AN ECONOMIC ANALYSIS OF PRODUCING CARROTS IN THE RED RIVER VALLEY

Won W. Koo and Richard D. Taylor

No 23123, Agricultural Economics Reports from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: This report evaluates the U.S. carrot market using a quadratic programming algorithm. North Dakota ships carrots locally and to Minnesota under both the base and 1,000 acre scenarios. North Dakota starts to ship carrots to Illinois as it produces more under other alternative scenarios. This clearly indicates that North Dakota has a comparative advantage in producing carrots over other neighboring states. North Dakota could produce about 8,000 acres of carrots and market them to North Dakota, Minnesota, and Illinois. Additional production of carrots in North Dakota may not affect the national average price of carrots, but local prices may be affected due to regional competition.

Keywords: Marketing; Production Economics (search for similar items in EconPapers)
Pages: 23
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaer:23123

DOI: 10.22004/ag.econ.23123

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