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Market analysis of alfalfa hay: California case

Author

Listed:
  • Kazim Konyar

    (Agricultural Economist, Economic Research Service, USDA, Washington, DC.)

  • Keith Knapp

    (Associate Professor of Resource Economics, University of California, Riverside)

Abstract

Factors influencing alfalfa hay markets are identified. Alfalfa hay acreage response, demand, and price forecasting models are developed and estimated for California, using econometric and time-series (ARIMA) techniques. The estimated models are used for forecasting alfalfa acreage and prices, and evaluating the dominant market forces. The econometric and time-series models are compared on the basis of their forecasting ability and usefulness in economic analysis.

Suggested Citation

  • Kazim Konyar & Keith Knapp, 1988. "Market analysis of alfalfa hay: California case," Agribusiness, John Wiley & Sons, Ltd., vol. 4(3), pages 271-284.
    • Handle: RePEc:wly:agribz:v:4:y:1988:i:3:p:271-284
    DOI: 10.1002/1520-6297(198805)4:3<271::AID-AGR2720040306>3.0.CO;2-N
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    References listed on IDEAS

    as
    1. Just, Richard E., 1974. "Econometric Analysis of Production Decisions with Government Intervention: The Case of the California Field Crops," Monographs, University of California, Davis, Giannini Foundation, number 251950, December.
    2. Keith C. Knapp, 1987. "Dynamic Equilibrium in Markets for Perennial Crops," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(1), pages 97-105.
    3. Blake, Martin J. & Clevenger, Tom, 1984. "A Linked Annual And Monthly Model For Forecasting Alfalfa Hay Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(1), pages 1-5, July.
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    Cited by:

    1. Bazen, Ernest F. & Roberts, Roland K. & Travis, John & Larson, James A., 2008. "Factors Affecting Hay Supply and Demand in Tennessee," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6889, Southern Agricultural Economics Association.
    2. R. K. Skaggs & Donald L. Snyder, 1992. "A comparison of selected methods for forecasting monthly alfalfa hay prices," Agribusiness, John Wiley & Sons, Ltd., vol. 8(4), pages 309-321.
    3. Shengying Zhai & Qihui Chen & Wenxin Wang, 2019. "What Drives Green Fodder Supply in China?—A Nerlovian Analysis with LASSO Variable Selection," Sustainability, MDPI, vol. 11(23), pages 1-17, November.

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