Theses and Dissertations at Montana State University (MSU)
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Item The costs of cooperation: the effects of section 199 on basis for farm cooperatives in the midwest(Montana State University - Bozeman, College of Agriculture, 2019) Swanson, Andrew Chase; Chairperson, Graduate Committee: Anton BekkermanThe 2004 American Jobs Creation Act created Section 199, a tax provision for producers of domestic goods. During the ensuing decade, Section 199 became especially important for agricultural cooperatives, partly because of a series of favorable Internal Revenue Service private letter rulings for marketing cooperatives. I analyze the impacts of Section 199 on agricultural markets by assessing differential effects on the pricing behavior of grain marketing cooperatives and non-cooperatives in Nebraska and Kansas. I first develop a model for the agricultural cooperatives pricing behavior that incorporates a tax on the qualified patronage received by cooperative patrons. This model produces several testable predictions. First, Section 199 will lower the spot prices offered by cooperatives while increasing the spot prices offered non-cooperatives that compete with cooperatives for agricultural commodities. Second, the widening of prices between cooperatives and non-cooperatives will be mitigated by increased spatial competition. I empirically test the predictions of this model using a difference-in-difference empirical strategy and winter wheat basis data. The results indicate that the series of IRS letter rulings in 2008 widened the basis differential between cooperative and non-cooperative firms by almost 5 cents per bushel on average. Furthermore, these market distorting effects are greater for elevator locations that do not have a competing location within 10 miles of their location. While the benefits of Section 199 have been widely touted by cooperative lobbying groups, the results of this thesis show the importance of also considering the costs of policy interventions directed at specific agricultural firm types.Item Economic study of hog and pork marketing in Montana(Montana State University - Bozeman, College of Agriculture, 1957) Chase, William M.Item An economic study of milk produced and processed for manufacturing purposes in selected Montana areas(Montana State University - Bozeman, College of Agriculture, 1968) Cothern, James HaroldItem An analysis of factors affecting the demand for milk in Montana(Montana State University - Bozeman, College of Agriculture, 1980) Barkell, John ElliottItem Marketing fluid milk in Montana(Montana State University - Bozeman, College of Agriculture, 1952) Clark, Ralph WaldoItem Livestock market information from auctions(Montana State University - Bozeman, College of Agriculture, 1958) Pulis, Richard H.Item The development of a hypothetical federal milk marketing order for the Great Falls-Hi-Line Area and a comparison of this order with the Montana Milk Control Law in its present state of effectiveness(Montana State University - Bozeman, College of Agriculture, 1963) Litschauer, John George; Montana. Milk Control BureauItem A dynamic price and supply model of the U.S. pork industry(Montana State University - Bozeman, College of Agriculture, 1984) Black, Cecil DeeItem The development of a milk pricing formula at the processor-distributor level for Montana(Montana State University - Bozeman, College of Agriculture, 1966) Vesterby, Marlow ClaytonItem Supply response of Grade A milk production in upper Flathead Valley(Montana State University - Bozeman, College of Agriculture, 1956) Davidson, Jack R.