Factors Affecting Wheat Protein Premiums
AbstractThis study used Rosen's methodology of deriving a marginal implicit price series from traditional hedonic modeling and then using this series to estimate a demand model. This procedure was applied to Kansas Hard Red Winter wheat protein. Results were mixed. Own-district protein level was not economically significant; however, an increase in other Kansas district's protein level and the North Dakota Hard Red Spring protein level may have a slight economic impact on own-district protein premium. The results of this study indicate that new varieties of wheat developed that increase protein content without loss of yield and that are regional specific can impact the price or wheat in other areas.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1999 Annual meeting, August 8-11, Nashville, TN with number 21524.
Date of creation: 1999
Date of revision:
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Wheat; Characteristic Demand Model; Protein; Crop Production/Industries; Research Methods/ Statistical Methods;
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- Espinosa, Juan Andres & Goodwin, Barry K., 1991. "Hedonic Price Estimation For Kansas Wheat Characteristics," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
- Mendelsohn, Robert, 1984. "Estimating the Structural Equations of Implicit Markets and Household Production Functions," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 673-77, November.
- Parcell, Joseph L. & Stiegert, Kyle W., 1998. "Competition For U.S. Hard Wheat Characteristics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(01), July.
- Harrison, David Jr. & Rubinfeld, Daniel L., 1978. "Hedonic housing prices and the demand for clean air," Journal of Environmental Economics and Management, Elsevier, vol. 5(1), pages 81-102, March.
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