Quality and Grading Risk

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


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.


Quality Characteristic Agricultural Commodity Price Function Post Ranking Price Risk 
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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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