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
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:276836
DOI: 10.22004/ag.econ.276836
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