Monthly Price-Quantity Relations for Broilers at the Farm Level

Paul L. Farris and Richard D. Darley

American Journal of Agricultural Economics, 1964, vol. 46, issue 4, 849-856

Abstract: Knowledge of seasonal demand patterns can be of value in production planning and orderly marketing of agricultural commodities. This paper presents monthly estimates of broiler price-quantity relations at the farm level for the 1953–63 period. The monthly relations differed significantly from each other. Differences were mainly in the levels of the relations rather than the slopes. A model using zero-one variables was then employed which constrained the slopes of the regression lines to a single value but allowed the levels to vary. The level was lowest in December. The regression line shifted upward each month until July, after which it shifted rapidly back downward during the fall months. Estimates of farm level price elasticity of demand for broilers ranged from around −1.4 during the late winter and early spring months to around unity during the summer and fall months.

Date: 1964
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2307/1236518 (application/pdf)
Access to full text is restricted to subscribers.

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:oup:ajagec:v:46:y:1964:i:4:p:849-856.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().