Library

Agricultural Commodity Price Spikes in the 1970s and 1990s: Valuable Lessons for Today

May Peters, Suchada Langley and, Paul Westcott (March, 2009)

Summary

The rapid increase in crop prices from 2006 through the first half of 2008 caught the world’s attention and raised concerns that permanent changes in the agricultural market environment were occurring. However, this recent dramatic rise in prices also has many features reminiscent of the past.