Forces that Could Expand U.S. Wheat Exports: Estimates From a World Wheat Trade Model

Jerry A. Sharples and Praveen M. Dixit

No 277990, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: This report examines three forces that could expand U.S. wheat exports: (1) a lower wheat price support; (2) liberalization of wheat trade by the European Community, Japan, and the United States; and (3) devaluation of the U.S. dollar. Results suggest that lowering U.S. loan rates by 25 percent could enable U.S. exports to expand by 37 percent over several years. A similar expansion in wheat exports would take place if wheat trade were liberalized. The effects of devaluation are much less apparent. Aggregate indexes of the value of the dollar can give a misleading indication of expected trade impacts. It is important to identify where the dollar is changing in value, country by country.

Keywords: Crop Production/Industries; International Relations/Trade (search for similar items in EconPapers)
Pages: 36
Date: 1988-01
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:277990

DOI: 10.22004/ag.econ.277990

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