Abstract
Farm gate prices for crops in many developing countries vary widely within a cropping season, by village, and by farmer. One hypothesis for this heterogeneity is that farmers are prevented from arbitraging prices due to lack of credit, forcing them to sell right at harvest, or in response to an immediate need for cash, such as illness. Even with credit, farmers need to have access to agricultural markets to take advantage of price arbitrage opportunities. In this paper, using longitudinal data on 1,348 households in India, we ask whether farmers are