The early 21st century has seen a prolonged price boom in non-fuel commodities, coupled with a volatile performance in fuel prices. This new collection presents the latest research on commodity prices and economic development in the context of this changing globalized economy. Global Commodity Markets and Development Economics brings together analyses from a number of perspectives in order to explore commodity price developments. Chapters explore long term commodity trends, the evolution of relative price developments, the relationship of the domestic commodity sector with global supply chains, agri-food prices, and the role of oil markets in the global economy. Through considering a diverse range of countries including China, Russia and the United States, the authors examine key fuel and non-fuel commodity markets and offer a window into important trends and developments. This book will be relevant to those with an interest in development economics, international economics and energy markets.

This book answers the questions: What is happening to American agriculture, and why? Steven C. Blank uses portfolio theory to analyze both macro- and microeconomic data that paints a clear picture of the trends in agriculture, and explains why these trends are consistent with market evolution and global economic development. He clarifies agriculture's specific role in economic development with a focus on the current and future globalizing commodity markets.The book features empirical research that demonstrates the link between farm-level investment decisions and regional and national economic trends. It shows how the dynamic environment of industrialization and globalization of agriculture is part of a continuing development that is driven by technological innovation. This all points to a future with a very different agricultural production sector and some extremely important policy choices that will face the entire country.

Microeconomic modeling has been an important tool for agricultural economists for several decades and promises to be important for ad-dressing the research problems of the 1980s as well. This volume explores the possibilities for using micromodeling to analyze how individual farm businesses react to and are affected by farm policies. Although this purpose represents only one potential use of micro-modeling, effective modeling for policy analysis necessitates a broad look from several historical, analytical, and institutional perspectives. The Micromodeling Conference held November 18-20, 1981, at Airlie House, Virginia, under the auspices of the U.S. Department of Agri-culture's Economic Research Service and the Farm Foundation reflected these concerns.

Discover farming techniques that will decrease soil erosion and costs! Soil erosion from U.S. croplands has long been recognized as a national problem. Conservation Tillage in U.S. Agriculture: Environmental, Economic, and Policy Issues is the first ever complete study of the costs and benefits of using conservation tillage to prevent soil erosion. Designed for professionals working in the areas of soil science, agronomy, economics, environmental studies, and agriculture, this complete study covers everything from machinery and trends in conservation tillage to its adoption to use in regions of the United States. With this in-depth manual, you will examine different types of tillage and the many benefits this practice can ensure, such as improving water quality, increasing organic matter in your soil, sequestering carbon, and providing habitat and food for wildlife. Covering the economic, environmental, and policy issues of this practice, Conservation Tillage in U.S. Agriculture features: the history of conservation tillage case studies on costs and benefits of differing conservation tillage practices with various crops tables and graphs of trends, and case studies concerning the use of different farming methods U.S. Department of Agriculture soil conservation policies how to prevent soil erosion without harming the environment factors affecting conservation tillage, adoption, and use for crops such as peanuts, potatoes, beets, tobacco, and vegetables. With the help of this book, you will measure the benefits and costs of conservation tillage based on profitability and environmental impact and explore the positive and negative environmental consequences that may involve air, land, water, and/or the health and ecological status of wildlife. Conservation Tillage in U.S. Agriculture is a timely and informative look at conservation tillage practices that will help you improve residue management and create better conditions for wildlife and the environment.