IDEAS home Printed from https://ideas.repec.org/p/ags/aaea26/404680.html

Intra-Annual Timing of Discretionary Agricultural Trade Interventions

Author

Listed:
  • MIller, Steve
  • Koppa, Nisha
  • Binte Ali, Suraiya
  • Jarrett, Uchechukwu

Abstract

Weexamine the intra-annual timing of discretionary agricultural trade interventions for maize, rice, and wheat. Relating intervention timing to production cycles reveals that many interventions occur during growing seasons when policymakers lack complete harvest information. Based on this observation, we ask whether hypothesized drivers of intervention– international price and domestic yield– are more strongly related to intervention probability during different parts of the production cycle. We find strong associations between intervention and two yield signals at different times: realized yield with some delay after harvest and satellite-derived proxies for crop conditions during the season. Prices are consistently associated with intervention throughout the year.

Suggested Citation

  • MIller, Steve & Koppa, Nisha & Binte Ali, Suraiya & Jarrett, Uchechukwu, 2026. "Intra-Annual Timing of Discretionary Agricultural Trade Interventions," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri 404680, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea26:404680
    DOI: 10.22004/ag.econ.404680
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/404680/files/177634_197948_115232_AgTradePolicyTiming_Updated-compressed.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.404680?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Anderson, Kym & Nelgen, Signe, 2012. "Trade Barrier Volatility and Agricultural Price Stabilization," World Development, Elsevier, vol. 40(1), pages 36-48.
    2. Will Martin & Abdullah Mamun & Nicholas Minot, 2026. "Implications of Food Trade Policy for Domestic and International Food Price Volatility," Agricultural Economics, International Association of Agricultural Economists, vol. 57(2), March.
    3. Gert Peersman, 2022. "International Food Commodity Prices and Missing (Dis)Inflation in the Euro Area," The Review of Economics and Statistics, MIT Press, vol. 104(1), pages 85-100, March.
    4. Christophe Gouel & Sébastien Jean, 2015. "Optimal Food Price Stabilization in a Small Open Developing Country," The World Bank Economic Review, World Bank, vol. 29(1), pages 72-101.
    5. Giordani, Paolo E. & Rocha, Nadia & Ruta, Michele, 2016. "Food prices and the multiplier effect of trade policy," Journal of International Economics, Elsevier, vol. 101(C), pages 102-122.
    6. Allan Hsiao & Jacob Moscona & Karthik A. Sastry, 2026. "Food Policy in a Warming World," Econometrica, Econometric Society, vol. 94(2), pages 537-572, March.
    7. Jasmien De Winne & Gert Peersman, 2021. "The Impact of Food Prices on Conflict Revisited," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 39(2), pages 547-560, March.
    8. Hans G. Jensen & Kym Anderson, 2017. "Grain Price Spikes and Beggar-thy-Neighbor Policy Responses: A Global Economywide Analysis," The World Bank Economic Review, World Bank, vol. 31(1), pages 158-175.
    9. Hélène Erkel‐Rousse & Daniel Mirza, 2002. "Import price elasticities: reconsidering the evidence," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 35(2), pages 282-306, May.
    10. Xi He, 2022. "Political and economic determinants of export restrictions in the agricultural and food sector," Agricultural Economics, International Association of Agricultural Economists, vol. 53(3), pages 439-453, May.
    11. Headey, Derek, 2011. "Rethinking the global food crisis: The role of trade shocks," Food Policy, Elsevier, vol. 36(2), pages 136-146, April.
    12. Kyle Handley & Nuno Limão, 2022. "Trade Policy Uncertainty," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 363-395, August.
    13. repec:fpr:gsspwp:140687 is not listed on IDEAS
    14. Alessandro Olper & Daniele Valenti & Valentina Raimondi & Daniele Curzi, 2023. "The EU enlargements treatment effect on agricultural policy," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(2), pages 1134-1153, June.
    15. Christophe Gouel, 2016. "Trade Policy Coordination and Food Price Volatility," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(4), pages 1018-1037.
    16. Munisamy Gopinath, 2021. "Does Trade Policy Uncertainty Affect Agriculture?," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 604-618, June.
    17. repec:fpr:ifprid:2246 is not listed on IDEAS
    18. Mamun, Abdullah & Laborde Debucquet, David, 2024. "Role of international price and domestic inflation in triggering export restrictions on food commodities," IFPRI discussion papers 2246, International Food Policy Research Institute (IFPRI).
    19. Pieters, Hannah & Swinnen, Johan, 2016. "Trading-off volatility and distortions? Food policy during price spikes," Food Policy, Elsevier, vol. 61(C), pages 27-39.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Binte Ali, Suraiya & Jarrett, Uchechukwu & Koppa, Nisha & Miller, Steve J., 2026. "Hedging against Climate Change Risk with Trade: Heat stress and Global Agricultural Markets," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri 404678, Agricultural and Applied Economics Association.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cai, Yan & Li, Yanyun & Lin, Faqin & Yan, Wenshou, 2025. "The direct and indirect effects of trade policy uncertainty on the volatility of world agricultural prices," Journal of Asian Economics, Elsevier, vol. 100(C).
    2. Will Martin & Abdullah Mamun & Nicholas Minot, 2026. "Implications of Food Trade Policy for Domestic and International Food Price Volatility," Agricultural Economics, International Association of Agricultural Economists, vol. 57(2), March.
    3. Estrades, Carmen & Flores, Manuel & Lezama, Guillermo, "undated". "The Role of Export Restrictions in Agricultural Trade," Commissioned Papers 256421, International Agricultural Trade Research Consortium.
    4. Bradford, Scott C. & Negi, Digvijay Singh & Ramaswami, Bharat, 2022. "International risk sharing for food staples," Journal of Development Economics, Elsevier, vol. 158(C).
    5. Kuhla, Kilian & Kubiczek, Patryk & Otto, Christian, 2025. "Understanding agricultural market dynamics in times of crisis: The dynamic agent-based network model Agrimate," Ecological Economics, Elsevier, vol. 231(C).
    6. Nes, Kjersti & Schaefer, K. Aleks & Yu, Jisang, 2025. "Economic impacts of the Indian ban on non-Basmati rice exports," Food Policy, Elsevier, vol. 134(C).
    7. Kym Anderson, 2023. "Agriculture's globalization: Endowments, technologies, tastes and policies," Journal of Economic Surveys, Wiley Blackwell, vol. 37(4), pages 1314-1352, September.
    8. Anderson, Kym, 2022. "Trade-related food policies in a more volatile climate and trade environment," Food Policy, Elsevier, vol. 109(C).
    9. Jayson Beckman & Carmen Estrades & Angel Aguiar, 2019. "Export taxes, food prices and poverty: a global CGE evaluation," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 11(1), pages 233-247, February.
    10. Christophe Gouel, 2016. "Trade Policy Coordination and Food Price Volatility," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(4), pages 1018-1037.
    11. Wenshou Yan, 2016. "Political Economy of Trade and Storage Policies Coordination, and the Role of Domestic Public Storage in the World Market," Adelaide Economics Working Papers 2016-16, Adelaide University, School of Economics.
    12. Kym Anderson, 2022. "Agriculture in a more uncertain global trade environment," Agricultural Economics, International Association of Agricultural Economists, vol. 53(4), pages 563-579, July.
    13. David R Just, 2023. "On the policy relevance of agricultural economics," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 50(4), pages 1256-1276.
    14. Brockhaus, Jan & Kalkuhl, Matthias, 2015. "Grain emergency reserve cooperation – A theoretical analysis of benefits from a common emergency reserve," 2015 Conference, August 9-14, 2015, Milan, Italy 212767, International Association of Agricultural Economists.
    15. Vasilii Erokhin & Tianming Gao, 2020. "Impacts of COVID-19 on Trade and Economic Aspects of Food Security: Evidence from 45 Developing Countries," IJERPH, MDPI, vol. 17(16), pages 1-28, August.
    16. Nakelse, Tebila & Dalton, Timothy J. & Hendricks, Nathan P. & Hodjo, Manzamasso, 2018. "Are smallholder farmers better or worse off from an increase in the international price of cereals?," Food Policy, Elsevier, vol. 79(C), pages 213-223.
    17. Steve McCorriston & Donald MacLaren, 2024. "Market intermediaries, storage and policy reforms," Journal of Agricultural Economics, Wiley Blackwell, vol. 75(1), pages 114-136, February.
    18. Fabio Gaetano Santeramo & Emilia Lamonaca, 2019. "On the drivers of global grain price volatility: an empirical investigation," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 65(1), pages 31-42.
    19. Martin, Will & Mamun, Abdullah & Minot, Nicholas, 2024. "Food trade policy and food price volatility," IFPRI discussion papers 2253, International Food Policy Research Institute (IFPRI).
    20. Ferguson, Shon & Ubilava, David, 2022. "Global commodity market disruption and the fallout," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(04), January.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea26:404680. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.