.2307/1240928
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    Cited by:

    1. Awad, Taleb Mohammad, 1987. "International monetary and exchange rate policies and world agricultural markets: the case of soybeans and soybean products," ISU General Staff Papers 198701010800009611, Iowa State University, Department of Economics.
    2. Thibault Fally & James Sayre, 2018. "Commodity Trade Matters," 2018 Meeting Papers 172, Society for Economic Dynamics.
    3. Yamazaki, Fumiko & Paarlberg, Philip L. & Thursby, Marie, 1992. "The Conduct of the World Soybean Processing Industry," Occasional Papers 233092, Regional Research Project NC-194: Organization and Performance of World Food Systems.
    4. Richey, Bobby G., Jr. & Williams, Gary W., 1987. "The Effects of Component Pricing on the U.S. Soybean Industry: A Dynamic Simulation Analysis," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270142, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Rosson, C. Parr & Nyankori, James C. O. & Rathwell, P. J., 1987. "Potential for Increasing U.S-Canadian Trade in Fresh Peaches," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270129, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Luo, Ji & Williams, Gary W., 2015. "The Impacts of Chinese Exchange Rate Policy on World Soybean and Products Markets," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205075, Agricultural and Applied Economics Association.
    7. Davis, George C. & Hammig, Michael D. & Rosson, C. Parr, III, 1986. "Impact of a European Economic Community Vegetable Oils Tax on U.S. Soybean Exports," Working Papers 116876, Clemson University, Department of Agricultural and Applied Economics.
    8. Baffes, John & Houston, Jack E. & Ames, Glenn C. W., 1987. "A Continuous Time Disequilibrium Model for the World Soybean Meal Market," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269960, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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