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The Role Of Quality Characteristics In Pricing Hard Red Winter Wheat, Shane J. Roberts

Department of Agricultural Economics: Dissertations, Theses, and Student Research

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 …