REGIONAL RESOURCE USE AND COMMODITY SUPPLY RESPONSE

The feasibility of quadratic programming as a means of integrating agricultural pricequantity relationships and regional resource availability is demonstrated for a California test case. Estimates are developed for producer's and consumer's surplus, values of vegetables and field crop production, and resource use considering alternative levels of commodity demand, functional price-quantity relationships, normalized prices, and OBERS production projections. The results of the study have implications for resource policy analysis, shortrun agricultural price forecast, resource situation and outlook work, commodity and resource projections, and an expanded role for regional river basin studies.


Issue Date:
1977-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/148085
Published in:
Agricultural Economics Research, Volume 29, Number 4
Page range:
134-143
Total Pages:
10




 Record created 2017-04-01, last modified 2017-08-27

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