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Evaluation of Selected Fresh Vegetable Terminal Markets: A Stochastic Dominance Approach

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  • Hinson, Roger
  • Huh, Mooyul
  • Lee, John G.

Abstract

Vegetable production can offer a high-valued cash crop alternative. While returns may be high, vegetables are perceived to have more risk than conventional row crops. This study used stochastic dominance analysis to evaluate terminal market price risk for four vegetable crops across five market locations. Results from the analysis identify differences in efficient market selection depending on the form which price risk follows. While vegetables as a whole are considered risky, substantial differences in the type of terminal market price variability existed between the commodities.

Suggested Citation

  • Hinson, Roger & Huh, Mooyul & Lee, John G., 1990. "Evaluation of Selected Fresh Vegetable Terminal Markets: A Stochastic Dominance Approach," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(2), pages 39-48, December.
    • Handle: RePEc:cup:jagaec:v:22:y:1990:i:02:p:39-48_00
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    Cited by:

    1. Stewart, Hayden & Blisard, Noel & Jolliffe, Dean, 2003. "Do Income Constraints Inhibit Spending on Fruits and Vegetables Among Low-Income Households?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 28(3), pages 1-16, December.

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