Download or read book An Analysis of Farm Price Behavior written by Willard Wesley Cochrane and published by . This book was released on 1951 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Farm Prices written by Willard W. Cochrane and published by U of Minnesota Press. This book was released on 1958-01-01 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Farm Prices was first published in 1958. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions. Few domestic questions are so controversial as the farm problem, yet the average city man finds it difficult to understand the basic issues involved. In this book Professor Cochrane describes for the layman the nature and causes of the commercial farm problem and the rural poverty problem and provides the basis for making informed judgments about these problems and their possible solutions. He analyzes the economic and political forces which are at work in the farm economy, explains the organization of modern agriculture, showing the unique structure of farming, and draws a vivid picture of the revolutionary developments which have taken place in agriculture. He discusses behavior patterns of farmers and consumers as they relate to the farm economy, and the role of government in the farm industry and in the lives of farmers. Farm prices are constantly fluctuating, and out of this price variability emerge such serious and continuing farm problems as variable incomes, low incomes over extended periods, and uncertainty in production planning. In this study Professor Cochrane seeks to get at the root of the trouble by, first, exploring and exposing what he considers a basic fallacy in our present day thinking and approach to the farm problem. This is the widely held myth of an automatically adjusting agriculture, an agriculture that is always out of balance because of an "emergency." This myth, he points out, beclouds the issues involved in the whole farm problem. The farm price myth splits two ways in the public mind, Mr. Cochrane explains, but these divergent attitudes represent differences only in mechanics, not in principle, and they are equally effective in obscuring the real picture. One segment of the public believes that agriculture, if left alone for a while, would gravitate toward and stabilize at some desirable level and pattern of prices, production, and incomes. The other segment believes that the same result would occur if agriculture were given a temporary, helping hand by the government. Mr. Cochrane shows the fallacies inherent in both of these convictions by presenting an integrated, overall picture of farm price behavior as it really exists. On a basis of this realistic view, he presents the two alternatives or hard policy choices that he believes the American farmer faces today. Willard W. Cochrane is Professor Emeritus of Agricultural and Applied Economics at the University of Minnesota. He is the author of a number of books, including The City Man's Guide to the Farm Problem and Farm Prices: Myth and Reality. He previously served as an economist with the Food and Agriculture Organization of the United Nations and with the U.S. Department of Agriculture. He is the co-author of Economics of American Agriculture and Economics of Consumption.
Download or read book Agricultural Marketing and Price Analysis written by F. Bailey Norwood and published by Waveland Press. This book was released on 2018-04-16 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: Norwood and Lusk provide a fresh approach to marketing and price analysis that speaks to undergraduate students. In addition to providing thorough coverage of core topics, they address exciting developments and emerging areas of research in the field. Friendly and engaging, Agricultural Marketing and Price Analysis presents a comprehensive approach to agricultural price analysis, agricultural market structures, and agricultural marketing strategies. Unique to this book is the inclusion of the equilibrium displacement model and a chapter on consumer behavior and research. The Meet the Professional feature illustrates how the economic principles covered fit into the careers students will soon enter. End-of-chapter crossword puzzles and study questions assist in learning terminology and test preparation. Succinct and approachable, this text sets the stage for an enjoyable and effective learning experience.
Download or read book Agricultural Product Prices written by William G. Tomek and published by . This book was released on 1982 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Marketing and Price Analysis written by F. Bailey Norwood and published by Waveland Press. This book was released on 2021-12-20 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: Friendly and readable, Agricultural Marketing and Price Analysis presents a comprehensive approach to agricultural price analysis, agricultural market structures, and agricultural marketing strategies. The authors engage students with very little exposure to economics and with only a basic grasp of algebra. The text utilizes a fresh approach and supplies thorough coverage of core topics, as well as complex topics such as general equilibrium models, game theory, and econometrics. It also provides an introduction to data analysis and incorporates many examples. Supplemental materials are available for additional practice and further exploration. Unique to the Second Edition is the inclusion of a chapter on consumer behavior and food preferences, as well as relevant areas of research. The authors introduce readers to the agricultural supply chain, including forecasting and inventory management. Succinct and approachable, this text sets the stage for an enjoyable and effective learning experience.
Download or read book Agricultural Product Prices written by William G. Tomek and published by Cornell University Press. This book was released on 2014-05-08 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published continuously since 1972, Agricultural Product Prices has become the standard textbook and reference work for students in agricultural and applied economics, buyers and sellers of commodities, and policymakers, clearly explaining conceptual and empirical models applicable to agricultural product markets. The new fifth edition uses up-to-date information and models to explain the behavior of agricultural product prices. Topics include price differences over market levels (marketing margins), price differences over space (regionally and internationally) and by quality attributes, and price variability with the passage of time (seasonal and cyclical variations, trends, and random behavior). William G. Tomek and Harry M. Kaiser review and adapt microeconomic principles to the characteristics of agricultural commodity markets and then apply these principles to the various dimensions of price behavior. They also provide an in-depth discussion of prices established for futures contracts and their relationship to cash (spot) market prices; cover the influential roles of price discovery institutions, such as auctions and negotiated contracts, and government policies regulating trade and farms; and discuss the specification, use, and evaluation of empirical models of agricultural prices, placing emphasis on the challenges of doing high-quality, useful analyses and interpreting results.
Download or read book Study Into the Behavior of Large and Small Farms with Regard to Their Response to Economic Stimuli written by Ahmad Saeed Khan and published by . This book was released on 1967 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Supply Behaviour in Agriculture written by Shashikala D. Sawant and published by . This book was released on 1978 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: With reference to India.
Download or read book Agricultural Product Prices written by William G. Tomek and published by . This book was released on 1981 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Principles of price determination; Price differences and variability; Pricing institutions; Introduction to empirical price analysis.
Download or read book Risky Agricultural Markets written by Pasquale L Scandizzo and published by CRC Press. This book was released on 2019-07-11 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows how decisions made by individual farmers influence the efficiency of agricultural markets. Unless farmers properly take account of the correlation between prices and yields in forming their price forecasts, competitive markets will often be socially inefficient, leading to misallocation of resources. The authors demonstrate that a simple and practical price forecasting rule, based on expected per unit revenue, is generally adequate to ensure efficient market behavior.Time-series data from various countries are used to test the hypothesis that market supply is influenced by the correlation of price and yield as well as by lagged market prices . The importance of market inefficiencies in risky situations is shown to, depend on the variability of yields, the nature of farmers'price forecasting behavior, the degree of private risk aversion,and the elasticity of demand. The authors suggest and evaluate three basic policy approaches governments may take when confronted with very inefficient markets--establishing production quotas, improving market information services, and implementing price stabilization schemes. They conclude by discussing implications of the study for the specification of agricultural supply models and for the economic appraisal of risky investment projects.
Download or read book Farmers in the Market Economy written by Iowa State University. Center for Agricultural and Economic Development and published by . This book was released on 1964 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Modeling Farm Decisions For Policy Analysis written by Kenneth H Baum and published by CRC Press. This book was released on 2019-03-08 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomic modeling has been an important tool for agricultural economists for several decades and promises to be important for ad-dressing the research problems of the 1980s as well. This volume explores the possibilities for using micromodeling to analyze how individual farm businesses react to and are affected by farm policies. Although this purpose represents only one potential use of micro-modeling, effective modeling for policy analysis necessitates a broad look from several historical, analytical, and institutional perspectives. The Micromodeling Conference held November 18-20, 1981, at Airlie House, Virginia, under the auspices of the U.S. Department of Agri-culture's Economic Research Service and the Farm Foundation reflected these concerns.
Download or read book Market and Price Analysis written by Dale C. Dahl and published by McGraw-Hill Companies. This book was released on 1977 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A National Program of Research for Farm Adjustments Prices and Income written by Joint Task Force on Farm Adjustment, Price and Income Research and published by . This book was released on 1968 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agricultural Price Analysis written by Geoffrey S. Shepherd and published by Iowa State Press. This book was released on 1963 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changes in prices over periods of time; Measuring the elasticity of demand and supply; Measuring changes in demand and supply; Sales prices; costs; and returns; Analyses with respect to place and form; Analysis of paraty prices.
Download or read book The Cyclical Behaviors of Agricultural Farmland Prices written by Deqin Cai and published by . This book was released on 1996 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research studies the cyclical behavior of agricultural farmland prices in the United States with a special emphasis on how agricultural policies contribute to farmland price movement. The first stage of the study is to have a conceptual understanding of how agricultural policies affect the behavior of farmland prices. A theory is developed to accomplish this goal. It assumes that a farmer maximizes the expected utility generated from production profit subject to an uncertain wealth accumulation process and government policy constraints. The farmer's choice variables are how much input to use and how much land to hold. Based on this framework, the farmland price is endogenously determined from the farmer's optimizing behavior. It shows that in states where the farmer's expected rate of appreciation of land price is higher than the rate of return in off-farm investment, government transfer payment programs can actually increase the variability of the farmland price. On the contrary, in states where the farmer's expected rate of appreciation of land price is lower than the rate of return in off-farm investment, government transfer payments do stabilize the fluctuation of the prices. The second stage of the research is to empirically analyze the cyclical behavior of farmland price. Annual land price data were collected from the USDA for the years 1910-1989. The data on total state agricultural cash receipts and government program transfer payments are from Agricultural Statistics. The ratio of government transfer payments to total state agricultural cash receipts is formed to measure the relative importance of agricultural programs in each state. Nonparametric procedures are used to analyze the volatility, persistence, and comovement of agricultural land prices in 48 states. The result indicates that the behavior of farmland prices differs in two groups of states. In group one, which includes almost all of the North Central and Plains states, the empirical results show that the volatility has increased after farm policies were introduced. The movement of the farmland prices turn from stationary to being nonstationaly. However, in group two, including almost all of the New England and Mid- Atlantic states, the volatility and persistence of the farmland prices are not statistically significant. In fact, in some of the latter groups, the volatility and persistence actually declined after farm policies have been introduced. Finally, the empirical findings also show that although the general macroeconomic conditions are important in the forming of farmland prices in each state, specific economic and geographic factors also play an important role in the cyclical behavior of farmland prices.
Download or read book Farm input subsidies and commodity market trends in Ghana An analysis of market prices during 2012 2020 written by Amewu, Sena and published by Intl Food Policy Res Inst. This book was released on 2021-12-20 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ghana has a long history of intervening in food markets to balance consumers’ expectations of low and stable food prices, farmers’ demands for high farmgate prices, and traders’ demand for predictability in seasonal price patterns. However, government interventions may also alter the behavior of markets and alter incentives or risks for all market actors. The Planting for Food and Jobs (PFJ) initiative, launched in 2017, signaled a renewed commitment from government to agriculture and is Ghana’s flagship strategy for boosting smallholder production, strengthening market linkages, and developing value chains. Given this significant policy shift, we examine agricultural commodity price patterns before and after 2017 to identify potential structural shifts in price behavior in maize, tomato, and onion markets, three key sectors targeted by PFJ. Results show maize and tomato prices drop below their long-term trend under PFJ, but not onion prices. Tomato and onion prices exhibit smaller seasonal price variations. These results are indicative of a structural shift in food markets, although further analysis is required to conclusively attribute these changes to PFJ.
