Agricultural Information Bulletin No. (AIB-747) 6 pp

August 2004

Current Issues in Economics of Food Markets

These reports synthesize economic analyses of the complex relationships in food markets of interest to officials responsible for public policy, decisionmakers in the industry, and researchers. Topics addressed so far include the economizing practices of low-income households in making food purchases, the increasing vertical coordination and integration of the industry, the link between consolidation of retailers and orange juice prices, the effects of a higher minimum wage on food prices, how taxes affect food markets, and lessons learned from the use of rbST in dairy production.

Keywords: food markets, minimum wage, taxes, vertical coordination, consumer biotechnology, low-income households, food purchasing behavior, orange juice, rbST, food retailer consolidation

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