Abstract
Information surrounding new United States farm policy is disseminated and processed by agricultural stake holders world wide. This information can provide the impetus for investors to trade commodities, farmers to plant, ranchers to sell livestock, and numerous other individuals to get involved in the expectation of an associated price change. New agricultural policy, therefore, is a federal government interruption in "business as usual" cycles and serves to create fluctuations in market price relationships. This thesis suggests that long-run equilibria exist and are distinguished by the farm policy present during the twenty years covered. Key words: cointegration, long-run equilibrium, Raw Fiber Equivalent cotton, AIndex, Memphis, and U.S. Ending Stocks.
Cook, Katherine Renee' (1997). Impact of farm policy on cotton prices in the United States: a study of cointegrated textile prices. Master's thesis, Texas A&M University. Available electronically from
https : / /hdl .handle .net /1969 .1 /ETD -TAMU -1997 -THESIS -C673.