Kenaf Demand in Thailand

This report presents results of a study directed toward specification of relationships which determine some important variables in the market for Thai kenaf and which provide empirical estimates of parameters in these relationships. The work has been undertaken in pursuit of two general sets of objectives. First, the research forms part of a larger project in which a comprehensive model is being constructed to represent production, consumption, price determination, and interregional trade and competition for major commodities within Thailand\u27s agricultural economy. The project is being conducted within the Division of Agricultural Economics, Ministry of Agriculture and Cooperatives (DAE), and staff from several of the branches of DAE are participating. The present effort to construct a statistical model of demand and price determination for kenaf is one of several commodity market studies now being conducted under this project. Second, it is also intended that this work shall form part of the regular work program of the Demand Analysis Sub-Branch of DAE\u27s Marketing Branch. Here there are two sub-objectives. One is to develop analytical structures and results which may be used independently for short-term demand and price forecasting. Although forecasts would rarely be based solely on results from a formal model, such models can provide valuable inputs into the forecasting process.https://lib.dr.iastate.edu/dae-card_sectoranalysis/1004/thumbnail.jp

Your Stake in International Economic Development and Foreign Trade

Products from 1 out of every 4 U.S. crop acres now move overseas. Long-run prospects for larger commercial exports affected greatly by the rate of economic progress and per capita income growth in less developed countries

REGIONAL AND NATIONAL IMPACTS OF EXPANDED PACIFIC NORTHWEST POTATO PRODUCTION

A 46-equation econometric model of the U.S. potato market was developed. The model examines the determination of planted acreage, yield, production, and farm prices in the Pacific Northwest and in five other producing regions which compete with Northwest production. National demand relationships for potatoes used in processing, fresh consumption and livestock feed are also specified. These estimated relationships are used to simulate future scenarios which assume alternative rates of expansion for Northwest potato production. Results suggest that opportunities for considerable expansion of Northwest potato production exist if the secular shift in potato demand continues and increases in acreage are not excessive or expansion does not occur too quickly.Crop Production/Industries,

The Wold Food Situation

Economically advanced and under-developed countries show great contrasts in food production and consumption. Population growth and widespread desire for improved diets are adding to pressure on world food supplies

Optimal Sequential Grain Marketing Decisions under Risk Aversion and Price Uncertainty

A method is developed to find sequences of expected utility maximizing decisions under risk aversion when random elements are time-dependent and additive separable utility of income is implausible. A Taylor-series approximation to expected utility is used. In an application to marketing stored wheat, expected seasonal sales patterns, early fractional sales of total inventory for risk reduction, and negative skewness in resulting income distributions are noted. Sensitivity to the number of income distribution moments used to approximate expected utility is examined. Six moments produce a good approximation. Use of only mean and variance can give doubtful results. Copyright 1997, Oxford University Press.