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| Wilson, William W.; Dahl, Bruce L.. |
| This study examined moisture specification practices in the United States and for major exporters and assessed impacts of changes to a nil or constant moisture basis on prices and revenue. These were examined under scenarios where information on moisture in current prices is limited and under a scenario where current prices reflect Full Knowledge of moisture advantages. Results indicate that changing to a nil moisture basis (which requires a subsequent adjustment in volumes to reflect the subtraction of moisture) would increase reported prices from 42 to 70 c/bu for the wheat classes, while changing to a 12 percent constant moisture basis would have limited impacts on reported prices. Effects on relative prices/revenue depend on whether knowledge of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Moisture; Specifications; Pricing; Wheat; Constant moisture; Nil moisture; Crop Production/Industries. |
| Ano: 2002 |
URL: http://purl.umn.edu/23638 |
