(Podcast) Episode 018: Price Formation Across the Food Marketing Chain

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What are some key things to know about food price formation, competitiveness in the food market, and food retail and supply? The AgEconMT crew chats with Dr. Ricky Volpe, assistant professor in the department of Agribusiness at Cal Poly to unpack these questions, here are some of the highlights:

Min 2:10 Explain the difference between beef prices in the grocery and the price for which a beef producer sells the animal?

Min 3:40 How does the farm share of the retail dollar change over time?

Min 4:30 Is there a different farm share for an organic/ “high value” product than conventional

Min 5:55 What are some price projection trends for some commodities that we might be interested in here in Montana?

Min 7:40 How does having one supermarket in a town versus several affect how much people pay for food?

Min 9:10 What are the boundaries between markets?

Min 11:40 What is a Supercenter and how does it affect the prices I pay elsewhere?

Min 15:40 Thoughts to encourage supermarkets in smaller, more rural areas?

Min 20:40 Do you have any strategies to share with us on how to grocery shop?

(Intro and outro music by Trevor Sensor)

 (Photo by Caden Crawford is licensed under CC BY 4.0)

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About Author

Kate Binzen Fuller is an assistant professor and extension specialist in the Department of Agricultural Economics and Economics at Montana State University. She holds an M.S. and Ph.D. from the University of California, Davis. Her extension and research program focuses on the economics of farm management decisions, including USDA programs and policies, pests and diseases responses, and issues surrounding leasing and land values. Kate’s extension program takes her on the road often, resulting in a rapidly expanding knowledge and appreciation for Montana’s interstates, highways, and (especially) gravel roads.

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