Hostname: page-component-586b7cd67f-t7czq Total loading time: 0 Render date: 2024-11-22T05:18:21.591Z Has data issue: false hasContentIssue false
  • English
  • Français

Agricultural Prices in the 1970's: How Will Value be Established?

Published online by Cambridge University Press:  28 April 2015

Olan D. Forker
Olan D. Forker*
Affiliation:
Cornell University
Get access Rights & Permissions [Opens in a new window]

Extract

The method of value determination for agricultural commodities and products is likely to be of major concern during the balance of the 1970's. Food and agricultural prices are currently in the forefront of public interest. This concern is likely to continue and be more dramatic at times during the rest of this decade. Attention is likely to focus on the marketplace and arrangements for price determination.

Several writers in the field argue that the manner in which agricultural prices are determined presents some major equity problems. They envision more problems ahead. Some conclude that there must be better mechanisms, institutions, organizational arrangements and procedures for determining the value of agriculture products. This concern implies a belief that a relationship exists between the method or process of price determination and performance. However, we know very little about the formation of prices, and we have very little empirical evidence on which to base firm conclusions about alternative arrangements.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 6 , Issue 1 , July 1974 , pp. 27 - 32
Copyright
Copyright © Southern Agricultural Economics Association 1974

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

[1] Baker, R.L., et al., “Committee Egg Pricing.” Ohio Agricultural Experiment Station Research Bulletin No. 1030, Nov. 1969.Google Scholar
[2] Breimyer, H.F. “Man, Physical Resources, and Economic Organization.” American Journal of Agricultural Economics, Vol. 55, No. 1, pp. 1–9, Feb. 1973.CrossRefGoogle Scholar
[3] Breimyer, H.F. “Structure of Agriculture: The Policy Issue.” Southern Journal of Agricultural Economics, Vol. 5, No. 1, pp. 1–6, July 1973.Google Scholar
[4] Forker, O.D. “Economic Requirements for Effective Bargaining in Agriculture.” Cornell Agricultural Economics Staff Paper No. 5, April 1970.Google Scholar
[5] Holder, D.L. “A Computerized Forward Contract Market for Slaughter Hogs.” Agricultural Economics Report No. 211, Dept. of Agricultural Economics, Michigan State University, Jan. 1972.Google Scholar
[6] Johnson, R.D. “An Economic Evaluation of Alternative Marketing Methods for Fed Cattle.” Nebraska Agricultural Experiment Station Bulletin, SB 520, June 1972.Google Scholar
[7] Lowe, J.C. “Hog Marketing by Teletype.” Manitoba Dept. of Agriculture, Publication No. 471, Oct. 1968.Google Scholar
[8] Morgenstern, O. “Thirteen Critical Points in Contemporary Economic Theory: An Interpretation.” Journal of Economic Literature, Vol. 10, No. 4, pp. 1163–1189, Dec. 1972.Google Scholar
[9] Raikes, R. “A Simulation Analysis of Exchange Efficiency and the Division of Gains in Auction Markets.” Unpublished Ph.D. thesis, University of California at Davis, 1970.Google Scholar
[10] Rogers, G.B. “Pricing Systems and Agricultural Marketing Research.” Agricultural Economic Research, Vol. 22, No. 1, pp. 1–11, Jan. 1970.Google Scholar
[11] Rogers, G.B. and Voss, L. A., eds. Readings on Egg Prices. College of Agriculture, University of Missouri, 1971.Google Scholar
[12] Schrader, L.F., et al. “The Electronic Egg Exchange: An Alternative System for Trading Shell Eggs.” Michigan State University Agricultural Economics Report No. 119, Dec. 1968.Google Scholar
[13] Sosnick, S.H. “On the Distribution of Price Changes at a Bull Auction.” Journal of Farm Economics, Vol. 47, No. 5, pp. 1301–1320, Dec. 1965.CrossRefGoogle Scholar
[14] Soxman, R. C, and Holder, S. Jr. “Official Spot Cotton Quotations: Where and How Quoted.” Marketing Research Report No. 547, U.S. Dept. of Agriculture, Economic Research Service, June 1962.Google Scholar
[15] Tomek, W.G., and Robinson, K. L.1972 Agricultural Product Prices. Ithaca, N.Y.: Cornell University Press.Google Scholar
[16] U.S. Dept. of Agriculture. “Milk Pricing Policy and Procedures, Part 2, Alternative Pricing Procedures.” A report of the Milk Pricing Advisory Committee, March 1973.Google Scholar