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Increasing World Grain Market Fluctuations: Implications for U.S. Agriculture

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  • Miller, Thomas A.
  • Sharples, Jerry A.
  • House, Robert M.
  • Moore, Charles V.

Abstract

Domestic and foreign import and export policies which restrict trade, along with increasing variability in exchange rates, are causing increased fluctuations in U.S. grain exports and are making U.S. farmers increasingly uncertain about the prices they can expect and about what they should produce. Farmer uncertainty reduces production, raises prices for consumers, and may accelerate structural changes in the farm sector. These problems may worsen over the next 20 years if other countries further insulate their domestic markets from variations in the world market. As export markets grow in coming decades, U.S. grain policies can be tailored to mitigate such impacts; but the alternatives may also involve undesirable side effects.

Suggested Citation

  • Miller, Thomas A. & Sharples, Jerry A. & House, Robert M. & Moore, Charles V., 1985. "Increasing World Grain Market Fluctuations: Implications for U.S. Agriculture," Agricultural Economic Reports 307997, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307997
    DOI: 10.22004/ag.econ.307997
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    References listed on IDEAS

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    2. Heimlich, Ralph E. & Wiebe, Keith D. & Claassen, Roger & Gadsby, Dwight M. & House, Robert M., 1998. "Wetlands and Agriculture: Private Interests and Public Benefits," Agricultural Economic Reports 34043, United States Department of Agriculture, Economic Research Service.
    3. Ribaudo, Marc O. & Heimlich, Ralph & Claassen, Roger & Peters, Mark, 2001. "Least-cost management of nonpoint source pollution: source reduction versus interception strategies for controlling nitrogen loss in the Mississippi Basin," Ecological Economics, Elsevier, vol. 37(2), pages 183-197, May.
    4. Ribaudo, Marc O. & Heimlich, Ralph & Peters, Mark, 2005. "Nitrogen sources and Gulf hypoxia: potential for environmental credit trading," Ecological Economics, Elsevier, vol. 52(2), pages 159-168, January.

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