The price-quality relationship of lint cotton in five local markets in southeast, Missouri, 1951-1953

Abstract

"A purpose of this study is to determine the effectiveness of the various local markets in reflecting to cotton producers the average price level prevailing for cotton, and in reflecting central market premiums and discounts in accordance with variation in quality. Anther purpose will be to determine if hog-round buying, paying only one price for all qualities, is used to purchase the producer's products. In the event that cotton is not sold on the quality basis and hog-round buying prevails in the local market, the purpose is to resolve if this type of buying or buying based on quality gives the greatest advantage to the cotton producer. An additional purpose is to evaluate the economic significance of these practices and suggest possible improvements, if any are needed, in the marketing structure."--Page 1-2