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Abstract

The past decade of evolution in the U. S. Agricultural Marketing system has presented agricultural economists with some interesting and challenging research questions. Unfortunately, we have been unable to answer adequately many of these questions. The following is a list of some of the questions that we have failed to answer (perhaps in some cases even failed to ask). When are markets too thin? Is the market establishing "correct" prices? What type and how much information is required for markets to determine the correct prices? Do market information reports such as the Yellow Sheet and the Urner-Barry Report provide an adequate basis for effective price determination processes? Is the Yellow Sheet manipulated? When are prices unduely enhanced? Would it be socially desirable to restructure the U. S. food processing and retailing industry?

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