A quarterly econometric model of the U.S. dairy sector has been developed for use in short-to medium-term outlook and policy analyses. Simulations of the model indicate that it performs quite well both during the estimation period and during an eight-quarter interval beyond the estimation...

Grocery retailing concentration in U.S. cities increased on average in 1982, continuing a long-term trend. The all-SMSA (Standard Metropolitan Statistical Area) average four-firm concentration level in grocery retailing rose to 58.3 percent in 1982, compared with 56.3 percent in 1977, the...

Annual models for U.S. farm prices for corn and wheat are developed based on market factors as well as government agricultural commodity programs. The pricing relationships utilize a stocks-to-use modeling framework to capture the effects of market supply and demand factors on price...