ECONOMIC RELATIONSHIPS OF U.S. SORGHUM DEMAND AND PRICE

Warren R. Grant and Roger L. Hoskin

No 276836, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: An econometric model, measuring the impact of market forces and Government policies on demand and prices for U.S. sorghum during 1959/81, is estimated. The model shows that domestic feed demand is less responsive to a price change than is export demand. Corn's substitution for sorghum as a feed has further eroded the sorghum market. Today's sorghum industry faces surplus conditions similar to those of the sixties. Simulation with the model indicates earnings will be weak unless Government programs change or carryover stocks are drawn down.

Keywords: Crop Production/Industries; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 41
Date: 1984-07
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/276836/files/ers-report-097.pdf (application/pdf)

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:ags:uerssr:276836

DOI: 10.22004/ag.econ.276836

Access Statistics for this paper

More papers in Staff Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().