Hostname: page-component-586b7cd67f-rdxmf Total loading time: 0 Render date: 2024-11-30T23:11:05.887Z Has data issue: false hasContentIssue false
  • English
  • Français

Extension's Role in Commodity Marketing Education: Past,Present, and Future

Published online by Cambridge University Press:  26 January 2015

John M. Riley
John M. Riley*
Affiliation:
Department of Agricultural Economics at Mississippi State University, Mississippi State, Mississippi
Get access Rights & Permissions [Opens in a new window]

Extract

Historically, market situation and outlook has often included some form ofprice forecast. Recent volatility in agricultural commodity markets ismaking price forecasts challenging and at times less reliable. In addressingthis price volatility, changes in agricultural markets are highlighted alongwith price forecasts: pre- and postincreased market volatility. Given theserecent challenges, the future of Extension agricultural commodity marketingis discussed.

Keywords

agricultural pricescommodity marketsprice forecastingQ11Q13
Type
Session Title: Assistant Professor Leadership Award Winners' Invited Paper Series
Information
Journal of Agricultural and Applied Economics , Volume 45 , Issue 3 , August 2013 , pp. 537 - 555
Copyright
Copyright © Southern Agricultural Economics Association 2013

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Bessler, D.A., and Brandt, J.A.. “An Analysis of Forecasts of Livestock Prices.” Journal of Economic Behavior & Organization 18(1992):49–263.Google Scholar
Cabrini, S.M., Irwin, S.H., and Good, D.L.. “Should Farmers Follow the Recommendations of Market Advisory Services? A Hierarchical Bayesian Approach to Estimation of Expected Performance.” American Journal of Agricultural Economics 92(2010):622-37.10.1093/ajae/aaq024Google Scholar
Dhuyvetter, K.C., and Kastens, T.L.. “Forecasting Grain Basis: Practical Alternatives.” Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. Chicago, IL, 1998. Internet site: www.farmdoc.uiuc.edu/ ncccl34. Accessed December 3, 2012.Google Scholar
Fama, E.F. “Efficient Capital Markets: A Review of Theory and Empirical Work.” The Journal of Finance 25(1970):383–423.Google Scholar
Irwin, S.H., Gerlow, M.E., and Liu, T.. “The Forecasting Performance of Livestock Futures Prices: A Comparison to USDA Expert Predictions.” Journal of Futures Markets 14(1994):861-75.10.1002/fut.3990140707Google Scholar
Irwin, S.H., Good, D.L., and Martines-Filho, J.. “The Performance of Market Advisory Services in Corn and Soybeans.” American Journal of Agricultural Economics 88(2006):162-81.10.1111/j.1467-8276.2006.00845.xGoogle Scholar
Kastens, T.L., Jones, R., and Schroeder, T.C.. “Futures-based Price Forecasts for Agricultural Producers and Businesses.” Journal of Agricultural and Resource Economics 23(1998):294–307.Google Scholar
Kastens, T.L., and Schroeder, T.C.. “Efficiency Tests of Kansas City Wheat Futures.” Journal of Agricultural and Resource Economics 21(1996):187-98.Google Scholar
Kastens, T.L., Schroeder, T.C., and Plain, R.. “Evaluation of Extension and USDA Price and Production Forecasts.” Journal of Agricultural and Resource Economics 23(1998):244-61.Google Scholar
National Cotton Council. Monthly prices. Internet site: www.cotton.org/econ/prices/monthly.cfm (Accessed November 21, 2012).Google Scholar
Sumner, D.A. “Recent Commodity Price Movements in Historical Perspective.” American Journal of Agricultural Economics 91(2009):1250-56.10.1111/j.1467-8276.2009.01292.xGoogle Scholar
Tonsor, G.T., Dhuyvetter, K.C., and Mintert, J.R.. “Improving Cattle Basis Forecasting.” Journal of Agricultural and Resource Economics 29(2004):228-41.Google Scholar
U.S. Department of Agriculture, Agricultural Marketing Service. 5 Area Weekly Weighted Average Direct Slaughter Cattle Summary, LM_CT150. Weekly Issues 1990-2012. Internet site: www.ams.usda.gov/mnreports/lm_ctl50.txt.Google Scholar
U.S. Department of Agriculture, Agricultural Marketing Service. Omaha-Council Bluffs Grain Summary, WHJGRIIO. Weekly Issues 1990-2012. Internet site: www.ams.usda.gov/mnreports/wh_gr110.txt.Google Scholar
U.S. Department of Agriculture, Agricultural Marketing Service. Oklahoma City Weekly Feeder Cattle Weighted Average Summary, KO_LS750. Weekly Issues 1990-2012. Internet site: www.ams.usda.gov/mnreports/ko_ls750.txt.Google Scholar