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An Econometric Model of the U.S. Beekeeping Industry

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  • Lois Schertz Willett
  • Ben C. French

Abstract

This paper presents a dynamic econometric model of the U.S. beekeeping industry for policy analysis and economic projections. Data from 1952 to 1984 were used to estimate the model by three-stage least squares. The model indicates that, when the federal price support for honey exceeded the market price, the federal program had a significant impact on several sectors of the industry. A comparison of beekeeper revenue, consumer expenditures, and federal government expenditures suggests the honey support program was an ineffective means of supporting honey prices from 1982 through 1984.

Suggested Citation

  • Lois Schertz Willett & Ben C. French, 1991. "An Econometric Model of the U.S. Beekeeping Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(1), pages 40-54.
    • Handle: RePEc:oup:ajagec:v:73:y:1991:i:1:p:40-54.
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    File URL: http://hdl.handle.net/10.2307/1242882
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    Cited by:

    1. Antoine Champetier & Daniel A Sumner, 2019. "Marginal Costs and Likely Supply Elasticities for Pollination and Honey," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 101(5), pages 1373-1385.
    2. Narjes, Manuel Ernesto & Lippert, Christian, 2019. "The Optimal Supply of Crop Pollination and Honey From Wild and Managed Bees: An Analytical Framework for Diverse Socio-Economic and Ecological Settings," Ecological Economics, Elsevier, vol. 157(C), pages 278-290.
    3. Muth, Mary K & Rucker, Randal R & Thurman, Walter N & Chuang, Ching-Ta, 2003. "The Fable of the Bees Revisited: Causes and Consequences of the U.S. Honey Program," Journal of Law and Economics, University of Chicago Press, vol. 46(2), pages 479-516, October.
    4. repec:ags:aaea22:335769 is not listed on IDEAS
    5. Joyce Monteiro da Silva & Marcos Antônio Souza dos Santos & Wânia Mendonça dos Santos & Joyce dos Santos Saraiva & Maria Lúcia Bahia Lopes & Nilson Luiz Costa & Bruno Cabral Soares & João Paulo B, 2022. "The Bee Honey Market in the State of Pará, Brazilian Amazon: An Econometric Model," Journal of Agricultural Studies, Macrothink Institute, vol. 10(3), pages 28-40, September.

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