Richard Pedde (School of Business, University of Alberta)
Abstract
The paper is organized as follows. A brief historical overview of events leading up to the Gray Report is followed by a more detailed description of the performance measurement process. The third section describes the experience of US farmers in getting good prices. The fourth section places "outperformance" into an appropriate context by discussing the economic concept of "market efficiency". Then our benchmarking results are presented for the various types of grain. A short summary concludes the paper.
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Publisher Info
Paper provided by Western Centre for Economic Research in its series Information Bulletins with number
1098.