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

  • E. Dean Baldwin (a1), Cameron S. Thraen (a1) and Donald W. Larson (a1)

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.

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References

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Lower, Marcus E.A Discriminant Analysis of the Grain Merchandising Industry's Structure for Three Regions, (Western Cornbelt, Eastern Cornbelt and South):1977“. Unpublished M.S. thesis, Department of Agricultural Economics and Rural Sociology, The Ohio State University, Columbus, Ohio, 1982.
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Keywords

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

  • E. Dean Baldwin (a1), Cameron S. Thraen (a1) and Donald W. Larson (a1)

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