Factors Affecting Wheat Proteins 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 University of Missouri Columbia, Department of Agricultural Economics in its series Working Papers with number 92887.
Date of creation: 01 Nov 2003
Date of revision:
wheat protein; hedonic modeling; characteristic demand modeling; Crop Production/Industries;
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- 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.
- 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.
- 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.
- 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.
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