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Dynamic Regional Analysis Of The California Alfalfa Market With Government Policy Impacts

Author

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  • Konyar, Kazim
  • Knapp, Keith C.

Abstract

Alfalfa's heavy reliance on irrigation water and its role as an alternate to program crops makes it susceptible to changes in government farm policies. This article presents a dynamic spatial equilibrium model of the California alfalfa market. The model is used to forecast alfalfa acreage, prices paid and received, and transportation flows for the short run and the long run under the base year conditions. The base year results then are compared to a situation of changing demand due to reductions in federal water subsidies and the implementation of a cotton acreage-reduction program.

Suggested Citation

  • Konyar, Kazim & Knapp, Keith C., 1990. "Dynamic Regional Analysis Of The California Alfalfa Market With Government Policy Impacts," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(1), pages 1-11, July.
    • Handle: RePEc:ags:wjagec:32500
    DOI: 10.22004/ag.econ.32500
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    File URL: https://ageconsearch.umn.edu/record/32500/files/15010022.pdf
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    References listed on IDEAS

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    1. Blake, Martin J. & Clevenger, Tom, 1984. "A Linked Annual And Monthly Model For Forecasting Alfalfa Hay Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(1), pages 1-5, July.
    2. Konyar, Kazim & Knapp, Keith, 1986. "Demand for Alfalfa Hay in California," Research Reports 251941, University of California, Davis, Giannini Foundation.
    3. Steven C. Blank & Harry W. Ayer, 1987. "Government policy cross effects: The cotton and dairy programs' influence on alfalfa hay markets," Agribusiness, John Wiley & Sons, Ltd., vol. 3(4), pages 385-392.
    4. Just, Richard E., 1974. "Econometric Analysis of Production Decisions with Government Intervention: The Case of the California Field Crops," Monographs, University of California, Davis, Giannini Foundation, number 251950, December.
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    Cited by:

    1. Lim, Teng & Massey, Ray & McCann, Laura & Canter, Timothy & Omura, Seabrook & Willett, Cammy & Roach, Alice & Key, Nigel & Dodson, Laura, 2023. "Increasing the Value of Manure for Farmers," USDA Miscellaneous 333552, United States Department of Agriculture.
    2. Moore, Madison, 2015. "The Economics of Water: The Effects of Irrigation on Average Farm Revenue," SS-AAEA Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 2015, pages 1-13.
    3. Konyar, Kazim & Howitt, Richard E., 2000. "The Cost Of The Kyoto Protocol To U.S. Crop Production: Measuring Crop Price, Regional Acreage, Welfare, And Input Substitution Effects," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-21, December.
    4. Diersen, Matthew A., 2008. "Hay Price Forecasts at the State Level," 2008 Conference, April 21-22, 2008, St. Louis, Missouri 37600, NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.

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