@article{Stiegert:201565,
      recid = {201565},
      author = {Stiegert, Kyle and BAlzar, Brian},
      title = {Evaluating the U.S. Wheat Protein Complex},
      address = {2001-05},
      number = {1803-2016-142586},
      series = {FSWP},
      pages = {28},
      year = {2001},
      abstract = {In this paper, we modeled the economic linkages between a  commodity (wheat
gluten) and a commodity characteristic  (wheat protein). The purpose of this research
was to  address several issues in the wheat protein complex  including the impact of the
U.S. gluten import quota on  producer protein premiums. Four important conclusions
were  found. First, the hard red winter (HRW) protein market  strongly influenced wheat
gluten market but the wheat  gluten market had its greatest influence on the hard  red
spring (HRS) protein market. Second, the demand for  intrinsic protein was estimated to
be very elastic. Thus,  the returns to breeding or biotechnology programs designed  to
raise protein levels of wheat are likely to remain  stable in response to small increases in
wheat protein  content. Third, the U.S. import quota on wheat gluten was  estimated to
provide a 14% increase in the price of wheat  gluten in the first year. By the third year,
prices will be  only 5% above the pre-quota price. U.S. gluten supplies  will increase
about 15% in the first year and remain at  about that level for the next two years.
Although these are  small estimated impacts, they are not far from what the  USITC had
anticipated. Finally, the 3-year quota increased  protein premiums and provided about
$500 ($1000) in  additional revenue for an average 1000 acre farm producing  HRW
(HRS) wheat.},
      url = {http://ageconsearch.umn.edu/record/201565},
      doi = {https://doi.org/10.22004/ag.econ.201565},
}