The 1996 and 2002 Farm Bill changes in milk support price legislationderegulated the market and milk prices are more volatile than ever. The use of amechanism to reduce farmers' exposure to volatile milk prices has therefore becomeessential. This study evaluates the impact of two hedging...

Retailers are often criticized for a slow response in retail prices to changes in wholesale beef prices. The unresponsiveness, especially when wholesale and farm prices are declining, is seen as a lack of competitiveness and as a reason for congressional action to regulate behavior of processors...