AN ANALYSIS OF THE IMPACT OF ENERGY PRICE ESCALATIONS DURING THE 1970S ON HAWAII BEEF PRODUCTION AND PRICES

Roland Roberts, Gary R. Vieth and Nolan, James C.,

Western Journal of Agricultural Economics, 1984, vol. 09, issue 01, 16

Abstract: A quarterly econometric model of the Hawaii beef production sector is estimated. Energy prices influence the model through Hawaii beef and feed prices which are a function of Mainland-to-Hawaii freight rates. Energy prices also influence the decision of whether to allocate feeder animals to feedlots or pasture. Through simulation, it was found that rapidly increasing energy prices after 1973 resulted in a 22 percent reduction in total Hawaii beef production. The composition of production also changed toward more grain fed and less grass fed beef. Given these results, other state and national beef modelers might find it useful to include energy prices in their models.

Keywords: Livestock Production/Industries; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 1984
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://ageconsearch.umn.edu/record/32370/files/09010090.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:wjagec:32370

DOI: 10.22004/ag.econ.32370

Access Statistics for this article

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