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Monthly Price-Quantity Relations for Broilers at the Farm Level

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  • Paul L. Farris
  • Richard D. Darley

Abstract

Knowledge of seasonal demand patterns can be of value in production planning and orderly marketing of agricultural commodities. This paper presents monthly estimates of broiler price-quantity relations at the farm level for the 1953–63 period. The monthly relations differed significantly from each other. Differences were mainly in the levels of the relations rather than the slopes. A model using zero-one variables was then employed which constrained the slopes of the regression lines to a single value but allowed the levels to vary. The level was lowest in December. The regression line shifted upward each month until July, after which it shifted rapidly back downward during the fall months. Estimates of farm level price elasticity of demand for broilers ranged from around −1.4 during the late winter and early spring months to around unity during the summer and fall months.

Suggested Citation

  • Paul L. Farris & Richard D. Darley, 1964. "Monthly Price-Quantity Relations for Broilers at the Farm Level," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 46(4), pages 849-856.
    • Handle: RePEc:oup:ajagec:v:46:y:1964:i:4:p:849-856.
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    File URL: http://hdl.handle.net/10.2307/1236518
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