Following are data for soybean yield, production, and trade for 2010–2011:

Suppose that the countries listed in the table are engaged in free trade and that soybean production is landintensive.

Answer the following:

a. In which countries does land benefit from free trade in soybeans? Explain.

b. In which countries does land lose from free trade in soybeans? Explain.

c. In which countries does the move to free trade in soybeans have little or no effect on the land rental?

Explain.

Yield metric ton/hectare)

Production 100,000 metric tons)

Export (100,000 metric tons)

Imports (100,000 metric tons)

Australia 1.71 0.29 0.025 0.007 Brazil 3.12 748.2 258 1.18 Canada 2.75 42.5 27.8 2.42 China 1.89 144 1.64 570 France 2.95 1.23 0.24 5.42 Japan 1.60 2.19 0.0006 34.6 Mexico 1.32 2.05 0.001 37.7 Russian Federation 1.48 17.6 0.008 10.7 United States 2.79 831 423 4.45 Data from: Food and Agriculture Organization.

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