Import Demand for Feed Grains in Venezuela

Domestic food and agricultural policies of individual importing and exporting countries signicifantly affect international trade in grains This case study focuses on Venezuela's import demand for sorghum It investigates the tradeoffs in a country's decision to import or to produce feed grains in an environment of agricultural price supports and subsidies to feed millers This study also develops a consumer and producer maximization model with government expidenture and foreign exchange constraint