An Analysis of Price Behavior in the United States Peanut Industry
No 266537, 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida from Southern Agricultural Economics Association
This research paper analyzes the fundamental relationship between peanut price and peanut production in the U.S. peanut industry during the period of 2003-2016, which followed the industry deregulation that took place in 2002 (i.e. the implementation of the Federal peanut quota buyout program and the elimination of associated price supports). The inverse demand framework is used to evaluate the peanut price-quantity relationship at the growers’ level of the peanut supply chain in a market environment free of the government programs directly affecting the peanut quantity produced.
Keywords: Agribusiness; Agricultural and Food Policy; Industrial Organization; Marketing (search for similar items in EconPapers)
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