Soybean production and trade policy changes in Argentina and Brazil: Implications for the competitive position of the United States
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Expansion of the soybean production and marketing capacity in Argentina and Brazil has resulted in a declining share of the world market for US soybeans and products. Recent policy changes made in these South American countries may affect their competitive position relative to the United States. Policy changes in both countries are analyzed to determine their expected impacts on the US soybean complex. Results indicate that while the United States may maintain its competitive position, Argentina should become more competitive and Brazil may decline in competitiveness relative to the other two countries. Implications of these results for the US soybean complex are noted and discussed. Copyright 1991 Wiley Periodicals, Inc., A Wiley Company