Price risk management problems confronting grain processors differ somewhat from conventional motives for hedging. There are two components of this problem that are addressed in this study. One is the competitive characteristics of the processing sector, the structure and conduct of which...

A number of challenges exist for genetically modified (GM) crop development at the production level. Contract strategies can resolve these challenges. Contracts can be designed to induce legal adoption of GM wheat by varying technology fees, violation detection, and penalties. The primary...

Consistency of functional characteristics in hard red spring (HRS) wheat is a concern confronting sellers and buyers. This research analyzes contract incentives for importers with respect to cost and potential risk of acceptance. A principal-agent framework is utilized to examine contract...

Development of genetically modified crops is challenging the functions of the grain marketing system with many participants arguing for Identity Preservation (IP) systems prior to release of GM varieties. In this study, a stochastic optimization model was developed to determine optimal testing...

Fusarium Head Blight (FHB), commonly known as scab, has been a severe problem for wheat and barley producers since 1993. This study provides an update of economic losses suffered by wheat and barley producers in scab-affected regions in the United States. Emphasis is placed on estimating direct...

Cash grain markets have premiums and discounts for quality characteristics that are important to individual market participants. Premiums and discounts are determined by and change with the supply and demand for those quality characteristics. This seventh annual report contains the results of...