Date: May 29, 2008
Creator: Schnepf, Randy
Description: This report identifies the predominant factors behind the 2007/2008-crop-year market conditions for major agricultural commodities, with a focus on U.S. farm program crops. In addition, it briefly discusses how higher, more volatile commodity prices have impacted farm incomes, government farm programs, hedging activities, the livestock and food processing sectors, food prices, and the international food security situation. It reviews both the near- and longer-term commodity price outlook, and finally, it discusses various viewpoints and policy options that have been suggested as possible responses to the perceived causes and consequences of the unusually high commodity prices.
Contributing Partner: UNT Libraries Government Documents Department