DYNAMIC REGIONAL ANALYSIS OF THE CALIFORNIA ALFALFA MARKET WITH GOVERNMENT POLICY IMPACTS

Alfalfa's heavy reliance on irrigation water and its role as an alternate to program crops makes it susceptible to changes in government farm policies. This article presents a dynamic spatial equilibrium model of the California alfalfa market. The model is used to forecast alfalfa acreage, prices paid and received, and transportation flows for the short run and the long run under the base year conditions. The base year results then are compared to a situation of changing demand due to reductions in federal water subsidies and the implementation of a cotton acreage-reduction program.


Issue Date:
1990-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32500
Published in:
Western Journal of Agricultural Economics, Volume 15, Number 1
Page range:
22-32
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-25

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