Commodity Marketing in the Ad Hoc Era
This paper considers the effects of increased ad hoc payments on storage and marketing decisions. Increased ad hoc payments incentivizes stockholding and selling later in the marketing year.
The Rationality of Farmland Price Expectations for Measures of Central Tendency
This paper tests price expectation rationality at the mean, median, and mode. Expectations are mean-rational about half the time but mode-rational in ~72% of cases, suggesting respondents report the ‘most likely’ value. Under review at Land Economics.
Market Integration and Economic Policy Uncertainty in International Soybean Trade
This paper examines the market integration among major exporters and importers of soybeans. Under review at Food Policy.