An analysis of marketed surplus response of cereals in Haryana State of India
Goyal S.K. and
Additional contact information
Goyal S.K.: Department of Business Management, CCS Haryana Agricultural University, Hisar 125 004, India. E-mail: firstname.lastname@example.org, Postal: Department of Business Management, CCS Haryana Agricultural University, Hisar 125 004, India. E-mail: email@example.com
Ernst Berg: Department of Farm Management, University of Bonn, Meckenheimer Allee 174, 53115 Bonn, Germany. E-mail: E.Berg@uni-bonn.de, Postal: Department of Farm Management, University of Bonn, Meckenheimer Allee 174, 53115 Bonn, Germany. E-mail: E.Berg@uni-bonn.de
Agribusiness, 2004, vol. 20, issue 3, pages 253-268
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.
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://hdl.handle.net/10.1002/agr.20014 Link to full text; subscription required (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:wly:agribz:v:20:y:2004:i:3:p:253-268
Access Statistics for this article
Agribusiness is currently edited by Ronald W. Cotterill
More articles in Agribusiness from John Wiley & Sons, Ltd.
Series data maintained by Wiley-Blackwell Digital Licensing ().