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A Discriminant Analysis of Grain Market Structure in Selected States of the South and Cornbelt

Published online by Cambridge University Press:  05 September 2016

E. Dean Baldwin ,
Cameron S. Thraen  and
Donald W. Larson
E. Dean Baldwin
Affiliation:
Department of Agricultural Economics and Rural Sociology, Ohio State University
Cameron S. Thraen
Affiliation:
Department of Agricultural Economics and Rural Sociology, Ohio State University
Donald W. Larson
Affiliation:
Department of Agricultural Economics and Rural Sociology, Ohio State University
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Abstract

Scherer's industrial organization model is modified to characterize the grain marketing system. The modified model identifies the important relationships between economic characteristics and the type of grain facilities found in three states; Alabama, Illinois, and Ohio. Multivariate linear discriminant analysis is used to identify the important basic supply, demand, and transportation variables within and among these states. It is concluded that the structural differences among selected grain marketing regions can be explained by regional differences in basic supply, demand, and transportation variables. The findings suggest that Scherer's industrial organization model can be adapted to explain the diverse structure of the grain marketing system in selected states.

Keywords

industrial organization modelgrain market structurediscriminant analysis
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 16 , Issue 2 , December 1984 , pp. 117 - 126
Copyright
Copyright © Southern Agricultural Economics Association 1984

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