Distorted Incentives: The Simple Arithmetic of Captive Supply
incentivepdf The dominant captive supply arrangement is a marketing agreement with a base price tied to the residual cash market price. Such agreements distort buyer incentives. This is basic Econ 101!...
View ArticlePut Up or Shut Up: Wanted, Documented Evidence of the Existance of Competition
by Randy Stevenson, President We have listened for quite a long time to a number of experts expound on the virtues and flaws of the cattle market. We’ve seen surveys (some masquerading as “studies”)...
View ArticleThe GIPSA Bubble
by Randy Stevenson, President When the market moves, there is usually more than one single factor involved. This is especially true the more long-term we look at the market. But it is also common that...
View ArticleThe Family Farm
I am Fred Stokes from Porterville, Mississippi. I am happy and honored to be a participant in this conference. Ralph Nader is one of my heroes and the epitome of unselfish commitment to worthy causes....
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