Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Spatial Analysis Of Illinois Agricultural Cash Rents, Shannon Woodard, Nicholas Paulson, Kathy Baylis, Joshua Woodard
Spatial Analysis Of Illinois Agricultural Cash Rents, Shannon Woodard, Nicholas Paulson, Kathy Baylis, Joshua Woodard
Kathy Baylis
During the summer of 2008, corn futures prices rose 119.8% compared to the previous year. The resulting nominal prices were the highest in history. Anecdotal evidence implied that much of these benefits accrued to land owners through increased land values and cash rent levels. In this article, we use unique farm-level data and novel spatial econometric tools to determine how farmland rents are affected by changes in commodity prices and government payment levels. Contrary to predictions from the Ricardian rent model, we find that tenant farmers are able to capture the vast majority of price increases and a large fraction …
Something Fishy In Seafood Trade? The Relationship Between Tariff And Non-Tariff Barriers, Kathy Baylis, Lia Nogueira, Kathryn Pace
Something Fishy In Seafood Trade? The Relationship Between Tariff And Non-Tariff Barriers, Kathy Baylis, Lia Nogueira, Kathryn Pace
Kathy Baylis
As importing countries honor WTO commitments and lower tariff rates, they may be replacing traditional tariff barriers with non-tariff barriers. Recent literature has found that the implementation of food safety standards, specifically the use of import notifications and rejections, has acted as a significant barrier to trade in both the EU and the US. This article estimates the relation between declining tariff rates and the use of non-tariff barriers, measured by a count of EU seafood import notifications. We divide the motives for the use of import notifications into risk and protectionism. The results show that while non-tariff barriers are …
Policy Risk In The Canadian Dairy Industry, Lia Nogueira, Richard Barichello, Kathy Baylis, Hayley Chouinard
Policy Risk In The Canadian Dairy Industry, Lia Nogueira, Richard Barichello, Kathy Baylis, Hayley Chouinard
Kathy Baylis
Canadian dairy farmers purchase a marketing quota through the Provincial Marketing Boards to sell milk in Canada. That quota captures rents created by regulations and is subject to policy risk. We define policy risk as the farmers' expectation that quota rents will decline or disappear over time. We calculate the effect of perceived policy risk to determine whether the Uruguay Round Agreement affected the amount of protection given to farmers. Calculated policy risk ranged from 14-29%. Policy risk increased in the years leading up to the Uruguay Round Agreement, but decreased after the WTO was established and remains at a …