Despite the existence of over 2.5 million Quarter Horses in the U.S., there has heretofore been little information available on the structural parameters underpinning the Quarter Horse market. In this paper, we compiled a unique data set, merging together information on registrations from the...

Many value-added practices cannot be observed by feeder cattle buyers. Third-party verification can decrease market inefficiency associated with this asymmetric information. We evaluate the effectiveness of a verification program, the Oklahoma Quality Beef Network, in increasing received prices....

Co-products of processing agricultural commodities are often marketed through private transaction rather than through public markets or those in which public transaction information is recorded or available. The resulting lack of historical price information prohibits the use of positive time...

This study applies a translog cost function to analyze factor demands in four U.S. wheat production regions. The results show that factor demands are inelastic across all regions. The interdependent relationships among inputs and the effects of price changes on the relative cost shares are...

The regional demand for feed grains is not directly observable. This study uses a programming model to derive a demand schedule for feed barley. The model is applied to a major barley producing region (North Dakota and Minnesota) and an important feed deficit region (California). Direct and...