IDEAS home Printed from https://ideas.repec.org/p/ags/aaea20/304560.html

The Role of Quality Characteristics in Pricing Hard Red Winter Wheat

Author

Listed:
  • Roberts, Shane
  • Brooks, Kathleen R.
  • Nogueira, Lia
  • Walters, Cory G.

Abstract

This study empirically examines the role of conventional and end-use wheat quality characteristics as well as transportation costs on the pricing of U.S. hard red winter wheat (HRWW) utilizing a hedonic price analysis framework, detailed quality characteristic data as well as location matched price data. We find evidence that multiple conventional quality characteristics and multiple end-use quality characteristics (milling and baking) have a statistically significant and economically important effect on the price of U.S. HRWW. This evidence suggests that, although U.S. HRWW producers are not directly paid premiums or discounts for end-use quality characteristics, they can be paid indirectly through regional HRWW prices. We also evaluate the role of information about conventional and end-use quality characteristics on price as harvest progresses. Results suggest that as harvest progresses, prices are updated to reflect changes in wheat quality. Results suggest revisions to U.S. policy on standard grade factors to improve transparency between characteristics farmers are paid for on grade sheets and characteristics millers and bakers value.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Roberts, Shane & Brooks, Kathleen R. & Nogueira, Lia & Walters, Cory G., 2020. "The Role of Quality Characteristics in Pricing Hard Red Winter Wheat," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304560, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea20:304560
    DOI: 10.22004/ag.econ.304560
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/304560/files/19128.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.304560?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yikuan Chen & B. Wade Brorsen & Jon T. Biermacher & Mykel Taylor, 2022. "Spatially varying wheat protein premiums," Letters in Spatial and Resource Sciences, Springer, vol. 15(3), pages 587-598, December.
    2. repec:ags:aaea22:343868 is not listed on IDEAS
    3. Hutchins, Jared P., 2024. "The Impact of Information on Input Market Pricing: Evidence from a Bull Market," 2024 Annual Meeting, July 28-30, New Orleans, LA 343868, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea20:304560. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.