Michael A. Hudson

Why agribusiness anyway

“The distinctive competence of an organization is more than what it can do well; it is what it can do particularly well.” (K.R. Andrews 1 ).

Lead-lag relationships between interest rates, exchange rates, and agricultural exports to Japan

Agribusinesses are focusing increased attention on linkages between the US agricultural sector and international economic variables. Increased dependency by the agribusiness sector on exports, greater variability in interest rates, and greater variability in exchange rates are illustrative of recent changes. Lead-lag relationships between interest rates, exchange rates, and agricultural exports suggest strong relationships in the US and several industrialized nations. US interest rates often lead foreign exchange rates, while relationships between interest rate differentials and exchange rates are generally instantaneous.