PROBABILITY DISTRIBUTIONS OF CROP PRICES, YIELDS, AND GROSS REVENUE

Bernard V. Tew and Donald W. Reid

Northeastern Journal of Agricultural and Resource Economics, 1988, vol. 17, issue 2, 7

Abstract: This study shows that the price-yield correlation is a major influence in determining the skewness of revenue. Therefore, normality for revenue may not be rejected even if the price and/or yield distributions are significantly skewed. Analysis of cotton revenue for Mississippi shows that this can be the case empirically when the correlation between price and yield is moderately negative and the relative variability of yield and price is not too high. Hence, for crops produced in their major production regions where negative correlations between prices and yields are the greatest, revenue distributions may have a greater tendency toward normal.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 1988
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/28827/files/17020118.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:nejare:28827

DOI: 10.22004/ag.econ.28827

Access Statistics for this article

More articles in Northeastern Journal of Agricultural and Resource Economics from Northeastern Agricultural and Resource Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().