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Transforming a competitive market into an imperfect market by cooperative power

Introduction The US milk market is characterized by five links. Farmers, who produce the milk and sell it through cooperatives to huge dairy processors, who transform it into the different products, like packed fluid milk, cheese or yogurt. Then retailers sell those products to consumers. In this market we can find a combination of government policies […]

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Reducing costs of meeting a cellulosic biofuel mandate with perennial energy crops: potential roles of energy crop insurance and establishment cost subsidies

Cellulosic biofuel production in the United States has been growing since 2014 with establishment of a few commercial scale bio-refineries and increasing total production. According to the 2016 Renewable Fuel Standard Data of Environmental Protection Agency (EPA), total production of cellulosic biofuels in the United States reached 192 million gallons in 2016.[1] EPA’s proposed 2017 […]

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Why will the coming years see more interest for interstate food supply linkages?

Why should a cattle rancher in Texas care about a severe drought hitting the Corn Belt states? Although genuine sympathy could be part of the answer, the main reason might be less charitable: cattle farmers in Texas are major buyers of corn from the Midwest. A drought in the Corn Belt would increase the corn […]

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Some Strings Attached: Cash Transfers and Brazil’s Continued Response to Poverty

For Brazil’s poor, systemic poverty, inequity, and corruption shape the landscape of the country. Even the picturesque beaches of Rio de Janeiro offer high-rise luxury apartments that sit neatly across from dilapidated slums in an ironic homage to a country holding some of the highest rates of economic inequality in the world. The fight to […]

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The Potential Implications of the False Belief that SNAP Participants are more likely to be Obese than Eligible Non-Participants

Hunger and its accordant consequences were serious problems in the United States 50 years ago. In response, the U.S. government established the Supplemental Nutrition Assistance Program (SNAP, then known as the Food Stamp Program). Fifty years later, more than one in seven Americans received benefits at a cost of over $75 billion. (See Bartfeld et […]

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Economics Behind a 5,000 Percent Price hike

Conventional pharmaceutical companies have a specific business strategy. They usually stay unprofitable for decades until their drugs are approved by the Food and Drug Administration to enter the market. Then they start to raise their drug price gradually at a rate above inflation every year. For instance, according to Deutsche Bank, Merck and Pfizer raised […]

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Questioning the Final RFS Rule, Part 3: Reasonableness of the Interpretation

Today’s article completes the discussion of EPA’s final rule for the Renewable Fuel Standard (RFS). Parts one and two in this series provided background on the RFS, a general review of the final rule and questioned EPA’s definition of the word ‘supply.’ This article delves into whether EPA’s interpretation in general can be considered reasonable […]

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Holiday Spirits: Notes from the Bourbon Trail

Good fortune recently provided me a brief, pre-holiday detour on Kentucky’s Bourbon Trail with my dad and brothers. The amber of the value-added agricultural products and the informative tours included a few interesting bits of farm policy and history – starting with the fact that our visit (unintentionally) coincided with the 82nd anniversary of the […]

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