This paper reconsiders the implications of efficient markets for transmission of price volatility across markets. Tests of volatility transmission are based on conditional variances. Results are reported for key grain and beef markets. Transmission across cash, futures, and options is considered.

An asymmetric, threshold error correction model is used to evaluate price transmission among farm, wholesale, and retail pork markets. Threshold effects are confirmed. Results indicate asymmetries and suggest that adjustments are completed in about four weeks. Price transmission is...

Results of this study further support the effectiveness of the seasonal pricing plan in reducing seasonal production variability. Florida Dairy farmers were able to change factors that affect production in order to take advantage of the seasonal pricing plan and that farmers that chose not to...

Using farm-level survey data from Turkey, this study provides estimates of the price responsiveness of feed demand beef, dairy, and sheep producers. In addition, the impact of feed quality on animal yields is assessed in the Turkish dairy cattle sector.

Several reasons justify the expectation of increasingly price elastic demand for dairy products. Using weekly scanner data, we find support for this hypotheses, but with wide variation in elasticity estimates across model specifications. The results demonstrate the need for more routine...