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Some Effects of Rice Quality on Rough Rice Prices

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  • Brorsen, B. Wade
  • Grant, Warren R.
  • Rister, M. Edward

Abstract

Quality discounts and premiums for rough rice in Texas rice bid/acceptance markets are analyzed. The most important quality factors determining the value of rough rice are head yield and peck. A one percentage point reduction in peck damage raises the price received per hundredweight of rough rice by $.13 to $.68 across markets and years. Since peck damage can be reduced by controlling the rice stinkbug, evaluation of alternative methods for better control of this pest in Texas rice fields is needed.

Suggested Citation

  • Brorsen, B. Wade & Grant, Warren R. & Rister, M. Edward, 1988. "Some Effects of Rice Quality on Rough Rice Prices," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(1), pages 131-140, July.
    • Handle: RePEc:cup:jagaec:v:20:y:1988:i:01:p:131-140_02
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    References listed on IDEAS

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    1. Ethridge, Don E. & Davis, Bob, 1982. "Hedonic Price Estimation For Commodities: An Application To Cotton," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-8, December.
    2. Spitzer, John J, 1982. "A Primer on Box-Cox Estimation," The Review of Economics and Statistics, MIT Press, vol. 64(2), pages 307-313, May.
    3. Lucas, Robert E B, 1975. "Hedonic Price Functions," Economic Inquiry, Western Economic Association International, vol. 13(2), pages 157-178, June.
    4. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, September.
    5. B. Wade Brorsen & Warren R. Grant & M. Edward Rister, 1984. "A Hedonic Price Model for Rough Rice Bid/Acceptance Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(2), pages 156-163.
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    1. Margaretha Rudstrom, 2004. "Determining Implicit Prices for Hay Quality and Bale Characteristics," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(4), pages 552-562.
    2. Roger A. Hinson & Steven C. Turner & John R. Brooker, 1995. "Transactions methods among US wholesale nurseries," Agribusiness, John Wiley & Sons, Ltd., vol. 11(2), pages 147-154.
    3. Harper, Jayson K. & Mjelde, James W. & Rister, M. Edward & Way, Michael O. & Drees, Bastiaan M., 1994. "Developing Flexible Economic Thresholds For Pest Management Using Dynamic Programming," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(1), pages 1-14, July.
    4. Lyman, Nathaniel & Nalley, Lawton Lanier, 2013. "Stochastic Valuation of Hybrid Rice Technology in Arkansas," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142505, Southern Agricultural Economics Association.
    5. Setia, Parveen & Childs, Nathan & Wailes, Eric & Livezey, Janet, 1994. "The U.S. Rice Industry," Agricultural Economic Reports 305473, United States Department of Agriculture, Economic Research Service.

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