A Market Equilibrium Analysis of the Impact of Risk on the U.S. Rice Industry

B Brorsen, Jean-Paul Chavas () and Warren R. Grant

American Journal of Agricultural Economics, 1987, vol. 69, issue 4, 733-739

Abstract: An economic model of supply/demand for U.S. rice suggests that increases in risk result in decreased acreage and increased marketing margins. In a market equilibrium context, the empirical results also suggest rice production and rice prices are more responsive to changes in risk faced by marketing firms than changes in risk faced by producing firms.

Date: 1987
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