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This study estimates monthly consumer demand equations for fifteen major commodities based on data for 1947-1972. The equations are estimated within the framework of the Nerlove partial adjustment model. By extrapolating from retail sales data, it was possible to generate the consumer...
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The growing season weather in the corn, wheat and soybean production areas of the United States is an important determinant of the U.S. supply of these commodities. The weather and climatology literature strongly suggest that during the summer months there is a degree of persistence in the North...
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This report is a summary of the data contained on the farmland sales portion of the Minnesota Land Economics (MLE) web site (http://landeconomics.umn.edu ) as of January 30, 2015. It is formally reissued each year, as new sales data become available. The present document consists largely of...
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Price endogeneity has been ignored in previous analyses of food demand in China. We exploit farm price data collected from the China National Bureau of Statistics to account for price endogeneity using reduced form price equations. Applying our unique econometric approach to the analysis of...
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