Agricultural Policy and Global Food Markets

This advanced level textbook offers students an engaging platform to understand the economic impact of agricultural policies on global food markets. Rather than focus on specific policies in separate chapters, it is organized by the most pressing and emerging issues facing global food markets and uses these issues to motivate an analysis of how policies are used to influence prices, production, consumption, and trade of food products. The bookprovides a more stimulating, relevant and modern approach for today’s students interested in food policy and food markets from an international perspective andallowsreaders to conceptualizemore generic agricultural policies with analysis that can then be used to study a wide range of issues and problems around the world. Thustopicssuch asobesity, food waste, biofuelsand climate change are the focal point of chapters, rather than policies themselves. The emphasisis on the economic analysis of policies addressing each of the major issues and their impacts on producers, consumers and taxpayers, but little background in economics is assumed. Up to date methodologies are used with empirical examples, some of which are elaborated further on a Companion Website.

Part 1: Agricultural and Food Markets and Policy: A Global Perspective 1. Policy Distortions in World Agriculture: An Historical Perspective 2. Overview of Data Used to Characterize Policies 3. Economic Tools to Evaluate Policy 4. Policy Linkages Part 2: Agricultural Policies and Issues 5. Cost-Benefit Analysis 6. Causes of the Recent Food Commodity Price Boom 7. Research and Development 8. Externalities in Agricultural Production Part 3: Food Policies and Issues 9. The Economics of Policies to Combat Food Loss-Waste 10. The Economics of Policies Related to Obesity 11. Food Labels 12. Nutrition Policy Part 4: Global Markets and Trade 13. WTO trade negotiations and Doha14. Food and Agriculture and Trade Disputes and Resolutions 15. International Food Security

Harry de Gorter is a Professor in the Charles H. Dyson School of Applied Economics and Management, Cornell University, Ithaca, New York State, USA. Bradley J. Rickard is an Associate Professor in the Charles H. Dyson School of Applied Economics and Management, Cornell University, USA.