Agricultural Economics Department
First Advisor
Kate Brooks
Second Advisor
Lia Nogueira
Third Advisor
Cory Walters
Date of this Version
10-2020
Document Type
Thesis
Citation
A thesis presented to the faculty of the Graduate College at the University of Nebraska in partial fulfillment of requirements for the degree of Master of Science
Major: Agricultural Economics
Under the supervision of Professors Kate Brooks and Lia Nogueira
Lincoln, Nebraska, October 2020
Abstract
In this thesis, we empirically examine the role of conventional and end-use wheat quality characteristics on the pricing of hard red winter wheat (HRWW). We use detailed quality characteristic data as well as location matched price data for 50% and 100% harvest completion weeks and utilize a hedonic price analysis framework. We find evidence that end-use characteristics, specifically milling and baking quality characteristics, have a statistically and economically significant effect on the price of HRWW. This evidence suggests that, while HRWW producers are not directly paid premiums or discounts for end-use quality, they are paid indirectly through basis. Comparing results between harvest completion periods, there is evidence suggesting the importance of new market quality information as harvest progresses. Our findings indicate that there are other characteristics to consider when grading wheat, to better convey end-use quality to both producers and buyers. These results suggest that breeders enhancing end-use characteristics in new wheat cultivars may improve producer profitability.
Advisors: Kate Brooks, Lia Nogueira
Comments
Copyright 2020, Shane J. Roberts