The Current Farm Downturn versus the 1920s and 1980s Farm Crises: An Economic and Regulatory Comparison
In: Agricultural Finance Review, 78(4), https://www.emerald.com/insight/content/doi/10.1108/AFR-08-2017-0075/full/html
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In: Agricultural Finance Review, 78(4), https://www.emerald.com/insight/content/doi/10.1108/AFR-08-2017-0075/full/html
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In: Food Policy, Vol. 105
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In: American Journal of Agricultural Economics, Band 100, Heft 3
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In: Center for Agricultural and Rural Development (CARD) Policy Brief 21-PB 35
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In: Applied economic perspectives and policy, Band 43, Heft 1, S. 225-247
ISSN: 2040-5804
AbstractThe COVID‐19 pandemic is crippling the global economy and heightening distrust and political disagreements among major countries. Furthermore, ongoing deglobalization efforts taken by firms and countries are fueling the rise of economic nationalism. A prime example is the possible decoupling of US–China economic and trade relations, which the ongoing trade war has already significantly disrupted. This paper analyzes the impacts of COVID‐19 on US agricultural exports to China, especially the added delays and uncertainty regarding China's food imports meeting the US–China phase one trade deal target. I present the views of US farmers and the general public toward China and argue that healthy US–China agricultural trade relations are not only critical for both countries but welcomed by US farmers. I also discuss the possible rise in nontariff barriers following the pandemic as well as trade policies that are increasingly intertwined with political tensions. Finally, I discuss how the US–China phase one trade deal could possibly lead to a more balanced bilateral agricultural trade portfolio with greater share of protein and retail food products.
Farmers in China and many other developing countries suffer from low technical efficiency of chemical fertilizer use, which leads to excessive nutrient runoff and other environmental problems. A major cause of the low efficiency is lack of science-based information and recommendations for nutrient application. In response, the Chinese government launched an ambitious nationwide program called the &ldquo ; Soil Testing and Fertilizer Recommendation Project&rdquo ; (STFRP) in 2005 to increase the efficiency of chemical fertilizer use. However, there has been no systematic evaluation of this program. Using data from a nationally representative household survey, and using wheat as an example, this paper first quantifies the technical efficiency of chemical fertilizer use (TEFU) by conducting stochastic frontier analysis (SFA), then evaluates the impact of STFRP on the TEFU using a generalized difference-in-difference approach. We found that STFRP, on average, increased TEFU in wheat production by about 4%, which was robust across various robustness checks. The lessons learned from STFRP will be valuable for China&rsquo ; s future outreach efforts, as well as for other countries considering similar nutrient management policies.
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U.S. farmers have suffered a lot in the past few years: The trade war with China , natural disasters and the COVID-19 pandemic have all resulted in substantial losses for many producers.
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In: American Journal of Agricultural Economics, Band 100, Heft 3, S. 868-888
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In: Applied economic perspectives and policy, Band 45, Heft 4, S. 2255-2280
ISSN: 2040-5804
AbstractUsing 589 responses to the 2019 Iowa Farm Transfer Survey, we examine factors in farm successor choices among Iowa farmers with a focus on female successors and landowners. Among those with identified successors, 57% chose sons and 8% chose daughters. We find a 12.4% probability a female farmer will choose a daughter, but only 5.9% for a male farmer. Agriculture experience increases the probability of choosing a daughter from 5.4% to 20.7% and from 36.3% to 65.2% for a son. Our paper reveals striking evidence of gender imbalance in farm succession, transfer, and inheritance decisions of US farms.
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