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Forces that Could Expand U.S. Wheat Exports: Estimates From a World Wheat Trade Model

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  • Sharples, Jerry A.
  • Dixit, Praveen M.

Abstract

This report examines three forces that could expand U.S. wheat exports: (1) a lower wheat price support; (2) liberalization of wheat trade by the European Community, Japan, and the United States; and (3) devaluation of the U.S. dollar. Results suggest that lowering U.S. loan rates by 25 percent could enable U.S. exports to expand by 37 percent over several years. A similar expansion in wheat exports would take place if wheat trade were liberalized. The effects of devaluation are much less apparent. Aggregate indexes of the value of the dollar can give a misleading indication of expected trade impacts. It is important to identify where the dollar is changing in value, country by country.

Suggested Citation

  • Sharples, Jerry A. & Dixit, Praveen M., 1988. "Forces that Could Expand U.S. Wheat Exports: Estimates From a World Wheat Trade Model," Staff Reports 277990, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277990
    DOI: 10.22004/ag.econ.277990
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    References listed on IDEAS

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    1. Robert G. Chambers & Richard E. Just, 1981. "Effects of Exchange Rate Changes on U.S. Agriculture: A Dynamic Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 32-46.
    2. Holland, Forrest D., 1985. "Gtp: A Microcomputer Program For The Spatial Equilibrium Problem," Staff Reports 277774, United States Department of Agriculture, Economic Research Service.
    3. Gardiner, Walter H. & Dixit, Praveen M, 1987. "Price Elasticity of Export Demand: Concepts and Estimates," Foreign Agricultural Economic Report (FAER) 305286, United States Department of Agriculture, Economic Research Service.
    4. Langley, James A. & Price, J. Michael, 1985. "Implications of Alternative Moving Average Loan Rates," Agricultural Economic Reports 307994, United States Department of Agriculture, Economic Research Service.
    5. Haley, Stephen L. & Krissoff, Barry, 1986. "The Value Of The Dollar And Competitiveness Of U.S. Wheat Exports," Staff Reports 277893, United States Department of Agriculture, Economic Research Service.
    6. Krissoff, Barry & Morey, Art, 1986. "The Dollar Turnaround And U.S. Agricultural Exports," Staff Reports 277923, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Amponsah, William A. & Ofori-Boadu, Victor, 2007. "Determinants of U.S. Textile and Apparel Trade," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 10(2), pages 1-20.
    2. Noel D. Uri & Roy Boyd, 1997. "The Effects of Reducing the Motor Fuels Excise Tax on Agriculture in the United States," Energy & Environment, , vol. 8(1), pages 45-63, March.
    3. Haley, Stephen L., 1988. "Targeting Of U.S. Agricultural Export Subsidies: A Theoretical Analysis," Staff Reports 278018, United States Department of Agriculture, Economic Research Service.
    4. Haley, Stephen L., 1989. "Evaluation Of Export Enhancement, Dollar Depreciation, And Loan Rate Reduction For Wheat," Staff Reports 278157, United States Department of Agriculture, Economic Research Service.
    5. Doroodian, Khosrow & Boyd, Roy, 1995. "The Effectiveness of Export Promotion Policies in a General Equilibrium Framework: The Case of the Philippines," Philippine Journal of Development JPD 1995 Vol. XXII No. 2-, Philippine Institute for Development Studies.

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