Vector autoregressions are used to evaluate dynamic relationships among prices in six important international wheat markets. The effects of freight rates and exchange rates are also considered. The results indicate that Canada is the dominant market, supporting views that Canada is an...

Six measures of farm returns are used to estimate the most "appropriate" market index for southeastern Kansas farms. Systematic and nonsystematic risks and risk costs are estimated for farm planning. Results suggest that regional indices are more appropriate for use as the market index than...