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A Spatial Analysis of Western New York Corn Prices

Published online by Cambridge University Press:  10 May 2017

Steven K. Riggins
Steven K. Riggins*
Affiliation:
University of Kentucky, Lexington, Kentucky
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Abstract

This paper develops the methodology used to investigate the pricing efficiency of farm level corn prices in a minor surplus production area (Western New York) located within a much larger regionally deficit, producing area. The results indicate that from January 1975-June 1976, farm level corn prices in Western New York were not competitively efficient. However, Western New York corn prices were competitively efficient after mid June 1976. A conclusion is that Western New York corn prices became competitively efficient after two new relatively large buyers located in the area.

Type
Articles
Information
Journal of the Northeastern Agricultural Economics Council , Volume 7 , Issue 1 , April 1978 , pp. 19 - 22
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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References

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