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Please use this identifier to cite or link to this item: http://purl.umn.edu/90551

Title: Identifying Abnormal Returns to Food and Agribusiness Stocks on Key Farm Policy Legislative Dates
Authors: Detre, Joshua D.
Gunderson, Michael A.
Briggeman, Brian C.
Keywords: agribusiness stock values
event study
farm bill
Issue Date: 2008
Abstract: The efficient market hypothesis would suggest that stock prices incorporate the information revealed in the public process of creating legislation as the debate occurred. Thus, there should be no abnormal returns to agribusiness stocks on key legislative dates when drafting and altering the farm bill. Using an event study methodology, key legislative dates are tested for abnormal returns to firms that supply inputs to or process outputs of agricultural producers. Typically, agribusinesses react on the date legislation emerges from the joint House and Senate conference committee.
URI: http://purl.umn.edu/90551
Identifiers: 0738-8950
Institution/Association: Journal of Agribusiness>Volume 26, Number 1, Spring 2008
Total Pages: 19
From Page: 21
To Page: 39
Collections:Volume 26, Number 1, Spring 2008

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