The Uruguay Round World Trade Organization (URWTO) agreement and the North American Free Trade Agreement (NAFTA) created both benefits and costs for dairy farmers. The URWTO agreement benefits include border protection that helped to keep U.S. prices for cheddar cheese, butter, and nonfat dry...

The answer to the question posed in the title is arguably, yes. U.S. firms appear to be well positioned to profitably expand exports of highly differentiated dairy products and selected dairy ingredients, especially dried whey products. However, U.S. bulk cheese, butter and nonfat dry milk...

In this article, we estimate a Green and Porter (GP 1984) trigger pricing model to analyze weekly marketing margin data for the U.S. beef packing industry from 1992-2000. Oligopsonists are hypothesized to follow a discontinuous pricing strategy in equilibrium, and we focus on shocks in the...

Shifts in the relative importance of alternative coordination arrangements among agricultural producers and processors, and particularly shifts from spot market transactions to forward contracts or vertical integration, may have substantial impacts on the control of agricultural production and...