The Ohio State University

The Future of Dispute Resolution in International (Agricultural)Trade

By Ian Sheldon (sheldon.1@osu.edu) Although commentators argue about the status of the World Trade Organization (WTO) compared to free trade agreements (FTAs), there is consensus that WTO dispute resolution has been its “crown jewel”.  Key is the two-instance adjudication system,…

Will Proposed US Tariffs Hurt US Farmers?

By Ian Sheldon (sheldon.1@osu.edu) In a previous post (Ian Sheldon, “Do US Buyers Bear the Cost of Import Tariffs?”), it was shown that based on analysis of the 2018-19 trade war with China, US buyers bore the cost of US…

Do US Buyers Bear the Cost of Import Tariffs?

Do US Buyers Bear the Cost of Import Tariffs?

By Ian Sheldon (sheldon.1@osu.edu) To trade economists this seems a rather odd question, the answer to which would be: well of course tariffs impose costs on buyers (consumers and firms purchasing inputs), and the basic explanation can be found in…

Why are nature-based carbon offset prices so low?

By Brent Sohngen (sohngen.1@osu.edu)   For nearly 25 years, carbon offsets in agriculture and forestry have been the next big thing – a market with huge potential to increase revenue for farming with certain practices like conservation or no till,…

How much is public land worth in Ohio?

How much is public land worth in Ohio?

by Brent Sohngen (sohngen.1@osu.edu) Well, it’s spring again and flowers are starting to show. My favorite is the snow trillium. Hard to find, but worth the walk. It’s not the state flower of Ohio, but it should be. It’s a…