How Do the Recent Farm Price Fluctuations Affect Consumer Prices?
This study looks at the effects of the turbulent rise and fall of farm prices of 2008 and 2009 on retail food prices at a major U.S. supermarket. The results show that retail prices have been largely unresponsive to the movements of farm prices, though retailers are more apt to respond to price increases than decreases.
farm prices, retail food prices
Volpe, Richard. 2009. "How Do the Recent Farm Price Fluctuations Affect Consumer Prices?" ARE Update 12(4): 4-7. University of California Giannini Foundation of Agricultural Economics.