Download or read book Identifying Supply and Demand Elasticities of Agricultural Commodities written by Michael J. Roberts and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified using current-period shocks that give rise to exogenous shifts in supply. Supply is identified using past shocks, which affect expected future prices through inventory accretion or depletion. We use our estimated elasticities to evaluate the impact of ethanol subsidies and mandates on world food commodity prices, quantities, and food consumers' surplus. The current US ethanol mandate requires that about 5 percent of world caloric production from corn, wheat, rice, and soybeans be used for ethanol generation. As a result, world food prices are predicted to increase by about 30 percent and global consumer surplus from food consumption is predicted to decrease by 155 billion dollars annually. If a third of the biofuel calories are recycled as feed stock for livestock, the predicted price increase scales back to 20 percent. While commodity demand is extremely inelastic, price response is muted by a significant supply response that is obscured if futures prices are not instrumented. The resulting expansion of agricultural growing area potentially offsets the CO2 emission benefits from biofuels

Download or read book On the Estimation of Supply and Demand Elasticities of Agricultural Commodites written by Santeramo, Fabio Gaetano and published by Intl Food Policy Res Inst. This book was released on with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This AGRODEP Technical Note provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it starts the discussion by summarizing the main facets of production theory and consumer theory to introduce the concept of elasticities, with examples of di fferent types of elasticities most utilized in the literature. Next, it discusses the identi fication problem in estimating elasticities, i.e. the issue of having to solve for unique values of the parameters of the structural model from the values of the parameters of the reduced form of the model. It summarizes various methodologies employed in the literature to solve this problem and gives practical examples. These solutions include, but are not limited to, using instrumental variables, adopting a recursive structure, holding demand constant, and imposing inequality constraints in order to restrict the domain of estimates.

Download or read book Demand and Supply Elasticities of Agricultural Products written by G. F. Liebenberg and published by . This book was released on 1997 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Approaches to Modeling Retail farm Price Spreads and Derived Demand Relationships for Food Commodities written by Michael Kurt Wohlgenant and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Elasticities In International Agricultural Trade written by Colin Carter and published by CRC Press. This book was released on 2019-04-24 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses a number of issues related to the estimation and application of elasticities in international agricultural trade. It is the outgrowth of renewed interest by researchers, traders, and others in quantifying those factors that affect international trade of agricultural products.

Download or read book Projections of Demand and Supply of Agricultural Commodities written by National Council of Applied Economic Research and published by New Delhi. This book was released on 1970 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Demand and Price Analysis written by Frederick Vail Waugh and published by . This book was released on 1964 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Foreign Agricultural Economic Report written by and published by . This book was released on 1961 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Demand for Farm Products written by Karl A. Fox and published by . This book was released on 1954 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Nature of Demand for Agricultural Products and Some Important Consequences written by John Griffin Thompson and published by . This book was released on 1916 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Farm Level Demand Elasticities For Agricultural Commodities written by Agricultural Experiment Station, Purdue University, West Lafayette and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Aggregate Food Demand and the Supply of Agricultural Products written by R. McFall Lamm and published by . This book was released on 1981 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Interrelations Among Demands for Farm Products and Implications for Control of Market Supply written by G. E. Brandow and published by . This book was released on 1961 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Agricultural Supply and Demand written by Ronald Trostle and published by DIANE Publishing. This book was released on 2010 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: World market prices for major food commodities such as grains and vegetable oils have risen sharply to historic highs of more than 60% above levels just 2 years ago. Many factors have contributed to the runup in food commodity prices. Some factors reflect trends of slower growth in production and more rapid growth in demand that have contributed to a tightening of world balances of grains and oilseeds over the last decade. Other factors include increased global demand for biofuels feedstocks and adverse weather conditions in 2006 and 2007 in some major grain- and oilseed-producing areas. This report discusses these and other factors and illustrates how they have contributed to food commodity price increases. Tables and graphs.

Download or read book Agricultural Product Prices written by William G. Tomek and published by . This book was released on 1990 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Distributed Lags and Demand Analysis for Agricultural and Other Commodities written by Marc Nerlove and published by . This book was released on 1958 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Introduction to Agricultural Economics written by Donald J. Epp and published by Macmillan College. This book was released on 1981 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: Production function and input-output analysis; Least cost and profit maximization - combinations of inputs and production possibilities; Costs of production and profit maximization for the firm; Product supply: the firm and the marketplace; Consumer demand; Factors that affect demand; Market equilibrium analysis.