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Factors Affecting The Price Of Hay At A Pennsylvania Auction


  • Grisley, William
  • Stefanou, Spiro E.
  • Dickerson, Ted


The effect that selected characteristics of a Pennsylvania hay auction has on winning bids of loads of hay are presented in this paper. Survey data from 107 buyers over the period September 1982 to April 1983 were used. Hay type, perceived quality, and the intended use of the hay were found to be significant factors in explaining prices paid per ton. Sellers could increase their revenues by producing alfalfa hay, alfalfa and legume-grass hay of higher quality, and attending marketing days with a larger number of horse feed buyers.

Suggested Citation

  • Grisley, William & Stefanou, Spiro E. & Dickerson, Ted, . "Factors Affecting The Price Of Hay At A Pennsylvania Auction," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-9.
  • Handle: RePEc:ags:nejare:28930

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    References listed on IDEAS

    1. Milgrom, Paul R & Weber, Robert J, 1982. "A Theory of Auctions and Competitive Bidding," Econometrica, Econometric Society, vol. 50(5), pages 1089-1122, September.
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    Cited by:

    1. Blank, Steven C. & Orloff, Steve B. & Putnam, Daniel H., 2001. "Sequential Stochastic Production Decisions For A Perennial Crop: The Yield/Quality Tradeoff For Alfalfa Hay," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 0(Number 1), pages 1-17, July.
    2. Dant, Madeline & Burdine, Kenneth & Mark, Tyler, 2017. "Hedonic Price Analysis of Hay Auction Prices in Kentucky," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252762, Southern Agricultural Economics Association.
    3. Hopper, Jared A. & Peterson, Hikaru Hanawa & Burton, Robert O., Jr., 2004. "Alfalfa Hay Quality and Alternative Pricing Systems," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 0(Number 3), pages 1-16, December.

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