Price in agricultural supply equations is usually the expected price. In general, models of agricultural supply response assume that their representation of producer expectations is correct. If this assumption is wrong, the supply response parameter will have embodied within it an estimate of...

This study investigates whether importers of U.S. wheat form an integrated market or a series of segmented markets. Two market integration tests are applied: one based on equilibrium price relationships and one based on disequilibrium price relationships. With the exception of a few importers,...

This paper briefly presents the results of a total factor productivity (TFP) study of South African commercial agriculture, for 1947-1997, and illustrates some potential pitfalls in rate of return to research (ROR) calculations. The lag between R&D and TFP is analyzed and found to be only 9...

Growth in the agricultural GDP of four major European countries is compared with US agricultural growth for the period 1974-1993. The agricultural sector's relative prices are taken into account along with economy-wide factor market adjustments. For Denmark, France, Germany and the UK, the...

Price and income elasticities for imports of US and Brazilian soyabeans by each of the eight major workd soyabean importers and the rest of the world were weighted by their shares of the respective soyabean markets and summed to approximate total price and income elasticities for US and...

Chile's fruit sector, both in production and exports, has grown significantly since 1974. At that time, Chile introduced structural reforms in its economy which assured that market principles would operate regarding land ownership. Also, the government began a 'hands-off' policy which basically...

This paper analyzes the rice production technology in Korea in the context of multi-output framework. The estimation uses a set of national farm-level panel data within the primal approach. The particular focus of the study is to analyze the existence of heterogeneous technologies for different...

This study was conducted to determine risk efficient production strategies for crop and livestock producers who have the opportunity to produce wheat as a dual-purpose forage and grain crop. Empirical data obtained from field trials were incorporated into an integrated crop and livestock...

This paper examines the Multi-Product Asymptotically Ideal Production Model as an alternative to the translog and normalized quadratic functional forms using farm level data. Factors such as ease of estimation, imposition of regularity conditions, and quantitative differences in empirical...

The study uses a partial equilibrium model to determine the benefits that would accrue to smallholder dairy producers and consumers from improved efficiency of Tanzania’s informal dairy value chain. Two sources of technical efficiency are analyzed, namely, cost efficiency and scale efficiency....