Making sense of commodity markets: FAPRI-MU outlook and policy implications
Declining prices have followed two recent price spikes in 2007/08 and 2010/11 to 2012/13 that brought an era of higher and more volatile commodity prices that is quite different from the previous years of depressed prices. Declining petroleum prices combined with excellent global harvests brought th...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University of Banja Luka - Faculty of Agriculture, Banja Luka
2015-01-01
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| Series: | Agroznanje |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2233-0070/2015/2233-00701504455M.pdf |
| _version_ | 1797205115368636416 |
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| author | Meyers William H. Schroeder Kateryna G. |
| author_facet | Meyers William H. Schroeder Kateryna G. |
| author_sort | Meyers William H. |
| collection | DOAJ |
| description | Declining prices have followed two recent price spikes in 2007/08 and 2010/11 to 2012/13 that brought an era of higher and more volatile commodity prices that is quite different from the previous years of depressed prices. Declining petroleum prices combined with excellent global harvests brought the lowest market prices in many years. Are current policies tuned to these market conditions? We begin with a review of past policy evolution that took place in the European Union (EU) and United States (US), and then look at recent reforms and prospects for policy changes in the context of likely changes in the global market and policy environment over the next decade. Since agricultural policies generally evolve in response to internal and external pressures in a political economy context, we explore how the outlook of commodity markets may influence the directions of policies and the decision making environment for farmers. |
| first_indexed | 2024-04-24T08:45:59Z |
| format | Article |
| id | doaj.art-feea88761fed4fe9a6af5cd9695adb9b |
| institution | Directory Open Access Journal |
| issn | 2233-0070 |
| language | English |
| last_indexed | 2024-04-24T08:45:59Z |
| publishDate | 2015-01-01 |
| publisher | University of Banja Luka - Faculty of Agriculture, Banja Luka |
| record_format | Article |
| series | Agroznanje |
| spelling | doaj.art-feea88761fed4fe9a6af5cd9695adb9b2024-04-16T13:35:03ZengUniversity of Banja Luka - Faculty of Agriculture, Banja LukaAgroznanje2233-00702015-01-0116445546510.7251/AGREN1504455M2233-00701504455MMaking sense of commodity markets: FAPRI-MU outlook and policy implicationsMeyers William H.0Schroeder Kateryna G.1University of Missouri, Food and Agricultural Policy Research Institute, Columbia, USAUniversity of Missouri, Food and Agricultural Policy Research Institute, Columbia, USADeclining prices have followed two recent price spikes in 2007/08 and 2010/11 to 2012/13 that brought an era of higher and more volatile commodity prices that is quite different from the previous years of depressed prices. Declining petroleum prices combined with excellent global harvests brought the lowest market prices in many years. Are current policies tuned to these market conditions? We begin with a review of past policy evolution that took place in the European Union (EU) and United States (US), and then look at recent reforms and prospects for policy changes in the context of likely changes in the global market and policy environment over the next decade. Since agricultural policies generally evolve in response to internal and external pressures in a political economy context, we explore how the outlook of commodity markets may influence the directions of policies and the decision making environment for farmers.https://scindeks-clanci.ceon.rs/data/pdf/2233-0070/2015/2233-00701504455M.pdfeuropean unionunited statesagricultural policycapcommodity markets outlook |
| spellingShingle | Meyers William H. Schroeder Kateryna G. Making sense of commodity markets: FAPRI-MU outlook and policy implications Agroznanje european union united states agricultural policy cap commodity markets outlook |
| title | Making sense of commodity markets: FAPRI-MU outlook and policy implications |
| title_full | Making sense of commodity markets: FAPRI-MU outlook and policy implications |
| title_fullStr | Making sense of commodity markets: FAPRI-MU outlook and policy implications |
| title_full_unstemmed | Making sense of commodity markets: FAPRI-MU outlook and policy implications |
| title_short | Making sense of commodity markets: FAPRI-MU outlook and policy implications |
| title_sort | making sense of commodity markets fapri mu outlook and policy implications |
| topic | european union united states agricultural policy cap commodity markets outlook |
| url | https://scindeks-clanci.ceon.rs/data/pdf/2233-0070/2015/2233-00701504455M.pdf |
| work_keys_str_mv | AT meyerswilliamh makingsenseofcommoditymarketsfaprimuoutlookandpolicyimplications AT schroederkaterynag makingsenseofcommoditymarketsfaprimuoutlookandpolicyimplications |