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Aggregate Corn Area Response Under Risk: Some Implications for Price Stabilization Programs

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  • Mendoza, Meyra S.
  • Rosegrant, Mark W.
  • Brorsen, Wade

Abstract

Investigation of the corn revenue risk of Filipino farmers indicates their vulnerability to wide variability in domestic and world prices. Given the imperfect market and heavy dependence of farmers on trader’s price information, it is important to incorporate risk in any modeling attempts on the farmers’ cultivation areas.

Suggested Citation

  • Mendoza, Meyra S. & Rosegrant, Mark W. & Brorsen, Wade, 1992. "Aggregate Corn Area Response Under Risk: Some Implications for Price Stabilization Programs," Philippine Journal of Development JPD 1992 Vol. XIX No. 2-d, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:jpd_1992_vol__xix_no__2-d
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    References listed on IDEAS

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    1. Ishii, Yasunori, 1977. "On the Theory of the Competitive Firm under Price Uncertainty: Note," American Economic Review, American Economic Association, vol. 67(4), pages 768-769, September.
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    3. Batra, Raveendra N & Ullah, Aman, 1974. "Competitive Firm and the Theory of Input Demand under Price Uncertainty," Journal of Political Economy, University of Chicago Press, vol. 82(3), pages 537-548, May/June.
    4. David, Isidoro P. & Mendoza, A.N.C. & Besa, David C., 1990. "Evaluation of Philippine Corn Statistics," Philippine Journal of Development JPD 1990 Vol. XVII No. 1-, Philippine Institute for Development Studies.
    5. Satheesh V. Aradhyula & Matthew T. Holt, 1989. "Risk Behavior and Rational Expectations in the U.S. Broiler Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 892-902.
    6. B. Wade Brorsen & Jean-Paul Chavas & Warren R. Grant, 1987. "A Market Equilibrium Analysis of the Impact of Risk on the U.S. Rice Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(4), pages 733-739.
    7. Knudsen, Odin & Nash, John, 1990. "Domestic Price Stabilization Schemes in Developing Countries," Economic Development and Cultural Change, University of Chicago Press, vol. 38(3), pages 539-558, April.
    8. John Spriggs & G.C. Kooten, 1988. "Rationale for Government Intervention in Canadial Agriculture: A Review of Stabilization Programs," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 36(1), pages 1-21, March.
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    Cited by:

    1. Mutuc, Maria Erlinda M. & Rejesus, Roderick M. & Pan, Suwen & Yorobe, Jose M., 2012. "Impact Assessment of Bt Corn Adoption in the Philippines," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(1), pages 117-135, February.
    2. Jeffrey D. Vitale & Hamady Djourra & Aminata Sidibé, 2009. "Estimating the supply response of cotton and cereal crops in smallholder production systems: recent evidence from Mali," Agricultural Economics, International Association of Agricultural Economists, vol. 40(5), pages 519-533, September.

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