TY  - RPRT
AB  - Food demand may be somewhat more price inelastic than previously estimated. The simple four-equation model developed here provides a formal empirical framework linking food demand to supply. Medium-range forecasts indicate that food prices may continue to rise slightly faster than average prices for all items over the next 5 years. The model represents a middle-of-the-road approach to forecasting that may be more cost-effective than time-series or a multi-equation, multicommodity approach.
AU  - Lamm, R. McFall  Jr.
DA  - 1981-07
DA  - 1981-07
DO  - 10.22004/ag.econ.157055
DO  - doi
ID  - 157055
KW  - Demand and Price Analysis
KW  - Food Consumption/Nutrition/Food Safety
KW  - food demand
KW  - agricultural products supply
KW  - econometric model
L1  - https://ageconsearch.umn.edu/record/157055/files/tb1656.pdf
L2  - https://ageconsearch.umn.edu/record/157055/files/tb1656.pdf
L4  - https://ageconsearch.umn.edu/record/157055/files/tb1656.pdf
LA  - eng
LA  - English
LK  - https://ageconsearch.umn.edu/record/157055/files/tb1656.pdf
N2  - Food demand may be somewhat more price inelastic than previously estimated. The simple four-equation model developed here provides a formal empirical framework linking food demand to supply. Medium-range forecasts indicate that food prices may continue to rise slightly faster than average prices for all items over the next 5 years. The model represents a middle-of-the-road approach to forecasting that may be more cost-effective than time-series or a multi-equation, multicommodity approach.
PY  - 1981-07
PY  - 1981-07
T1  - Aggregate Food Demand and the Supply of Agricultural Products
TI  - Aggregate Food Demand and the Supply of Agricultural Products
UR  - https://ageconsearch.umn.edu/record/157055/files/tb1656.pdf
Y1  - 1981-07
T2  - Technical Bulletin
T2  - 1656
ER  -