IDEAS home Printed from
   My bibliography  Save this article

An analysis of marketed surplus response of cereals in Haryana State of India


  • S.K. Goyal

    (Department of Business Management, CCS Haryana Agricultural University, Hisar 125 004, India. E-mail:

  • Ernst Berg

    (Department of Farm Management, University of Bonn, Meckenheimer Allee 174, 53115 Bonn, Germany. E-mail:


This report uses a model that considers the effect of both factor and output prices on marketed surplus. To derive input demand and output supply elasticities, the normalized quadratic profit function and demand equations were estimated jointly with the seemingly unrelated regressions (SUR) estimation technique using farm level panel data. The data confirm the theoretical framework. The derived price elasticities of input demand, output supply, and marketed surplus have been simulated to examine alternative price policies for securing different levels of marketed surplus. At the observed price structure, the marketed surplus of wheat will increase almost equal to population growth, but in case of paddy it will grow at a very low rate. The study further reveals that besides price adjustment, technological improvement and non-price factors are also of critical importance for increasing output supply and, hence, marketed surplus. [EconLit citations: Q120, C330.] © 2004 Wiley Periodicals, Inc. Agribusiness 20: 253-268, 2004.

Suggested Citation

  • S.K. Goyal & Ernst Berg, 2004. "An analysis of marketed surplus response of cereals in Haryana State of India," Agribusiness, John Wiley & Sons, Ltd., vol. 20(3), pages 253-268.
  • Handle: RePEc:wly:agribz:v:20:y:2004:i:3:p:253-268 DOI: 10.1002/agr.20014

    Download full text from publisher

    File URL:
    File Function: Link to full text; subscription required
    Download Restriction: no

    References listed on IDEAS

    1. John Freebairn & Bill Griffiths, 2006. "Introduction," The Economic Record, The Economic Society of Australia, vol. 82(s1), pages 1-1, September.
    2. Lau, Lawrence J., 1978. "Applications of Profit Functions," Histoy of Economic Thought Chapters,in: Fuss, Melvyn & McFadden, Daniel (ed.), Production Economics: A Dual Approach to Theory and Applications, volume 1, chapter 3 McMaster University Archive for the History of Economic Thought.
    Full references (including those not matched with items on IDEAS)

    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:wly:agribz:v:20:y:2004:i:3:p:253-268. 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: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). 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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.