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An Analysis of Producers' Year-to-Year Changes in Slaughter Hog Marketings*

Published online by Cambridge University Press:  28 April 2015

Ronald Raikes  and
Michael Trampel
Ronald Raikes
Affiliation:
Iowa State University
Michael Trampel
Affiliation:
Iowa State University Production Credit Association, Allison, Iowa
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Extract

Much effort is devoted to explaining and forecasting changes in marketings of agricultural commodities. The usual procedure involves formulating hypotheses about behavior of individual producers, then testing them and quantifying relationships by using aggregate data. The purpose of this paper is to suggest and illustrate a procedure that may provide a foundation for improved explanation and prediction of period-to-period changes in marketings.

The procedure uses data obtained from individual producers to test hypotheses about period-to-period changes. Results obtained from an application of this procedure (to analysis of year-to-year changes in hog marketings) suggest that expected profitability alone is unlikely to provide either a very complete explanation or accurate predictions of year-to-year changes.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 8 , Issue 2 , December 1976 , pp. 95 - 101
Copyright
Copyright © Southern Agricultural Economics Association 1976

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Footnotes

*

Journal Paper No. J-8619 of the Iowa Agriculture and Home Economics Experiment Station, Ames, Iowa. Project No. 1822.

References

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