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Spatial Price Differentials for Corn among Illinois Country Elevators
Author(s) -
Davis Leroy,
Hill Lowell
Publication year - 1974
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1239355
Subject(s) - elevator , competition (biology) , agricultural economics , economics , loan , identification (biology) , supply and demand , econometrics , business , microeconomics , finance , ecology , materials science , botany , composite material , biology
Corn price differentials among country elevators often exceed norms of perfect competition. Identification of causal factors may suggest remedial policy decisions. This study indicates that the variables of seasonal adjustments, local demand and supply conditions, availability of transportation facilities, and government loan rate are significant influences in price variation.