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The Dollar Turnaround And U.S. Agricultural Exports

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  • Krissoff, Barry
  • Morey, Art

Abstract

U.S. agricultural exports have deteriorated substantially in the 1980's. One explanation for this decline is the appreciation of the dollar over the 1979-85 period making U.S. exports less competitive in world markets. In 1986, in a sharp turnaround, the dollar's value has depreciated strongly against some of our trading partners' currencies. To analyze the movements in the value of the dollar including the 1986 turnaround, we developed a three-region world model. The model indicates that the 1984 and 1985 dollar appreciations outweigh the positive effect of the 1986 depreciation for wheat exports but the reverse is true for corn and soybean exports.

Suggested Citation

  • Krissoff, Barry & Morey, Art, 1986. "The Dollar Turnaround And U.S. Agricultural Exports," Staff Reports 277923, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277923
    DOI: 10.22004/ag.econ.277923
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    File URL: https://ageconsearch.umn.edu/record/277923/files/ers-report-278.pdf
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    References listed on IDEAS

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    1. Longmire, James L. & Morey, Art, 1983. "Strong Dollar Dampens Demand for U.S. Farm Exports," Foreign Agricultural Economic Report (FAER) 147219, United States Department of Agriculture, Economic Research Service.
    2. Dallas S. Batten & Michael T. Belongia, 1984. "The recent decline in agricultural exports: is the exchange rate the culprit?," Review, Federal Reserve Bank of St. Louis, vol. 66(Oct), pages 5-14.
    3. Haley, Stephen L. & Krissoff, Barry, 1987. "U.S. Grain Exports and the Value of the Dollar," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 39(02), pages 1-10.
    4. Dutton, John & Grennes, Thomas, "undated". "Measurement of Effective Exchange Rates Appropriate for Agricultural Trade," Department of Economics and Business - Archive 259748, North Carolina State University, Department of Economics.
    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.
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    Cited by:

    1. 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.

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