Weather Cycles, Production Yields and Georgia's Muscadine

Uthra Raghunathan, Jonathan Wong and Cesar Escalante ()

No 9926, 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper looks at the relationship between weather, crop yield, and market price of muscadines using a dynamic panel data that spans from the 2000 to 2005 and across the state of Georgia. We use a Generalized Methods of Moments technique to estimate the impact of weather on the price of muscadines with the yield per acre as the instrumented variable. The results suggest that there is a relationship between the price and weather for muscadines, which provide important implications for the potential relevance of a weather derivative for muscadine production.

Keywords: Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 21
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea07:9926

DOI: 10.22004/ag.econ.9926

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