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Economic Relationships Of U.S. Sorghum Demand And Price

Author

Listed:
  • Grant, Warren R.
  • Hoskin, Roger L.

Abstract

An econometric model, measuring the impact of market forces and Government policies on demand and prices for U.S. sorghum during 1959/81, is estimated. The model shows that domestic feed demand is less responsive to a price change than is export demand. Corn's substitution for sorghum as a feed has further eroded the sorghum market. Today's sorghum industry faces surplus conditions similar to those of the sixties. Simulation with the model indicates earnings will be weak unless Government programs change or carryover stocks are drawn down.

Suggested Citation

  • Grant, Warren R. & Hoskin, Roger L., 1984. "Economic Relationships Of U.S. Sorghum Demand And Price," Staff Reports 276836, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:276836
    DOI: 10.22004/ag.econ.276836
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    File URL: https://ageconsearch.umn.edu/record/276836/files/ers-report-097.pdf
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    Cited by:

    1. Gardiner, Walter H. & Dixit, Praveen M, 1987. "Price Elasticity of Export Demand: Concepts and Estimates," Foreign Agricultural Economic Report (FAER) 305286, United States Department of Agriculture, Economic Research Service.

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