Can the Canadian Wheat Board Extract Monopoly Rents? The Case of the Spring Wheat Market

W. H. Furtan, D. F. Kraft and E. W. Tyrchniewicz

International Journal of the Economics of Business, 1999, vol. 6, issue 3, 417-437

Abstract: The Canadian Wheat Board (CWB) is a monopoly seller of wheat, durum and malting barley from western Canada. This paper examines the question whether the CWB monopoly can extract a premium in the international market place. Using actual transaction data (i.e. actual transaction prices) we estimate that the CWB charged importers an average price premium of $13.35/tonne for wheat over the period 1980-94. In periods when high quality wheat was in short supply the CWB was able to charge higher premiums.We also show that during the period of export subsidies the CWB earned farmers a premium by avoiding subsidized markets.

Keywords: State Trading; Wheat Marketing; Price Premium (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (10)

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DOI: 10.1080/13571519984160

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