The market valuation of wheat quality characteristics

Abstract

Addresses whether the grain quality factors used by the Federal Grain Inspection Service of the US Department of Agriculture in determining the quality grades of wheat exported by the USA including test weight, dockage, moisture content, percentage of foreign material, percentage of shrunken and broken kernels, and protein content, are characteristics that influence the price of wheat for export. Using data on the transactions price for hard red winter wheat, hard red spring wheat, and soft white wheat and the associated quality characteristics, exported between January 1990 and October 1991 to 63 countries, finds that only the test weight and the protein content are characteristics consistently valued by the market.

Citation

Uri, N.D. and Hyberg, B. (1996), "The market valuation of wheat quality characteristics", Journal of Economic Studies, Vol. 23 No. 3, pp. 44-63. https://doi.org/10.1108/01443589610124390