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| Aguilar, Cristobal; Raper, Kellie Curry; Thornsbury, Suzanne. |
| An important characteristic of agricultural commodity markets is the extent to which those markets respond to price changes in related markets. Given a competitive market structure, the Law of One Price (LOP) postulates that spatial price relationships are determined by transfer cost1 among regions and that spatial arbitrage restores market equilibrium (Tomek and Robinson, 2003). Spatial price relationships are of particular relevance to farmers in designing market strategies. Measurements of spatial price relationships provide insights about the dynamics of price movements, thus increasing understanding of likely behavior of supply or demand areas in the market (Jordan and Van Sickle, 1998). For example, knowledge of which regions lead prices, the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/10927 |
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| Aguilar, Cristobal; Thornsbury, Suzanne. |
| The Michigan Apple Committee (MAC) is a commodity organization comprised of approximately 1000 apple growers in Michigan. The objective of this study was to evaluate growers' perceptions about the effectiveness of past MAC programs and solicit their opinions about future directions for MAC in order to provide one source of input for Board decisions. In addition, this study provided growers with some information about the broad programmatic areas that are covered under MAC guidelines. In Winter 2003 a mail survey was sent to the entire MAC mailing list (1,123 growers); 282 surveys were returned (25 percent). Overall results of the survey indicate that Michigan apple growers are generally satisfied with the performance of the MAC, but perhaps equally... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/10950 |
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