Farm-Level Price Formation for Fresh Sweet Cherries

Stephen Flaming, Thomas Marsh and Thomas Wahl

Journal of Food Distribution Research, 2007, vol. 38, issue 2, 11

Abstract: We estimate price formation in the sweet cherry market using an inverse demand system with farm-level price and quantity data from states in the Pacific Northwest and California. Between 0.60 and 0.78 of the variation in annual cherry price is explained by the states’ production, domestic consumption, and exports. Washington and California prices are most responsive to their own quantity. Output flexibilities indicate that Oregon is responsive to a change in quantity supplied to the domestic market. Results also indicate that cherry price is most sensitive to quantity supplied to the export and domestic markets.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlofdr:43495

DOI: 10.22004/ag.econ.43495

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