Farm-Level Price Formation for Fresh Sweet Cherries
We estimate price formation in the sweet cherry market using an inverse demand system with farm-level price and quantity data from states in the Pacific Northwest and California. Between 0.60 and 0.78 of the variation in annual cherry price is explained by the statesâ€™ production, domestic consumption, and exports. Washington and California prices are most responsive to their own quantity. Output flexibilities indicate that Oregon is responsive to a change in quantity supplied to the domestic market. Results also indicate that cherry price is most sensitive to quantity supplied to the export and domestic markets.
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- Fengxia Dong & Thomas L. Marsh & Kyle W. Stiegert, 2003.
"State Trading Enterprises in a Differentiated Environment: The Case of Global Malting Barley Markets,"
Food and Agricultural Policy Research Institute (FAPRI) Publications
03-wp350, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
- Fengxia Dong & Thomas L. Marsh & Kyle W. Stiegert, 2003. "State Trading Enterprises in a Differentiated Environment: The Case of Global Malting Barley Markets," Center for Agricultural and Rural Development (CARD) Publications 03-wp350, Center for Agricultural and Rural Development (CARD) at Iowa State University.
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