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Forecasting the market outlook for the South African maize and sorghum sector using econometric modeling

Author

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  • Poonyth, Daneswar
  • van Zyl, Johan
  • Meyer, Ferdinand H.

Abstract

In this study, an econometric model of the South African maize and sorghum sector is estimated. Using the developed model, a market outlook for the two major grain sectors – maize and sorghum - for 1999/00 to 2006/07, is generated under the specified assumptions. Results indicate that for both maize and sorghum, consumption will gradually increase over time. In spite of varying areas of maize and sorghum being harvested, total production will also gradually increase over time due to increases in particularly yields.

Suggested Citation

  • Poonyth, Daneswar & van Zyl, Johan & Meyer, Ferdinand H., 2000. "Forecasting the market outlook for the South African maize and sorghum sector using econometric modeling," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 39(4), pages 1-13, December.
    • Handle: RePEc:ags:agreko:54221
    DOI: 10.22004/ag.econ.54221
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    References listed on IDEAS

    as
    1. Cleasby, R. C. G. & Darroch, M. A. G. & Ortmann, G. F., 1993. "Factors Affecting The Demand For And Supply Of South African Yellow Maize Exports," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 32(1), March.
    2. Kost, William E., 1980. "Model Validation And The Net Trade Model," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 32(2), pages 1-16, April.
    3. Schimmelpfennig, David & Thirtle, Colin & van Zyl, J., 1996. "Crop Level Supply Response In South African I Agriculture: An Error Correction Approach," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(3), September.
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    Cited by:

    1. Davids, T. & Meyer, F. & Westhoff, P., 2018. "Quantifying the regional impact of export controls in Southern African maize markets," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277353, International Association of Agricultural Economists.

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    Keywords

    Crop Production/Industries; Marketing;

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