Dongin Kim, a Ph.D. candidate Inside the Division of Agricultural and Useful resource Economics, was currently awarded a prestigious nationwide fellowship from the U.S. Division of Agriculture.
Kim was Definitely one of 65 recipients of an Education and Workforce Enchancment fellowship from the National Institute of Meals and Agriculture. This USDA program currents funding to assist The event of The subsequent period of evaluation, education, and extension professionals Inside the food and agricultural sciences.
This funding will assist Kim’s work studying how overseas commerce shocks influence U.S. agriculture.
The agricultural enterprise has been disproportionately influenceed by current retaliatory tariffs imposed on the U.S. by overseas buying and promoting companions. This triggered vital losses for American farmers, Ensuing in An limitless fedperiodl bailout program.
The retaliatory tariff is a tax positioned by authoritiess on imported merchandise from partnered nations in response to the tariffs imposed on their exported items, compelling the grant of reciprocal privileges. One such set of tariffs originated in 2018 when the U.S. authorities imposed heavy taxes on items originating from China being imported to the U.S. In response, China instituted a stiff tariff on U.S. items, collectively with agricultural merchandise like dairy, meat, and soybeans.
There’s plentiful anecdotal assist for The idea these overseas commerce shocks harm American farmers. But, There’s not a proof-based mostly evaluation proving The outcomes these commerce covperiodge modifications are having on commerce and income for these Inside the agricultural sector.
Kim, beneath the steperiodge of assistant professor Sandro Steinbach, will assess the commerce end outcomes of overseas commerce covperiodge modifications on U.S. agriculture.
First, He’ll create a full knowledge set of overseas tariffs imposed in the direction of U.S. agricultural and food merchandise. Kim will use historic knowledge from the World Trade Group As properly as to bulletins from overseas ministries.
Subsequent, Kim will incorporate month-to-month export knowledge from the U.S. Census Bureau and The worldwide Trade Atlas. The Census Bureau currents values and portions of commerce flows between the U.S. and overseas buying and promoting companions from April 1990 on. The Worldwide Trade Atlas incorporates data from 95% of all global imports and exports, offering Kim with a wealth Of information on which To draw.
He will scale this knowledge to A rustic-diploma evaluation To Search out out the U.S.’s share of internationwide market shares relative to the tariffs. This will permit him To Search out out how a lot of a share the U.S. misplaced or gained, as A complete.
Kim Can additionally analyze the brief and prolonged-time period influence of tariffs on farm income, profitability, and chapter.
Kim hypothesizes that his end outcomes Will not be homogenous. He expects that Counting on The Sort of overseas commerce shock, The outcomes of overseas rivals will differ based mostly on variables Similar to product type and traits of the U.S. farm.
Kim will account for fullly different shocks, such As a Outcome of the COVID-19 pandemic which radically modified all elements of on A daily basis life globally, collectively with overseas commerce and home current and demand.
This evaluation will foster the sustainability of U.S. agriculture Inside the face of overseas commerce shocks. Such information Is important To know the structural change Inside the U.S. agricultural and food enterprise, which is closely involved in global current chains. Kim expects that his evaluation will assist To inform fedperiodl insurance covperiodge policies that Try and foster the competitiveness of U.S. farmers and ranchers and enhance their participation and success in internationwide markets.
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