Organic Field-Crop Futures Markets
In this episode, Jeff Schahczenski, agricultural and natural resource economist for NCAT’s ATTRA – the National Sustainable Agriculture Information Service – who works at NCAT’s headquarters in Butte, Montana, talks about the current and future development of organic field-crop markets with Jessie Bovay and Ryan Koory.
Jessie and Ryan work with Mercaris, a national data service company that explores organic, transitional organic, and non-GMO field-crop prices and performs market analytics and trade identity preserved field-crop production studies. Ryan is a senior economist with Mercaris, and Jessie is director of business development.
Organic field-crop markets are often referred to as “thin” markets, which means there are few purchasers of organic field-crops and the volume of organic crops traded in the market is relatively low. Market thinness in organic agriculture impacts organic farmers because price transparency is very limited in thin markets, and supply and demand of organic products do not necessarily adjust efficiently. Thus, product surpluses and gluts might be more likely, perhaps creating greater price volatility.
For more information on this subject, you can contact Jeff Schahczenski at firstname.lastname@example.org.
To contact Jessie Bovay and Ryan Koory, go to the Mercaris website.
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