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An Analysis Of The Impact Of Energy Price Escalations During The 1970s On Hawaii Beef Production And Prices

Author

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  • Roberts, Roland K.
  • Vieth, Gary R.
  • Nolan, James C., Jr.

Abstract

A quarterly econometric model of the Hawaii beef production sector is estimated. Energy prices influence the model through Hawaii beef and feed prices which are a function of Mainland-to-Hawaii freight rates. Energy prices also influence the decision of whether to allocate feeder animals to feedlots or pasture. Through simulation, it was found that rapidly increasing energy prices after 1973 resulted in a 22 percent reduction in total Hawaii beef production. The composition of production also changed toward more grain fed and less grass fed beef. Given these results, other state and national beef modelers might find it useful to include energy prices in their models.

Suggested Citation

  • Roberts, Roland K. & Vieth, Gary R. & Nolan, James C., Jr., 1984. "An Analysis Of The Impact Of Energy Price Escalations During The 1970s On Hawaii Beef Production And Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(1), pages 1-16, July.
    • Handle: RePEc:ags:wjagec:32370
    DOI: 10.22004/ag.econ.32370
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    References listed on IDEAS

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    Cited by:

    1. Roberts, Roland K. & Martin, William J., 1984. "State-Level Analysis of National Beef Policy: The Use of State Econometric Models," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(2), pages 63-72, December.
    2. Roberts, Roland K., 1985. "Transportation Costs In Econometric Models Of State Agricultural Sectors: The Case Of Beef In Hawaii," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(1), pages 1-17, July.
    3. Roberts, Roland K. & Martin, William J., 1985. "The Effects Of Alternative Beef Import Quota Regimes On The Beef Industries Of The Aggregate United States And Hawaii," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-15, December.

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