The Australian dollar is considered primarily a commodity-based currency. The high level of commodity-based exports in Australia’s trade balance is given as an explanation. Accordingly changes in world commodity prices should bring commensurate changes in the value of the Australian dollar, such that changes in world commodity prices are only partially transmitted to the Australian economy and ...

We review the recent theoretical and empirical literature on capitalization of agricultural subsidies into land prices. The predicts that are capitalized prices when supply is inelastic markets function well. share significantly depends implementation farm subsidies, local land-market institutions, rural market imperfections, spatial effects. Most studies have shown only partially prices, estim...

Access to agricultural markets and marketing information are essential factors in promoting competitive markets and improving agricultural sector development. The agricultural sector employs majorities in developing countries and it contributes greatly to the development of these countries. Unluckily, majorities of the farmers are smallholders living in isolated rural areas and thus lack approp...

Market distortions in global trade occur when a govern­ ment creates policies that increase or lower prices of imported and /or exported goods. When prices are distorted, consumers pay either less or more than they would have if the price-altering policies were not in place. In agricultural and food mar­ kets, governments tend to create pricealtering trade policies especially when global agricu...

Agricultural Outlook for 2004 . . . . . . 1 The Role of Combine Yield Monitors in the Choice of Crop Genetics . . . . . . . . . . . . . . . . 6 The Indiana Equine Industry . . . . . . . 8 What Landowners and Their Lawyers Should Know About Negotiating Coal, Oil and Gas Leases . . . . . . . . . . . . . 11 “Manure” Happens: The Future for Indiana Animal Agriculture . . . . . . . . . . . . 12 Who ...

This monograph on agricultural and food policies in Morocco discusses the effects of agricultural policy and the main forces governing public intervention and market forces during the period 1969-1991. The overall economic environment is described, and certain features of supply, demand, marketing and trade of agricultural food and non-food items are quantified, in order to identify and evaluat...

Remote agricultural lands, which include wildlife habitat, angling opportunities and scenic vistas, command higher prices per hectare in Wyoming than those whose landscape is dominated by agricultural production. Geographic information systems (GIS) data are used to measure recreational and scenic amenities associated with rural land. A hedonic price model is specified with GIS measures. It is ...

Plant-based transportation fuels were the focus of extended criticism in the press, especially during 2008 when a portion of the blame for a spike in global food prices was associated with growth of the United States’ corn ethanol industry. The critique is based on an unsophisticated portrayal of the ethical issues at stake in the food security implications of biofuel. Three ethical critiques c...