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1999 Outlook Of The U.S. And World Wheat Industries, 1998-2008

Author

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  • Koo, Won W.
  • Taylor, Richard D.

Abstract

This report evaluates the U.S. and world wheat markets for the 1998-2008 period by using the World Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, the weather, and technological change. Both the U.S. and world wheat economies are predicted to be optimistic for the next ten years. World demands for both common and durum wheat are expected to grow faster than world production of the two wheat classes, resulting in gradual increases in prices of the wheats. World trade volumes of both classes of wheat are expected to expand, but trade volume of durum wheat may grow faster than common wheat.

Suggested Citation

  • Koo, Won W. & Taylor, Richard D., 1999. "1999 Outlook Of The U.S. And World Wheat Industries, 1998-2008," Agricultural Economics Reports 23222, North Dakota State University, Department of Agribusiness and Applied Economics.
  • Handle: RePEc:ags:nddaer:23222
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    File URL: http://purl.umn.edu/23222
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    References listed on IDEAS

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    1. Askari, Hossein & Cummings, John Thomas, 1977. "Estimating Agricultural Supply Response with the Nerlove Model: A Survey," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 257-292, June.
    2. Koo, Won W. & Park, Chang J., 1988. "Econometric Analysis of Livestock Products Demand in Korea and Its Implications in the Korean Feed Grain Industry," Agricultural Economics Reports 23471, North Dakota State University, Department of Agribusiness and Applied Economics.
    3. Shoichi Ito & E. Wesley F. Peterson & Warren R. Grant, 1989. "Rice in Asia: Is It Becoming an Inferior Good?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 32-42.
    4. Kym Anderson & Peter G. Warr, 1985. "General Equilibrium Effects of Agricultural Price Distortions: A Simple Model for Korea," School of Economics Working Papers 1985-01, University of Adelaide, School of Economics.
    5. LaFrance, Jeffrey T. & Burt, Oscar R., 1983. "A Modified Partial Adjustment Model Of Aggregate U.S. Agricultural Supply," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(01), July.
    6. Colin A. Carter, 1988. "Trade Liberalization in the Grain Markets," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 36(4), pages 633-641, December.
    7. Laurian J. Unnevehr, 1986. "Consumer Demand for Rice Grain Quality and Returns to Research for Quality Improvement in Southeast Asia," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 634-641.
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