The Federal Hop Marketing Order and Volume-Control Behavior
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The Hop Administrative Committee of the hop marketing order has been reasonably
accurate m projecting quantities supplied and demanded and in formulating their
recommended salable percentage to the Secretary of Agriculture The Federal Hop
Marketing Order has helped stabilize hop acreages and nominal hop prices and has
reduced cyclical variation In production Acreage and production stabilization may indicate
a more stable decision environment leading to a more efficient resource
allocation