This report examines optimum supply formula (OSF) in the tart cherry industry. The OSF is a tool for stabilizing market prices as authorized by a federal market order (FMO). The current OSF sets the optimum supply volume (OSV), or free sales of tart cherries in a given harvest year equal to the...

This analysis examined optimum supply formula (OSF) in the tart cherry industry. The OSF is a tool for stabilizing market prices as authorized by a federal market order (FMO). The current OSF sets free sales of tart cherries in a given harvest year, or optimum supply volume (OSV), equal to the...

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...

Greater flexibility in U.S. farm programs with elimination of the restriction on the planting of fruit and vegetable crops (FAVR crops) is likely to be a major issue in congressional 2007 farm policy discussions. Michigan is a state with a wide range of both FAVR and program crops planted under...