The Food Price Boom and Bust
Carter, Colin, Gordon Rausser, and Aaron Smith
Food commodity prices soared between September 2007 and mid-2008, then fell just as sharply. Macroeconomic factors likely underlie this boom and bust, but biofuel and trade policies continue to hold corn, soybean, and rice prices at approximately double their 2005 levels.
food prices, biofuels, food crisis
Carter, Colin, Gordon Rausser, and Aaron Smith. 2008. "The Food Price Boom and Bust." ARE Update 12(2): 2-4. University of California Giannini Foundation of Agricultural Economics.