We survey the recent empirical and theoretical developments in the literature on the relation between prices and exchange rates. After updating some of the major findings in the empirical literature we present a simple framework to interpret this evidence. We review theoretical models that generate insensitivity of prices to exchange rate changes through variable markups, both under flexible pr...

Marginal farm land is land characterised by low food, feed and fodder crop productivity due to soil and environmental limitations. Such land may however be utilised for bio-energy crop production. We investigate the economic viability of small scale combined heat and power anaerobic digestion (CHP AD) projects based on feedstock from farm waste and bio-energy crops grown on a representative tem...

Uaiene, Rafael N., M.S., Purdue University, December, 2004. Maize and Sorghum Technologies and the Effects of Marketing Strategies on Farmers’ Income in Mozambique. Major Professor: John H. Sanders, College of Agriculture. About three-quarter of Mozambicans depend on agriculture for their livelihoods. Maize and sorghum are major crops and food staples. Given limited off-farm employment opportun...

Of all markets, the land market has been thought independent variables.2 Respondents were asked to to be one of the most difficult to explain. Techniques report on one randomly selected 1970 transaction for predicting land prices leave much to be desired. with which they were familiar. Of the 155 Nevertheless, the importance of this market continues questionnaires sent, 63 were returned with es...

Four years ago, as the temperature of rhetoric in the food-versus-fuel debate rose with the prices of corn and oil, Farm Foundation asked three economists from Purdue University to take an objective look at the complex forces that were driving food prices. While oil prices are not at 2008 levels this summer, drought and high temperatures are pushing corn and soybean prices to record levels, and...

This paper offers an economic assessment of the opportunities and challenges provided by the WTO’s Doha Development Agenda, particularly through agricultural trade liberalization, for low-income countries seeking to trade their way out of poverty. After discussing links between poverty, economic growth and trade, it reports modelling results showing that farm product markets remain the most cos...

The purpose of this paper was to identify effective dairy farm management adjustments related to recent structural changes in agricultural commodity markets because of expanded biofuels production and other market factors. We developed a mathematical programming model of a representative dairy farm in New York State to estimate the effects of changes in the relative prices of important feed com...