This paper analyzes the effects of waterway transportation costs on the spatial distribution of corn prices at U.S. grain markets. Interregional trade theory predicts that in a competitive market price differences between markets are explained by transportation cost. The precise role played by...

The rural nonfarm economy is the backbone of the economy of numerous small towns scattered throughout the Black Belt region, as well as the primary source of income and employment. Seen in this light, the rural nonfarm economy will play a key role in determining future prospects for employment...