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Maple Syrup Industry: Global Price Trends and Future Prospects, Papers of Economics

Information for an individual paper on the global maple syrup industry, focusing on the reasons behind the price surge since 2007, the impact of globalization, potential responses from new producers, and price forecasts for the next five years.

Typology: Papers

Pre 2010

Uploaded on 10/01/2009

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koofers-user-5ld 🇺🇸

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Economics(3107(
Summer,(2009(
Tony(Lima(
(
Individual)Paper)#1)
(
Discuss(the(global(maple(syrup(industry.((There(are(three(articles(and(a(data(sheet(
available(by(link(from(the(“what’s(new”(page.((Your(paper(should(include(discussions(
of(the(following(issues:(
(
1. Why(has(the(price(of(maple(syrup(risen(so(much(since(2007?((Make(sure(your(
answer(deals(with(both(supply(issues(and(demand(issues.(
2. To(what(extent(has(globalization(contributed(to(the(price(increase?((Be(as(
specific(as(you(can.(
3. With(the(current(price(well(above($100(per(gallon,(what(is(the(likely(response(
of(potential(producers(who(are(not(currently(making(maple(syrup?(
4. What(is(your(forecast(of(the(price(of(maple(syrup(over(the(next(five(years?((
Focus(on(the(likely(direction(of(the(change(in(price(rather(than(trying(to(
predict(a(specific(dollar(amount.(
(
Your(paper(should(be(no(longer(than(500(words.((It(should(be(submitted(via(Turnitin(
no(later(than(11:55(pm(July(10.((The(paper(must(be(typed(and(submitted(in(Microsoft(
Word(format.(

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Economics 3107 Summer, 2009 Tony Lima Individual Paper # Discuss the global maple syrup industry. There are three articles and a data sheet available by link from the “what’s new” page. Your paper should include discussions of the following issues:

  1. Why has the price of maple syrup risen so much since 2007? Make sure your answer deals with both supply issues and demand issues.
  2. To what extent has globalization contributed to the price increase? Be as specific as you can.
  3. With the current price well above $100 per gallon, what is the likely response of potential producers who are not currently making maple syrup?
  4. What is your forecast of the price of maple syrup over the next five years? Focus on the likely direction of the change in price rather than trying to predict a specific dollar amount. Your paper should be no longer than 500 words. It should be submitted via Turnitin no later than 11:55 pm July 10. The paper must be typed and submitted in Microsoft Word format.