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Quality and Grading Risk

  • Ethan Ligon
Chapter
Part of the Natural Resource Management and Policy book series (NRMP, volume 23)

Abstract

Many (perhaps most) sorts of agricultural commodities are not homogeneous, but instead vary according to a set of quality characteristics. Some of these characteristics may be easy to inexpensively measure — many sorts of fresh fruit, for example, are sorted into different sizes by using a sizing belt. However, others may be difficult to measure non-destructively — think of trying to measure the color of flesh of a whole melon. In between these extremes (characteristics that are easily measured and those that are difficult or impossible to non-destructively measure) lie the sorts of characteristics that consumers may place a high value on, yet which can be easily measured only by the prospective consumer, such as the smell of a tomato.

Keywords

Quality Characteristic Agricultural Commodity Price Function Post Ranking Price Risk 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Ethan Ligon
    • 1
  1. 1.University of CaliforniaBerkeleyUSA

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