For a half-century the parity ratio has served as the most commonly used measure of the effects of relative price changes on the farm economy The authors present a consistent economic model which measures the price-related income effects of relative price changes in selected sectors of the U.S....

Opinions differ among economists as to how effective statistical analyses using time series data can be in identifying factors affecting demand and in measuring their influences. Although this presentation may not materially modify these opinions, it should at least succeed in making even the...

Information on efficient regional patterns of agricultural production can be useful in devising policies for adjustments in farming that are consistent with modern conditions and concepts of economic development. Such knowledge can also indicate the amount and location of land to be withdrawn...

Costs of seven methods of handling beef by retail firms are explored, considering number and size of stores per firm and distance from the packer. The least costly method is centralized cutting into retail cuts by retail firms. Larger store size reduced per unit costs significantly for all...

Over the last 20 years, consumers have spent a declining portion of their income on food for consumption at home, while the share of income spent on meals purchased at restaurants, cafeterias, and fast-food chains has held constant This article attempts to explain this phenomenon by estimating a...

The feasibility of quadratic programming as a means of integrating agricultural pricequantity relationships and regional resource availability is demonstrated for a California test case. Estimates are developed for producer's and consumer's surplus, values of vegetables and field crop...

The current situation and prospects for coffee are of widespread interest to American consumers and to those who supply them, and it is of vital interest to the many Latin American countries that depend on coffee as a primary source of foreign exchange earnings. The smaller per capita use of...

This article presents estimates of the almost Ideal demand system (AIDS) for four food groups_and compares these estimates WI~h the AIDS' own linear approximate version and the linear expenditure system The AIDS IS indirectly nonadditive and has several desirable properties, making it a Viable...

A set of price-dependent demand equations explains the Interdependent nature of monthly demand relationships for 10 meat commodities The analysis uses a model with a mixed structural-time series approach. the model's forecasting capability is significantly better than that of the traditional...