PROFIT VOLATILITY AND WATER-ENERGY, DEMAND ELASTICITIES IN CITRUS PRODUCTION

Gary H. Wilkowske and Gary D. Lynne

No 279373, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The demand for energy and irrigation water by the Florida citrus industry is shown to be relatively inelastic for energy price increases upward to 300 percent. As expected, product price increases have a more dramatic effect on profit than do energy price increases. A small product price increase can easily offset a much larger increase in energy prices.

Keywords: Production; Economics (search for similar items in EconPapers)
Pages: 16
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279373

DOI: 10.22004/ag.econ.279373

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