The Renewable Fuel Standard (RFS) specifies the use of biofuels in the United States and
thereby guides nearly half of all global biofuel production, yet outcomes of this keystone …

US retail food price increases in recent years may seem large in nominal terms, but after
adjusting for inflation have been quite modest even after the change in US biofuel policies in …

This study investigates the effects of oil price shocks on volatility of agricultural and metal
commodities. We decompose an oil price shock to its underlying components, including …

Crop insurance premium subsidies affect patterns of crop acreage for two reasons. First,
holding insurance coverage constant, premium subsidies directly increase expected profit …

The war in the breadbasket of Europe, which spawned at the heels of the once‐in‐a‐lifetime
pandemic, sent major cereal prices spiralling upward. The unprecedented sequence of …

This paper surveys recent advances in drawing structural conclusions from vector
autoregressions (VARs), providing a unified perspective on the role of prior knowledge. We …

Commodity‐equity return co‐movements rose dramatically during the Great Recession. This
development took place following what has been dubbed the “financialization” of commodity …

We use field‐level data to estimate the response of corn and soybean acreage to price
shocks. Our sample contains more than 8 million observations derived from satellite imagery …

This paper promotes insights based on an empirical analysis of the complex dynamics of 12
significant assets of the commodity market. We applied the Complexity-entropy causality …

An understanding of the main drivers of land-use change is critical for policy
recommendations that aim to meet the challenge of food and environmental security over …