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Estimating how quality characteristics and marketing services affect alfalfa hay prices

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  • Jolie B. Pardew

    (Agricultural Economics from the Department of Agricultural Economics at the University of Nevada, Reno)

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    Abstract

    Contributions to Nevada alfalfa hay prices of physical measures of quality, marketing services and terms of sale were estimated using regression analysis. Data was obtained from a 1980 survey of Nevada alfalfa producers. Factors associated with higher protein content and more digestible matter per unit of weight had statistically significant positive effects on prices. Alfalfa hay prices are also significantly affected by marketing services (i.e., processing, transportation, and membership in hay grower cooperatives) and variations in terms of sale. Overall, about 52% of the differences in prices received were explained by 15 explanatory variables.

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    Bibliographic Info

    Article provided by John Wiley & Sons, Ltd. in its journal Agribusiness.

    Volume (Year): 4 (1988)
    Issue (Month): 2 ()
    Pages: 167-175

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    Handle: RePEc:wly:agribz:v:4:y:1988:i:2:p:167-175

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    Web page: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1520-6297

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    1. Wilson, William W., 1984. "Hedonic Prices In The Malting Barley Market," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(01), July.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Lucas, Robert E B, 1975. "Hedonic Price Functions," Economic Inquiry, Western Economic Association International, vol. 13(2), pages 157-78, June.
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    Cited by:
    1. Curtis, Kynda R. & Cowee, Margaret W. & Kim, Man-Keun & Harris, Thomas R., . "Evaluating Returns to Cool Season Grass Quality Characteristics for Niche Equine Feed Markets," Journal of Agribusiness, Agricultural Economics Association of Georgia.

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