1998 OUTLOOK OF THE U.S. AND WORLD WHEAT INDUSTRIES

Won W. Koo and Richard D. Taylor

No 23119, Agricultural Economics Reports from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: This report evaluates the U.S. and world wheat markets for the 1997-2007 period by using the World Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, the weather, and technological change. Both the U.S. and world wheat economies are predicted to be optimistic for the next ten years. World demands for both common and durum wheat are expected to grow faster than world production of the two wheat classes, resulting in gradual increases in prices of the wheats. World trade volumes of both classes of wheat are expected to expand, but trade volume of durum wheat may grow faster than common wheat.

Keywords: Industrial Organization; Marketing; Production Economics; International Relations/Trade (search for similar items in EconPapers)
Pages: 37
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaer:23119

DOI: 10.22004/ag.econ.23119

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