ACREAGE PLANTING DECISION ANALYSIS OF SOUTH CAROLINA TOMATOES: NERLOVIAN VERSUS JUST RISK MODEL

Factors which explain supply response behavior of South Carolina tomato growers were determined. Two well known supply response models were used for comparison: the Nerlovian structural model and the Just risk model. The Just risk model reflected the significance of the risk effect in both stable and unstable periods. An evaluation of forecasting power between the two models was indeterminate. Growers are apparently willing to invest in more information with increased market instability because growers were influenced by the Florida winter price of tomatoes in planting decisions during the period of instability.


Issue Date:
1986-12
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/29770
PURL Identifier:
http://purl.umn.edu/29770
Published in:
Southern Journal of Agricultural Economics, Volume 18, Number 2
Page range:
65-71
Total Pages:
7




 Record created 2017-04-01, last modified 2018-01-22

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