Acreage stability and resource allocation before and after the implementation of a marketing order

Richard L. Kilmer and Timothy G. Taylor
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Richard L. Kilmer: Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, Postal: Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida
Timothy G. Taylor: Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida, Postal: Food and Resource Economics Department, Institute of Food and Agricultural Sciences, University of Florida

Agribusiness, 1992, vol. 8, issue 6, 507-516

Abstract: Acreage stability and resource allocation are evaluated in the Florida celery market before and after the installment of a marketing order. Prior to the marketing order, producers placed emphasis on the lagged ratio of the fresh vegetable price index and the Florida celery price, lagged California quantity, and lagged Florida celery acreage to determine acreage planted. With the marketing order, the price ratio had less impact. Marketing orders may modify and possibly eliminate the cobweb cycle. Thus, a marketing order may improve the acreage stability and allocation of resources in a market. © 1992 John Wiley & Sons, Inc.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:8:y:1992:i:6:p:507-516

DOI: 10.1002/1520-6297(199211)8:6<507::AID-AGR2720080603>3.0.CO;2-K

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