Future crop prices and quantities: influence of alternative crop yields

Extract: Tatonnement programming is used to examine the effect of future yields on commodity prices. This method uses a national interregional linear programming model in conjunction with an econometric model of demand. The linked model is iterated to solve for approximate equilibrium prices and qua...

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Veröffentlicht in:	North Central journal of agricultural economics 1985-07, Vol.7 (2), p.51-64
Hauptverfasser:	Schatzer, Raymond Joe, English, Burton C., Heady, Earl O.
Format:	Artikel
Sprache:	eng
Schlagworte:	Agricultural land Commodities Crop economics Crop production Crop rotation Economic models Food demand Hay Irrigation modele modelos plant production precios prices prix produccion vegetal production vegetale productos products produit programacion programmation programming rendement rendimiento Surface areas yields
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Beschreibung
Zusammenfassung:	Extract: Tatonnement programming is used to examine the effect of future yields on commodity prices. This method uses a national interregional linear programming model in conjunction with an econometric model of demand. The linked model is iterated to solve for approximate equilibrium prices and quantities for the year 2000. The model suggests that the crops analyzed - corn, oats, barley, grain sorghum, wheat and soybean meal - future price-quantity relationships may be influenced significantly by the level of crop yields.
ISSN:	0191-9016 2325-5978
DOI:	10.2307/1349327