Presents background regarding the vulnerability of US agricultural support programs to potential WTO dispute settlement challenges. This book reviews the general criteria for successfully challenging a farm subsidy program.

Market analysts, including the United Nations' Food and Agricultural Organization (FAO), are predicting record global grain and oilseed production in 2008 in response to the high market prices.However, given the overall strength in demand growth, most market analysts predict that when commodity supplies eventually recover and prices moderate from current high levels, the new equilibrium prices will be significantly higher than has traditionally been observed during periods of market balance. This book examines the causes, consequences, and outlook for prices of the major U.S. program crops.