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Producer Attitudes Toward Peanut Market Alternatives: An Application of Multivariate Probit Joint Estimation

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  • Tsu-tan Fu
  • James E. Epperson
  • Joseph V. Terza
  • Stanley M. Fletcher

Abstract

Attitudes of peanut producers toward different market alternatives were analyzed assuming the absence of the government support program. A multivariate probit (joint estimation) model for ungrouped data was utilized to ascertain profiles of producers favoring private treaty markets and proposed organized markets. The joint estimation model allows for and measures correlation among market alternatives for greater accuracy in profile analysis. The analysis suggests considerable support for all three of the proposed organized markets. However, choice of alternatives should be considered by a group of potential traders selected on the basis of the profile analysis.

Suggested Citation

  • Tsu-tan Fu & James E. Epperson & Joseph V. Terza & Stanley M. Fletcher, 1988. "Producer Attitudes Toward Peanut Market Alternatives: An Application of Multivariate Probit Joint Estimation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(4), pages 910-918.
  • Handle: RePEc:oup:ajagec:v:70:y:1988:i:4:p:910-918.
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    File URL: http://hdl.handle.net/10.2307/1241933
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    References listed on IDEAS

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    1. Mahama, Ramatu, 1985. "A stochastic simulation of the impact of price insulation policies on world wheat market stability," ISU General Staff Papers 198501010800008868, Iowa State University, Department of Economics.
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    Cited by:

    1. Okunade, Albert A. & Cochran, Mark J., 1991. "Functional Forms and Farm-Level Demand for Pecans by Variety," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 23(02), pages 95-102, December.
    2. Nyaupane, Narayan P. & Gillespie, Jeffrey M., 2011. "Factors Influencing Producers’ Marketing Decisions in the Louisiana Crawfish Industry," Journal of Food Distribution Research, Food Distribution Research Society, vol. 42(2), July.
    3. Corsi, Alessandro & Novelli, Silvia & Pettenati, Giacomo, 2014. "Alternative Food Networks in Piedmont: determinants of on-farm and off-farm direct sales by farmers," 2014 Third Congress, June 25-27, 2014, Alghero, Italy 173035, Italian Association of Agricultural and Applied Economics (AIEAA).

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