The Food Price Boom and Bust. Carter, C, Rausser, G, & Smith, A Agricultural and Resource Economics Update, 2008.
The Food Price Boom and Bust [link]Paper  abstract   bibtex   
Food commodity prices soared between September 2007 and mid-2008, then fell just as sharply. Macroeconomic factors likely underlie this boom and bust, but biofuel and trade policies continue to hold corn, soybean, and rice prices at approximately double their 2005 levels.
@misc{carter2008causes,
  title={The Food Price Boom and Bust},
  author={Carter, C and Rausser, G and Smith, A},
  howpublished={Agricultural and Resource Economics Update},
  volume={12},
  number={2},
  pages={2-4},
	abstract={Food commodity prices soared between September 2007 and mid-2008, then fell just as sharply. Macroeconomic factors likely underlie this boom and bust, but biofuel and trade policies continue to hold corn, soybean, and rice prices at approximately double their 2005 levels.},
	url={https://giannini.ucop.edu/publications/are-update/issues/2008/12/2/the-food-price-boom-and-b/},
  year={2008}
}

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