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What Do We Know About Agricultural Producers' Behavior Under Price And Yield Instability?

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  • Hildreth, Clifford

Abstract

I interpret unstable prices and yields to imply uncertain prices and yields. One could imagine a situation where controlled prices were announced well in advance but fluctuated according to perceived circumstances at the times of the announcements. Some agricultural programs have approximated the latter, but I take it the main interest here is in supply response with price unknown at the time production and tentative marketing decisions are made.

Suggested Citation

  • Hildreth, Clifford, 1977. "What Do We Know About Agricultural Producers' Behavior Under Price And Yield Instability?," 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California 283593, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea77:283593
    DOI: 10.22004/ag.econ.283593
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    Citations

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    Cited by:

    1. Griffiths, William E. & Anderson, Jock R., 1978. "Specification Of Agricultural Supply Functions - Empirical Evidence On Wheat In Southern N.S.W," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 22(2-3), pages 1-14, August.
    2. Snyder, John R. & Skold, Melvin D. & Willis, Wayne O., 1979. "The Economics Of Snow Management: An Application Of Game Theory," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(2), pages 1-12, December.
    3. Hildreth, Clifford, 1979. "An Expected Utility Model of Grain Storage and Hedging by Farmers," Technical Bulletins 260635, University of Minnesota, Agricultural Experiment Station.

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    Keywords

    Demand and Price Analysis;

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