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来源类型Working Paper
规范类型报告
DOI10.3386/w18659
来源IDWorking Paper 18659
Corn Production Shocks in 2012 and Beyond: Implications for Food Price Volatility
Steven T. Berry; Michael J. Roberts; Wolfram Schlenker
发表日期2012-12-28
出版年2012
语种英语
摘要Corn prices increased sharply in the summer of 2012 due to expected production shortfalls in the United States, which produces roughly 40% of the world's corn. A heat wave in July adversely affected corn production. We extend earlier statistical models of county-level corn yields in the Eastern United States by allowing the effect of various weather measures to vary in a flexible manner over the growing season: Extreme heat is especially harmful around a third into the growing season. This is the time when the 2012 heat wave hit the Corn Belt. Our model predicts 2012 corn yields will be 23% below trend. While extreme heat was significantly above normal, climate change scenarios suggest that the 2012 outcomes will soon be the new normal.
主题Environmental and Resource Economics ; Agriculture ; Environment
URLhttps://www.nber.org/papers/w18659
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/576334
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Steven T. Berry,Michael J. Roberts,Wolfram Schlenker. Corn Production Shocks in 2012 and Beyond: Implications for Food Price Volatility. 2012.
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