Duration: 07/01/2007 to 09/30/2008

Administrative Advisor(s):

NIFA Reps:

Non-Technical Summary

Statement of Issues and Justification

The University of Missouri and Iowa State University have been partners on the Food and Agricultural Policy Research Institute for many years. This Institute has been funded by Congress for many years. The purpose of the Institute is to make baseline projections of agricultural prices, production, exports, and imports for the United States and other important producing and consuming countries and to analyze the impacts of alternative agricultural and trade policies on the United States and other countries.

Significant research areas for FY08 include: 1) the continuing WTO analysis; 2) ethanol-related policy analysis (energy bill, preferential trade policy with regional Free Trade Agreements and Caribbean countries); and 3) the 2007 Farm Bill.

In recent years FAPRI was asked to evaluate the impact of policy reform proposals in the context of WTO negotiations and the impact of EU reforms, FAPRI continues to provide baseline updates as market conditions change. FAPRI will continue to examine the impact of different domestic farm and risk management programs and their compatibility with WTO obligations on farm payment limits.

The Institute will be funded in FY08 through formula fund allocations and consequently it is necessary to demonstrate that this projects is a multistate effort.

Types of Activities

FAPRI-Iowa State University maintains the international modeling structure for grains, oilseeds, livestock, dairy, and sugar and U.S. crop insurance model. FAPRI-Missouri maintains the U.S. modeling structure for grains, oilseeds, livestock, and dairy, along with models for the international cotton sector and the European Union.

FAPRI research is enhanced through collaboration with universities across the United States. The participating institutions are University of Arkansas, Texas A&M University, and Arizona State University.

Objectives

1. To prepare baseline projections for the U.S. agricultural sector and international commodity markets. These multi-year projections are available in print and on the Web.
   
2. To examine the major commodity markets and analyze alternative policies and external factors for implications on production, utilization, farm and retail prices, farm income, trade, and government costs.
   
3. To help determine effective risk management tools for crop and livestock producers, and to analyze how government policy affects risk management strategies.
   
4. To brief staff members of the U.S. Senate and House Agriculture Committees on projections for U.S. and world agricultural markets.
   
5. To disseminate research results through printed reports, staff presentations, and on the Web.
   

Expected Outputs, Outcomes and/or Impacts

1. Baseline projections will be prepared for the U.S. agricultural sector and international commodity markets. The multi-year projections will be published as FAPRI Outlooks, which provide a starting point for evaluating and comparing scenarios involving macroeconomic, policy, weather, and technology variables. All projections and reports will be placed on the FAPRI webpage at http://www.fapri.iastate.edu/

2. FAPRI analysis will increases the public's understanding of agricultural trade-related issues; for example, those involving the European Union, China, and India.

3. FAPRI will provide information for the legislative process regarding U.S. Farm Bills and trade agreements.

Projected Participation

View Appendix E: Participation

Literature Cited

Past FAPRI publications are found at http://www.fapri.iastate.edu/publications/

Attachments

Land Grant Participating States/Institutions

IA, MO, WI

Non Land Grant Participating States/Institutions