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Abstract
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.