An Economic Evaluation of Expanded Canadian 3‐M Wheat Exports

Henning, John C.; Martin, Larry J.

doi:10.1111/j.1744-7976.1989.tb03365.x

Cited by 7 publications

(7 citation statements)

References 15 publications

(5 reference statements)

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“…The exception is the price for Canada Western Red Winter wheat (CWRW), which is obtained from Grain Trade of Canada and converted to U.S. dollars via exchange rates published in the Bank of Canada Review and then adjusted to be consistent with the IWC prices.4 The data cover the period starting in 1980-81 and ending in 1988-89. This contrasts with the studies of Veeman (1987), Wilson (1989) and Henning and Martin (1989), which were over 1976-84, 1973-86 and 1960-81, respectively. Only recently has information regarding wheat quality in the United States and Australia been gathered and this is why the analysis could not cover a period starting prior to 1980.…”

Section: Data Methodology and The Relationships Between Wheat And Flcontrasting

confidence: 59%

“…the implication of the results obtained above is that wheat models assuming product homogeneity generate estimates that have no clear interpretation. Wheat models not only must allow for product differentiation by country of origin but also must explicitly recognize the fact that wheat purchased for different end uses should be considered as related but different products, as in Henning and Martin ( 1989). Combining these two levels of product differentiation makes modeling of the world wheat market much more complex and therefore more research needs to be done to determine the efficiency loss associated with dropping either form of product differentiation.…”

Section: Implications Of the Resultsmentioning

confidence: 99%

“…It should be noted that the existence of a premium for Canadian wheats does not invalidate the policy implications derived in previous studies about the yieldquality trade-off and the licensing of new varieties in Canada (e.g., Henning and Martin 1989: Vecnian 1987: Carter. Loyns and Ahmadi-Esfahani 1986Ulrich, Furtan andSchmitz 1987: Loyns andCarter 1984).…”

Section: Introductionmentioning

confidence: 87%

“…In contrast, Wilson (1989, 74) affirmed that Canadian origin wheats relative to U.S. origin wheats in the Rotterdam market and relative to Australian origin wheats in the Japanese market receive a substantial premium. Henning and Martin (1989) used another form of product Canadian Journal of Agricultural Economics 39 (1991) 103-1 17 differentiation to analyze the world wheat market. Their approach relied on a classification system in which wheat is segregated on an end-use basis.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Is Wheat a Homogeneous Product?

Larue

1991

Canadian J Agri Economics

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A hedonic approach is used to test for two kinds of product differentiation for wheat. It is shown that wheat is differentiated by end use and by country of origin. This simply recognizes the fact that buyers purchasing wheat for different purposes put different weights on quality criteria and that country‐specific factors such as weather as well as grading and inspection systems matter. The results suggest that between 1980 and 1988, wheat protein content had a significant influence on price. This influence varies over time and across wheat categories.

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Section: Data Methodology and The Relationships Between Wheat And Flcontrasting

confidence: 59%

Section: Implications Of the Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 87%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Is Wheat a Homogeneous Product?

Larue

1991

Canadian J Agri Economics

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“…8 Similar studies are presented by Veeman (1987), Wilson (1989), and Hennings and Martin (1989). 9 The test weight appears to be significant; however, the sign is opposite to expectations.…”

Section: Model Specification and Datasupporting

confidence: 83%

Seasonal Quality Premiums for Wheat: A Case Study for Northern Germany

et al. 2014

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Seasonal variations of the price premium for bread and feed wheat indicate opportunities to profitably adjust the grain marketing strategy of farmers that harvest (and store) both wheat types. In this article, we estimate the seasonal pattern of wheat price premiums on the German market using a vector error correction approach, which accounts for multivariate autoregressive conditional heteroscedasticity of the error terms. Our results indicate a significant downward trend for the premium during the marketing season, with the trend's magnitude depending on the average quality of harvested wheat. If farmers separately store both bread and feed wheat, they should tend to sell bread wheat before they sell feed wheat, particularly in years of low average wheat qualities. Further, the volatility of the price premium significantly decreases over the season, indicating higher risks at the beginning and lower risks towards the end.

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Quality Changes and the Volume of Trade: A Geometric Approach

Larue

Lapan

1990

Canadian J Agri Economics

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This paper investigates the relationship between product quality and the volume of trade using the characteristic approach in the context of a simple general equilibrium trade model. It is shown that increasing the quality of the import good induces an increase (fall) in the volume of imports when the import demand is elastic (inelastic). It is also shown that the volume of trade is not necessarily reduced when the quality of the import good is uncertain. Given the situation in the world wheat market, these results provide some support for Canada's concerns over quality and the reliability of its grading and inspection services.Ce papier a pour but d'analyser les effets d'un changement dans la qualite des importations sur le volume des importations de mCme que sur la rtpartition de la production domestique. Le modkle utilisC en est un d'tquilibre gtntral et exploite les avantages d'une fonction d'utilitt ayant des caracttristiques comme arguments. I1 est dtrnontrt que I'effet d'un changement de qualit6 sur le volume des importations dipend de I'tlasticite pour la demande des importations. Le volume d'importations dans un environnement incertain n'est pas ntcessairement moins tlevt que dans une situation ou il n'y a pas d'incertitude dans la qualite des importations. Nos rtsultats, 1orsqu'appliquCs au march6 mondial du blC, supportent la position du Canada en ce qui a trait a la qualite de son ble et I'intCgritC de ses services d'inspection et de classement.

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An Economic Evaluation of Expanded Canadian 3‐M Wheat Exports

Cited by 7 publications

References 15 publications

Is Wheat a Homogeneous Product?

Is Wheat a Homogeneous Product?

Seasonal Quality Premiums for Wheat: A Case Study for Northern Germany

Quality Changes and the Volume of Trade: A Geometric Approach

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