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AFS401

A Research Guide for Agricultural & Food Systems 401

Project Goals

Partnering Organization: J.R. Simplot Company

Project Goals:

  • Learn how federal milk market orders work
  • Understand how farmgate milk prices are determined in Washington and observe historical prices
    • FMMA Seattle
    • NASS
  • Understand futures, options and DRP fundamentals
    • CME Coursework
  • Relate futures, options and DRP to Washington farmgate milk prices using statistical techniques
    • Consider seasonality, quality adjustments and potential policy changes
  • Understand basis and how it relates to price risk management

A Note About Finding Resources

Among many different types of research resources, this project is going to require finding data pertaining to the changing milk market industry, historical market and yield information, as well as scholarly research. 

Listed below are resources that might assist you with this project. It is by no means meant to be an exhaustive list. Rather it is meant to get you thinking about what sort of resources you might need and where they may come from.

If you have any question, please email me.

Understanding Farmgate and Finding Market Data

For this project you will have to understand how milk prices are determined in Washington as well as historic market prices. Below are some resources to get you started.

Understanding and Defining Farmgate as it Relates to Milk Prices

Finding Industry and Market Data

Finding Industry Reports, Company Information, Press, & More

This project requires you to explore several aspects of the regional milk industry. To do this, you may need to examine corporate and industry profiles, trade publications, press releases, newspapers, and much more.

Below are a few resources to get you started. 

TipThink about the keywords that you will be using for your searches. The lone term "milk" might get you too many erroneous search results. Therefore you may need to refine your keywords to "milk industry" or "milk markets."

Helpful Industry Resources

  • Nexis Uni - Provides information on U.S. and international private and public companies. Info may include: Company description and history, competitors, subsidiaries, size, officers and directors, annual stock price averages, and more.
  • Business Source Complete - Allows you to search company and industry information across popular press, trade journals, product reviews, and much more. Also provides information regarding company and industry profiles. This may be helpful when for searching for information regarding companies within the hop industry. 

For more in-depth information regarding corporate research, take a look at the Company Research Library Guide. 

Newspaper and Trade Publications

  • Newspaper Source - This database provides selected full text coverage for 245 newspapers, newswires and other sources.
  • Nexis Uni - An excellent source for searching for information within state/regional/US newspapers (including the New York Times) as well as English-language foreign newspapers and foreign language newspapers. 

See also WSU News and Newspaper Research Guide

Finding Peer-Reviewed Research

You will probably also have to locate scholarly and peer-reviewed research. Below are a few scholarly databases that will be particularly helpful.

WSU Libraries, PO Box 645610, Washington State University, Pullman WA 99164-5610, 509-335-9671, Contact Us