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- W3122884055 abstract "Montana has more than five thousand farms growing grain and one railroad shipping it.1 In a typical year Montana produces 150 million bushels of wheat (approximately 500,000 farm trucks), ships 140 million bushels out of state (approximately 50,000 railcars or 450 110-car grain shuttle trains), and exports 100 million bushels from terminals in the Pacific Northwest (approximately fifty 62,000 ton freighter ships).2 The value of this volume of grain depends on its movement to national and world markets beyond Montana’s borders. Transporting it from the high plains to these markets requires railroad service to the extent that more than 97% of wheat shipments out of Montana travel by rail.3 Without competitive transportation alternatives to rail, or competitive railroad alternatives to the dominant statewide carrier, Montana’s grain producers, and the grain elevators that intermediate between the producers and the railroad, are “captive shippers.”4 By definition, the prices offered to captive shippers by a railroad monopoly are not effectively constrained by market competition. Instead, if captive shippers are to have any protection at all from a railroad’s potential abuse of monopoly power, laws must fill the gap left by competition’s ab-" @default.
- W3122884055 created "2021-02-01" @default.
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- W3122884055 date "2009-01-01" @default.
- W3122884055 modified "2023-09-26" @default.
- W3122884055 title "Captive Regulators, Captive Shippers: The Legacy of McCarty Farms" @default.
- W3122884055 hasPublicationYear "2009" @default.
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