Reshuffling in Soybean Markets following Chinese Tariffs

Cowley, Cortney

doi:10.18651/er/v105n1cowley

Cited by 6 publications

(5 citation statements)

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“…These long‐run investments include, for example, expansions in cropland area in the Cerrado, transportation infrastructure, and R&D investments. For example, Chinese tariffs on US soybeans created an incentive to expand soybean production in Brazil (Cowley, 2020).…”

Section: Export Market Considerations For Paid Diversionsmentioning

confidence: 99%

“…One reason for this concern is that the decrease in exports could have detrimental impacts on our relationship with trading partners. For example, there is suggestive evidence that the 1980 grain embargo resulted in permanent losses for the US in some export markets (Cowley, 2020). Another source of concern is that a paid diversion in the US provides an incentive to other countries to make long-run investments to boost their production.…”

Section: Export Market Considerations For Paid Diversionsmentioning

confidence: 99%

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Would farmers benefit from removing more land from production in the next farm bill?

Hendricks

2022

Applied Eco Perspectives Pol

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Do farmers benefit more from Farm Bill programs like Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) or payments to remove land from production? I estimate the benefits to farmers from these programs for corn, soybeans, and wheat. I find that ARC and PLC give larger net benefits to producers for the same government expenditures. Furthermore, paid diversions primarily benefit landowners, while harming tenants and input suppliers. While paid diversions can provide environmental benefits, farm groups are unlikely to support a significant expansion.

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Section: Export Market Considerations For Paid Diversionsmentioning

confidence: 99%

Section: Export Market Considerations For Paid Diversionsmentioning

confidence: 99%

Would farmers benefit from removing more land from production in the next farm bill?

Hendricks

2022

Applied Eco Perspectives Pol

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“…These political ties mainly refer to the diplomatic ties between countries, reflected in the similarity of foreign policy preferences and the consistency of their positions on specific international events [11,12]. Traditional international trade theories, represented by absolute cost theory and relative cost theory, regard changes in export costs as the fundamental source of export instability [13,14]. As an important factor affecting trade costs, changes in political ties have also been pointed out by some researchers as a cause of trade fluctuations [15,16].…”

Section: Introductionmentioning

confidence: 99%

Food Export Stability, Political Ties, and Land Resources

Zhou,

Fan,

Yang

et al. 2023

Land

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As a vital guarantee of food security for many countries, international food trade has been threatened by volatile international political ties in recent years. However, the existing literature lacks empirical evidence on the relationship between political ties and food export stability. Therefore, this article examines the impact of political ties on food export stability using United Nations General Assembly (UNGA) voting data and export data on food products from 2010 to 2018. The chosen timeframe ensures the exclusion of potential influences from both the financial crisis and the COVID-19 pandemic, enhancing the robustness of the findings. The test results show that the deterioration of political ties can reduce food export stability: the higher the voting dissimilarity of the trading partners in the UNGA, the less stable food exports. Mechanism analysis suggests that political ties can impede food export stability by increasing tariff and non-tariff barriers. The analysis of heterogeneity indicates that the advancement of urbanization in importing countries intensifies the adverse effects of political ties on food export stability. However, this negative impact is less pronounced when importing countries have more allocation and higher productivity regarding land resources such as cultivated land and forests. This article adds to the literature on the relationship between political ties, trade, land resource optimization, and food security. The findings of this study highlight the importance of land resources with respect to reducing the risk of food trade instability in the context of volatile international politics.

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“…International soybean trade displayed a threefold increase over the past 30 yr, accompanied by a reduction of the U.S. market share from 70 to 80% in 1992 to 40–45% from 2012 onward (Salin & Somwaru, 2014). The decline in U.S. competitiveness is the result of an intricate combination of geopolitics (De Maria et al., 2020; Tiwari et al., 2021), tariff wars (Cowley, 2020), land and oceanic freight prices (Salin & Somwaru, 2014), and the influence of changes in soybean seed quality (Durham, 2003). A remarkable characteristic of the global soybean and derivatives (meal and crude oil) trade is that 65% of production is bought by a single country, China (De Maria et al., 2020; Gale et al., 2019).…”

Section: Introductionmentioning

confidence: 99%

Soybean management for seed composition: The perspective of U.S. farmers

et al. 2022

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The soybean [Glycine max (L.) Merr.] compositional quality is mainly provided by the seed concentration of protein and oil. These traits are critical for sustaining global use, and although there is demand for high protein soybean, no mechanism to differentiate production is in place. At the opposite end of the supply chain, farmers are remunerated on a mass basis without having any incentive regarding seed composition. This study evaluated farmers' perspectives and knowledge on soybean quality and their propensity to adopt quality improvement technologies. Farmers from the main U.S. producing regions (n = 271) were investigated with a self‐administrated survey containing 21 questions during 2020 and 2021. Our results show that 84% are unaware of the current protein and oil levels from their own production. A small portion (1.4%) make management decisions (e.g., choice of genotypes or monitor quality) based on the implications on seed quality. However, practices already in place are likely to enhance the quality of seed, namely N nutrition (via rhizobia [12.9%] or fertilizer [5.9%]) and late‐season crop protection (17.1%). If farmers are financially rewarded by US$0.50 per bushel, a mindset change may occur. Based on these results, we concluded that shifts in the U.S. production system targeting protein or oil markets are possible, and the constraints are mainly related to on‐farm management. However, the challenges for improving the U.S. soybean competitiveness in global or niche markets also rely upon other segments of the production chain, specifically breeders, technology suppliers, and logistical structure.

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Reshuffling in Soybean Markets following Chinese Tariffs

Cited by 6 publications

References 0 publications

Would farmers benefit from removing more land from production in the next farm bill?

Would farmers benefit from removing more land from production in the next farm bill?

Food Export Stability, Political Ties, and Land Resources

Soybean management for seed composition: The perspective of U.S. farmers

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