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Principles of price determination. Price differences and variability. Princing institutions. Introduction to empirical price analysis.
Published continuously since 1972, Agricultural Product Prices has become the standard textbook and reference work for students in agricultural and applied economics, buyers and sellers of commodities, and policymakers, clearly explaining conceptual and empirical models applicable to agricultural product markets. The new fifth edition uses up-to-date information and models to explain the behavior of agricultural product prices. Topics include price differences over market levels (marketing margins), price differences over space (regionally and internationally) and by quality attributes, and price variability with the passage of time (seasonal and cyclical variations, trends, and random behav...
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This book examines an array of different distortions that are causing food supply chain dysfunction in many countries. It outlines the underlying changes that are currently occurring, which will have an influence on the direction of future food supply chains, and provides some solutions to the current food security problem.
Reviews economic models, especially treatment of competition, marketing practices, and international trade effects on U.S. cattle prices and producers' incomes. The report addresses 3 questions: To what extent do these models incorporate structural changes -- specifically, market concentration in the meatpacking sector and the use of marketing agreements, forward contracts, and imports?; What are the most important factors that affect cattle prices and producers' incomes?; and What are the most significant data and modeling issues to be considered in developing a more comprehensive model, or logical framework, to explain cattle prices and producers' income? Makes recommendations about how to resolve issues and problems regarding cattle price modeling.