A Sequential Rationality and Efficiency Test of U.S. Department of Agriculture Program Crop Price Estimates: Rice, Wheat, and Soybeans

This paper examines the USDA price estimates of rice, wheat, and soybeans and whether spot commodity prices reflect price information embodied in USDA estimates. Results indicate that the monthly USDA estimates are failed to meet a rationality condition. Rice and wheat actual prices marginally incorporate the information embodied in USDA past price estimates.

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Year of publication:	2008
Authors:	No, Sung Chul ; Salassi, Michael E.
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	Agricultural and Food Policy \| Research Methods/ Statistical Methods \| Crop Production/Industries

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Extent:	application/pdf
Series:	2008 Annual Meeting, February 2-6, 2008, Dallas, Texas.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas Number 6814
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005503466