Farm and Retail Food Prices

John Freebairn

Review of Marketing and Agricultural Economics, 1984, vol. 52, issue 02, 20

Abstract: This paper analyses the relationship between monthly observations on farm level and retail level prices of three meats, seven fresh vegetables, five fresh fruits, eggs and cereals over the 1970's. A priori reasoning and results of Sim's casuality tests suggest that in most cases changes in farm prices cause changes in retail prices rather than the reverse or a simultaneous relationship. Markup price relationships are estimated. Most of the variation of retail prices is explained by the current farm price, lagged farm prices, a wage variable, and last period's retail price of a substitute product.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:12264

DOI: 10.22004/ag.econ.12264

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