IDEAS home Printed from
   My bibliography  Save this article

Supply Response in the U.S. Sheep Industry


  • Glen D. Whipple
  • Dale J. Menkhaus


A dynamic supply model of the U.S. sheep industry is constructed. The model incorporates restrictions on fixed capital and the demographic characteristics of the breeding flock. The model is estimated using least squares techniques and simulated to generate a matrix of short- and intermediate-run elasticity estimates. The estimates indicate that sheep supply is positively related to lamb price in the short run and the intermediate run (ten plus years), although inelastic in the short run. The supply response to wool price also is positive and quite elastic in the intermediate term. These results imply that both lamb and wool prices are important to the maintenance of the U.S. sheep industry.

Suggested Citation

  • Glen D. Whipple & Dale J. Menkhaus, 1989. "Supply Response in the U.S. Sheep Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 126-135.
  • Handle: RePEc:oup:ajagec:v:71:y:1989:i:1:p:126-135.

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Whipple, Glen D. & Menkhaus, Dale J. & Hewlett, John P., 1989. "The Impact of Lamb Imports on U.S. Sheep Product Markets," 1989 Annual Meeting, July 9-12, 1989, Coeur d'Alene, Idaho 245029, Western Agricultural Economics Association.
    2. Rosen, Sherwin & Murphy, Kevin M & Scheinkman, Jose A, 1994. "Cattle Cycles," Journal of Political Economy, University of Chicago Press, vol. 102(3), pages 468-492, June.
    3. David K. Lambert, 1995. "Grazing On Public Rangelands: An Evolving Problem Of Property Rights," Contemporary Economic Policy, Western Economic Association International, vol. 13(2), pages 119-128, April.
    4. Eswaramoorthy, K., 1991. "U.S. livestock production and factor demand: a multiproduct dynamic dual approach," ISU General Staff Papers 1991010108000010523, Iowa State University, Department of Economics.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:71:y:1989:i:1:p:126-135.. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.