Price Specification in Milk Supply Response Analysis

1982 ◽  
Vol 64 (2) ◽  
pp. 286-288 ◽  
Author(s):  
Richard A. Levins
1990 ◽  
Vol 72 (4) ◽  
pp. 864-872 ◽  
Author(s):  
Don P. Blayney ◽  
Ron C. Mittelhammer
Keyword(s):  

2018 ◽  
Vol 218 ◽  
pp. 195-200 ◽  
Author(s):  
Muhammad Shahzad ◽  
Abbas Ullah Jan ◽  
Shahid Ali ◽  
Raza Ullah

1980 ◽  
Vol 9 (1) ◽  
pp. 41-45 ◽  
Author(s):  
G. Joachim Elterich ◽  
Sharif Masud

Milk supply response by dairy farmers in Delaware was analyzed employing distributed lag price structures for number of milk cows and milk production per cow. A polynominal distributed lag model is fitted to quarterly data with deflated prices for the period 1966 to 1978. The variations in the number of milk cows is explained by about 98 percent. Farmers react positively to milk prices after 1–2 years, while wages and feed prices have a negative impact on cow numbers. Milk production per cow shows positive adjustments to milk prices after 6 to 15 months. Technology and feed prices influence also milk production While the short-run price elasticity of milk production is only .2, the long-run aggregate elasticity grows to 2.8 percent. Intermediate-run projections of milk supply were also performed with the model.


1996 ◽  
Vol 78 (4) ◽  
pp. 1122-1124
Author(s):  
Jean‐Paul Chavas ◽  
Thomas L. Cox

1984 ◽  
Vol 13 (1) ◽  
pp. 152-156 ◽  
Author(s):  
David Hallam
Keyword(s):  

1987 ◽  
Vol 19 (2) ◽  
pp. 153-161 ◽  
Author(s):  
Kamil H. Shideed ◽  
Fred C. White ◽  
Stephen J. Brannen

AbstractNaive and adaptive schemes have been used as proxies for price expectations in previous studies of supply response. Those studies contain mixed formulas of futures, support, and lagged prices as alternative formulations for price expectations. This study uses a conditional expected price which combines both market and support prices into one price expectations measure. It defines the total effect of available information on supply response. The results indicate the potential usefulness of formulating expected prices as conditional price expectations in supply response analysis, with support prices being the conditional set. Under the provisions of the 1985 Farm Bill, significant reductions in corn and soybean acreages are in prospect for 1987-90.


1990 ◽  
Vol 12 (2) ◽  
pp. 149-164
Author(s):  
Jean-Paul Chavas ◽  
Alan Francis Kraus ◽  
Edward V. Jesse

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