Incorporating risk considerations into the estimation of demand for diesel fuel by crop producers
Extract: A quadratic programming model was formulated to estimate diesel fuel demand by a representative risk averse crop producer. Data to estimate the demand function were obtained by varying energy prices, crop prices, and degree of risk aversion. Diesel fuel demand was not very responsive to ene...
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| Veröffentlicht in: | North Central journal of agricultural economics 1985-07, Vol.7 (2), p.87-93 |
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| container_end_page | 93 |
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| container_issue | 2 |
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| container_title | North Central journal of agricultural economics |
| container_volume | 7 |
| creator | McCamley, F.P Kliebenstein, J.B |
| description | Extract: A quadratic programming model was formulated to estimate diesel fuel demand by a representative risk averse crop producer. Data to estimate the demand function were obtained by varying energy prices, crop prices, and degree of risk aversion. Diesel fuel demand was not very responsive to energy price changes. Wheat and soybean prices as well as producer's attitude toward risk had greater impacts on fuel use than did energy prices. Increases in soybean and sorghum prices tended to increase diesel fuel use while increases in wheat prices and degree of risk aversion decreased diesel fuel use |
| doi_str_mv | 10.2307/1349330 |
| format | Article |
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Data to estimate the demand function were obtained by varying energy prices, crop prices, and degree of risk aversion. Diesel fuel demand was not very responsive to energy price changes. Wheat and soybean prices as well as producer's attitude toward risk had greater impacts on fuel use than did energy prices. Increases in soybean and sorghum prices tended to increase diesel fuel use while increases in wheat prices and degree of risk aversion decreased diesel fuel use</description><identifier>ISSN: 0191-9016</identifier><identifier>EISSN: 2325-5978</identifier><identifier>DOI: 10.2307/1349330</identifier><language>eng</language><publisher>Department of Agricultural Economics. 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Data to estimate the demand function were obtained by varying energy prices, crop prices, and degree of risk aversion. Diesel fuel demand was not very responsive to energy price changes. Wheat and soybean prices as well as producer's attitude toward risk had greater impacts on fuel use than did energy prices. Increases in soybean and sorghum prices tended to increase diesel fuel use while increases in wheat prices and degree of risk aversion decreased diesel fuel use</description><subject>Agricultural economics</subject><subject>COMBUSTIBLE</subject><subject>COMBUSTIBLES</subject><subject>Crop economics</subject><subject>Crop production</subject><subject>Crops</subject><subject>DEMANDA</subject><subject>DEMANDE</subject><subject>Diesel fuels</subject><subject>Energy crops</subject><subject>Net income</subject><subject>PRECIOS</subject><subject>PRIX</subject><subject>PRODUCCION VEGETAL</subject><subject>PRODUCTION VEGETALE</subject><subject>RIESGO</subject><subject>Risk aversion</subject><subject>RISQUE</subject><subject>Sorghum</subject><subject>Soybeans</subject><issn>0191-9016</issn><issn>2325-5978</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1985</creationdate><recordtype>article</recordtype><recordid>eNp9kL1PwzAQxS0EEqUgdiYPSEyBc5zY8YgqPipVYqDMkT_OJaWNIzsd-t_j0s4sd09PP909PUJuGTyWHOQT45XiHM7IpORlXdRKNudkAkyxQgETl-QqpTUAlyDZhOh5b0McQtRj169o7NIPtaFPncODlRXt-jHQ8RspprHb_pk0eOpwq3tHfYjUdZhwQ_0uD7OnNoaBDjG4ncWYrsmF15uEN6c9JcvXl-XsvVh8vM1nz4vCNgBFBY5Z5LoqZQ7vPDTKC6mtYVBL5IyLEo2ppWmEr4z1rMyaM-29UGiN4VPycDybv6cU0bdDzGnjvmXQHoppT8Vk8v5IrtMY4j_Y3RHzOrR6lZtpvz4bAaquBP8FN2VqSg</recordid><startdate>198507</startdate><enddate>198507</enddate><creator>McCamley, F.P</creator><creator>Kliebenstein, J.B</creator><general>Department of Agricultural Economics. Purdue University</general><scope>FBQ</scope><scope>AAYXX</scope><scope>CITATION</scope></search><sort><creationdate>198507</creationdate><title>Incorporating risk considerations into the estimation of demand for diesel fuel by crop producers</title><author>McCamley, F.P ; Kliebenstein, J.B</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c800-40d1ce3a427330df089f67acb1057e31362ebb57b86f4bcf1257b31aff69ecbb3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1985</creationdate><topic>Agricultural economics</topic><topic>COMBUSTIBLE</topic><topic>COMBUSTIBLES</topic><topic>Crop economics</topic><topic>Crop production</topic><topic>Crops</topic><topic>DEMANDA</topic><topic>DEMANDE</topic><topic>Diesel fuels</topic><topic>Energy crops</topic><topic>Net income</topic><topic>PRECIOS</topic><topic>PRIX</topic><topic>PRODUCCION VEGETAL</topic><topic>PRODUCTION VEGETALE</topic><topic>RIESGO</topic><topic>Risk aversion</topic><topic>RISQUE</topic><topic>Sorghum</topic><topic>Soybeans</topic><toplevel>online_resources</toplevel><creatorcontrib>McCamley, F.P</creatorcontrib><creatorcontrib>Kliebenstein, J.B</creatorcontrib><collection>AGRIS</collection><collection>CrossRef</collection><jtitle>North Central journal of agricultural economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>McCamley, F.P</au><au>Kliebenstein, J.B</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Incorporating risk considerations into the estimation of demand for diesel fuel by crop producers</atitle><jtitle>North Central journal of agricultural economics</jtitle><date>1985-07</date><risdate>1985</risdate><volume>7</volume><issue>2</issue><spage>87</spage><epage>93</epage><pages>87-93</pages><issn>0191-9016</issn><eissn>2325-5978</eissn><abstract>Extract: A quadratic programming model was formulated to estimate diesel fuel demand by a representative risk averse crop producer. Data to estimate the demand function were obtained by varying energy prices, crop prices, and degree of risk aversion. Diesel fuel demand was not very responsive to energy price changes. Wheat and soybean prices as well as producer's attitude toward risk had greater impacts on fuel use than did energy prices. Increases in soybean and sorghum prices tended to increase diesel fuel use while increases in wheat prices and degree of risk aversion decreased diesel fuel use</abstract><pub>Department of Agricultural Economics. Purdue University</pub><doi>10.2307/1349330</doi><tpages>7</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0191-9016 |
| ispartof | North Central journal of agricultural economics, 1985-07, Vol.7 (2), p.87-93 |
| issn | 0191-9016 2325-5978 |
| language | eng |
| recordid | cdi_crossref_primary_10_2307_1349330 |
| source | Jstor Complete Legacy |
| subjects | Agricultural economics COMBUSTIBLE COMBUSTIBLES Crop economics Crop production Crops DEMANDA DEMANDE Diesel fuels Energy crops Net income PRECIOS PRIX PRODUCCION VEGETAL PRODUCTION VEGETALE RIESGO Risk aversion RISQUE Sorghum Soybeans |
| title | Incorporating risk considerations into the estimation of demand for diesel fuel by crop producers |
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