The ERS Country-Commodity Linked System: Documenting Its International Country and Regional Agricultural Baseline Models

Kim Hjort, David Boussios, Ralph Seeley and James Hansen

No 282511, Technical Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: To facilitate development of USDA’s annual 10-year agricultural projections, the Economic Research Service (ERS) maintains models of the agricultural sector of 44 major exporting and importing countries and regions, including the United States. These models, customized to the specific countries and regions, produce medium- to long-term projections of the supply and use of major agricultural commodities based on behavioral responses to world market prices, trade and domestic agricultural policies, and domestic commodity prices. ERS also uses the models for research on contemporary global or country-specific, agriculture-related issues. While the models, which together make up the Country-Commodity Linked System (CCLS), can be run in isolation, they also can be linked to simultaneously solve 24 commodity markets, obtaining equilibrium world prices and balanced trade. To increase knowledge and understanding of the models, this report describes their underlying economic structure and provides an overview of the CCLS. It also presents an illustrative example of how the models were used to examine the impact on domestic and world markets of increasing crop yields in one region of the world.

Keywords: International; Development (search for similar items in EconPapers)
Date: 2018-11
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://ageconsearch.umn.edu/record/282511/files/tb1951.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uerstb:282511

DOI: 10.22004/ag.econ.282511

Access Statistics for this paper

More papers in Technical Bulletins from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().