The Many Prices of Wheat

William R. Askew

No 321992, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Excerpt from the report: The domestic wheat program in the United States has been changed significantly in recent years. The major change, in 1963, was in the method of guaranteeing wheat prices. Earlier, there had been little difficulty in understanding wheat prices and producer returns. Some people regard the current program as a two-price or multiple-price plan as opposed to the single price which was the producer's sole return in earlier years. Actually, even today, the market price is the only true price. All other producer returns or costs to buyers have a fixed relation to the market price. This article attempts to explain who gets what and who pays what for wheat.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis; Marketing (search for similar items in EconPapers)
Pages: 12
Date: 1969-06
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:321992

DOI: 10.22004/ag.econ.321992

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