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Title: Farm-Level Price Formation for Fresh Sweet Cherries
Authors: Flaming, Stephen
Marsh, Thomas L.
Wahl, Thomas I.
Issue Date: 2007-07
Abstract: We estimate price formation in the sweet cherry market using an inverse demand system with farm-level price and quantity data from states in the Pacific Northwest and California. Between 0.60 and 0.78 of the variation in annual cherry price is explained by the states’ production, domestic consumption, and exports. Washington and California prices are most responsive to their own quantity. Output flexibilities indicate that Oregon is responsive to a change in quantity supplied to the domestic market. Results also indicate that cherry price is most sensitive to quantity supplied to the export and domestic markets.
Institution/Association: Journal of Food Distribution Research>Volume 38, Number 2, July 2007
Total Pages: 11
From Page: 39
To Page: 49
Collections:Volume 38, Number 2, July 2007

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