Market-oriented policy reforms have potentially important effects on farm-level grain production and utilization decisions in developing countries. This paper provides an empirical evaluation of the potential effects of market liberalization in China on farm-level wheat consumption, market...

Dynamic relationships between three classes of wheat are investigated using threshold VAR models incorporating the effects of protein availability. Changes in the stock of protein are found to generate significant impulse responses in the price of hard spring red wheat and hard red winter wheat...

This study addresses the issues of market integration in railroad industry analyzing the export-bound grain transportation. A spatial analysis involving four origin states (Illinois, Iowa, Minnesota and Nebraska) and two destinations (Mexican Gulf and Pacific Northwest) is conducted in order to...

This paper examines the effects of changes in major elements of the U.S. federal crop insurance program on the structure of the agricultural insurance industry. We model the interactions between farmers, insurance agents and insurance companies. Two symmetric equilibria are determined: one with...

Purpose: The safety and soundness of financial institutions has become a leading worldwide issue because of the recent global financial crisis. Historically, financial crises have occurred approximately every 20 years. The worst financial crisis in the last 75 years occurred in 2008–2009. US...