EconPapers    
Economics at your fingertips  
 

Agriculture as an Almost-Constant-Cost Industry: Evidence and Implications

Hans-Erik Uhlin and Kent Olson

Review of Agricultural Economics, 1999, vol. 21, issue 2, 409-423

Abstract: Instead of a significant, positive slope, we argue that agriculture's intermediate-run supply curve is S-shaped with a large, nearly horizontal area in the middle. If the demand curve intersects the nearly horizontal area, farmers lack the economic signals of who should remain and who should leave. Extension and advisory services, rural social development programs, and industrial policies need to be refocused during these periods of indeterminacy and instability. Development of alternative products and resource uses would help move "horizontal resources" to better alternatives, reduce the elastic portion of the supply curve, and create a more stable demand and supply intersection.

Date: 1999
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.2307/1349888 (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:revage:v:21:y:1999:i:2:p:409-423.

Ordering information: This journal article can be ordered from
http://www.oup.co.uk/journals

Access Statistics for this article

More articles in Review of Agricultural Economics from Agricultural and Applied Economics Association Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().

 
Page updated 2019-11-20
Handle: RePEc:oup:revage:v:21:y:1999:i:2:p:409-423.