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Regional Resource Use And Commodity Supply Response

Author

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  • Adams, Richard M.
  • McKusick, Robert B.

Abstract

The feasibility of quadratic programming as a means of integrating agricultural pricequantity relationships and regional resource availability is demonstrated for a California test case. Estimates are developed for producer's and consumer's surplus, values of vegetables and field crop production, and resource use considering alternative levels of commodity demand, functional price-quantity relationships, normalized prices, and OBERS production projections. The results of the study have implications for resource policy analysis, shortrun agricultural price forecast, resource situation and outlook work, commodity and resource projections, and an expanded role for regional river basin studies.

Suggested Citation

  • Adams, Richard M. & McKusick, Robert B., 1977. "Regional Resource Use And Commodity Supply Response," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 29(4), pages 1-10, October.
    • Handle: RePEc:ags:uersja:148085
    DOI: 10.22004/ag.econ.148085
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    Cited by:

    1. Miller, Thomas A. & Washburn, Monte C., 1978. "AGSEM: An Agriculture Sector Equilibrium Model *Description *Example Analyses *Data," Economics Statistics and Cooperative Services (ESCS) Reports 329885, United States Department of Agriculture, Economic Research Service.

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