Date of Award
8-2024
Degree Type
Report
Degree Name
Master of Science (MS)
Department
Applied Economics
Committee Chair(s)
Ryan Feuz (committee chair)
Committee
Ryan Feuz
Committee
Ryan Bosworth
Committee
Ryan Larsen
Committee
Man-Keun Kim
Abstract
This paper looks at how market strength affects the price premiums and discounts associated with alfalfa hay quality grades. Previous research has mainly focused on how attributes of alfalfa hay influence the price received. In this study, we use ordinary least squares linear regression and visual data representations to examine the effects of market strength on price received in conjunction with hay quality. The results demonstrate that during periods of relatively high average prices of alfalfa hay there is no significant impact on the average premiums and discounts associated with hay quality. However, during periods of relatively low average prices, there are notable changes in the premiums and discounts for alfalfa hay quality grades. These findings can help alfalfa hay producers make better decisions by understanding how market strength affects the prices they receive, which can influence their production practices
Recommended Citation
Wilkins, Colby, "Analyzing Market Dynamics: Effects on Quality Grade Premiums and Discounts for Alfalfa Hay" (2024). All Graduate Reports and Creative Projects, Fall 2023 to Present. 44.
https://digitalcommons.usu.edu/gradreports2023/44
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