SOFT WHITE AND SOFT RED WHEAT PRODUCTION AND MARKETING IN MICHIGAN: IMPORTANCE SUPPLY, DEMAND, PRICE BEHAVIOR, AND FUTURES MARKET RELATIONSHIPS
1977
Carman, Garth A.
Many different classes of wheat are grown in Michigan's agriculture sector but only two types of wheat are grown to any significant degree. Easily the most dominant type of wheat grown is soft white wheat which is a sub-class of white wheat. The other class of wheat grown in Michigan is soft red wheat. Since these two wheat crops comprise consistently over 90% of the wheat acreage in Michigan this analysis will only be concerned with them. The purpose of this study is to examine the trade-offs in producing and marketing soft white and soft red wheat in Michigan for the purpose of identifying optimal strategies for the participants. The uses of both types of wheat will be examined as well as the impact of new technology on the substitutability of soft red for soft white wheat.
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