The performance of the grain transportation industry, historically low real grain prices, and decreasing government support for grain prices have renewed interest in local grain prices and shipping costs. An understanding of the relationship between local cash prices and futures prices is an...

Substantial changes have taken place recently in the regulation of agricultural trade in North America. The effect of these changes on trade in agricultural commodities is of particular interest to producers and policymakers in the Northern Plains and Rockies region. In this paper, we discuss...

When free trade merges formally distinct non-competitive industries, welfare should increase. Additional incentives for mergers may reduce these gains from free trade. We show the importance of such arguments in an analysis of the malting barley industry in North America before and after the...

Substantial changes have taken place recently in the regulation of agricultural trade in North America. The effect of these changes on trade in agricultural commodities is of particular interest to producers and policymakers in the Northern Plains and Rockies region. In this paper, we discuss...

Market-oriented policy reforms have potentially important effects on farm-level grain production and utilization decisions in developing countries. This paper provides an empirical evaluation of the potential effects of market liberalization in China on farm-level wheat consumption, market...

The reintroduction of the gray wolf to Montana and other western states has to date largely pitted ranchers against environmental groups, with the U.S. Fish and Wildlife Service (USFWS) as the central agency for this reintroduction. There is also another group affected by wolves that to date...