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Structure of Markets and Prices in Agriculture

Author

Listed:
  • Parmod Kumar

    (The author is Professor and Head, Agricultural Development and Rural Transformation Centre, Institute for Social and Economic Change, Bangalore, India; email pkumar@isec.ac.in)

Abstract

Using primary household survey data, this paper attempts to study the market structure and price behaviour for major crops in Punjab and Bihar. As expected, Punjab farmers were highly commercial, producing more than four-fifth of their output for the market. Bihar farmers, on the other hand, were still subsistence-oriented producing more than half their output for self-consumption. The price index, however, ruled out any discrimination against marginal or small farmers in both states. Significant variables determining marketed surplus in the regression analysis were output, farm and family size, market channels, etc. The factors determining farm price were marketed surplus/value of output, prevalence of credit and availability of formal market channels. The findings of the study present a contrasting picture of two states whereby agricultural marketing in Punjab is in an advanced stage while Bihar’s agricultural marketing set-up is still evolving.

Suggested Citation

  • Parmod Kumar, 2011. "Structure of Markets and Prices in Agriculture," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 5(2), pages 183-220, May.
    • Handle: RePEc:sae:mareco:v:5:y:2011:i:2:p:183-220
    DOI: 10.1177/097380101100500202
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    References listed on IDEAS

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    1. Nilabja Ghosh, 2015. "Production, Market Structure and the Role of Public Policy: Foodgrains in the New Economy," Working Papers id:7511, eSocialSciences.
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