Of Maize and Markets: China’s New Corn Policy

Date
2016-10-01
Authors
Wu, Qianrong
Zhang, Wendong
Zhang, Wendong
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Altmetrics
Authors
Research Projects
Organizational Units
Journal Issue
Journal Issue
Series
Department
Center for Agricultural and Rural Development
Abstract

In early 2013, farmers in Iowa and across the Midwest braced for a difficult corn market, with prices declining from $7/bushel in late 2012 to $4/bushel in early 2015, and finally settling at $3/bushel. Shielded from the world market, corn producers in China enjoyed a steady elevated corn price of almost $10/bushel from 2011 until 2015—largely a result of China’s obscure price floor corn policy. While China’s corn production is mainly used for domestic consumption, policy changes in China’s corn markets have trade implications for the global corn, beef, and pork sectors.

Comments
Description
Keywords
Citation
DOI
Source
Collections