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A Century of Research on Agricultural Markets

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  • Robert J. Myers
  • Richard J. Sexton
  • William G. Tomek

Abstract

This article provides a perspective on major innovations in research on agricultural markets over the past century. We review research on market structure and performance, vertical coordination arrangements, and institutions for producer collective action. Contributions to empirical modeling of agricultural price determination and marketing margins are also evaluated, as are innovations in research on spatial market relationships and the role of storage. Finally, we discuss contributions to understanding market information systems and the functioning of market-based mechanisms for agricultural risk management, including futures, options, and insurance. Although progress over the century has been remarkable, we conclude by highlighting possible directions for future research. Copyright 2010, Oxford University Press.

Suggested Citation

  • Robert J. Myers & Richard J. Sexton & William G. Tomek, 2010. "A Century of Research on Agricultural Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(2), pages 376-403.
  • Handle: RePEc:oup:ajagec:v:92:y:2010:i:2:p:376-403
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    File URL: http://hdl.handle.net/10.1093/ajae/aaq014
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    Cited by:

    1. Poe, Abby & Coatney, Kalyn & Coble, Keith & Freeman, Matt, 2014. "Farm Subsidy Incidence in the Presence of Bertrand Competitors of Complementary Factors of Production: A Theoretical Approach," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162507, Southern Agricultural Economics Association.
    2. Fernando, Estrada, 2013. "Ronald Coase 1910-2013, In memoriam," MPRA Paper 49558, University Library of Munich, Germany.
    3. Wu, Steven Y., 2013. "Adapting Contract Theory to Fit Contract Farming," 2014 Allied Social Science Association (ASSA) Annual Meeting, January 3-5, 2014, Philadelphia, PA 161894, Agricultural and Applied Economics Association.
    4. Cordero Salas, Paula, 2016. "Relational Contracts and Product Quality: The Effect of Bargaining Power on Efficiency and Distribution," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), September.
    5. Fan, Xiaoli & Gómez, Miguel I. & Atallah, Shady S. & Hernandez, Juan, 2014. "Examining Seasonality of Spatial Efficiency in the U.S. Fresh Broccoli Market," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170235, Agricultural and Applied Economics Association.
    6. Mujawamariya, Gaudiose & Burger, Kees & D'Haese, Marijke F.C., 2012. "Behaviour and performance of traders in the gum arabic supply chain in Senegal: Investigating oligopsonistic myths," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126236, International Association of Agricultural Economists.
    7. Shively, David & Parcell, Joesph, 2014. "The Market Effects of Low Oligosaccharide Soybeans," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162549, Southern Agricultural Economics Association.
    8. Genevre Covindassamy & Michel A. Robe & Jonathan Wallen, 2016. "Sugar With Your Coffee?: Financials, Fundamentals, and Soft Price Uncertainty," IDB Publications (Working Papers) 8588, Inter-American Development Bank.
    9. repec:bla:jageco:v:68:y:2017:i:1:p:3-21 is not listed on IDEAS
    10. Maes, Dries & Vancauteren, Mark & Van Passel, Steven, 2016. "Investigating market power in the Belgian pork production chain," 149th Seminar, October 27-28, 2016, Rennes, France 245114, European Association of Agricultural Economists.
    11. Czyżewski, Andrzej & Grochowska, Reanata & Józwiak, Wojciech & Kosior, Katarzyna & Kułyk, Piotr & Mirkowska, Zofia, 2014. "Development trends in agricultural sector and policies − challenges for the future (Synthesis)," Multiannual Program Reports 206066, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    12. Evans, Edwardv A. & Ballen, Fredy H., 2015. "Competitive Behavior in the U.S. Green Skin Avocado Market," Journal of Food Distribution Research, Food Distribution Research Society, vol. 46(3), November.
    13. Zulu-Mbata, Olipa & Jayne, Thomas S. & Kirsten, Johann F., 2016. "Analysis of farm-to-retail maize marketing margins in Zambia," 2016 AAAE Fifth International Conference, September 23-26, 2016, Addis Ababa, Ethiopia 246966, African Association of Agricultural Economists (AAAE).

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