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Values of Australian wheat and flour quality characteristics

Author

Listed:
  • Fredoun Z. Ahmadi-Esfahani

    (Senior Lecturer and Research Assistant in the Department of Agricultural Economics at the University of Sydney, Australia)

  • Roland G. Stanmore

    (Senior Lecturer and Research Assistant in the Department of Agricultural Economics at the University of Sydney, Australia)

Abstract

There is currently a lack of information regarding the values of Australia's wheat and flour characteristics. A hedonic price function is applied to Australia's wheat exports over the period 1976-1977 to 1990-1991 to estimate the implicit prices of wheat and flour characteristics. The results suggest that protein is the most important wheat characteristic with a premium of $8.80|T|percentage point. Other wheat characteristics such as thousand-kernel weight and ash content are also found to have significant premiums and discounts. For flour, protein with a premium of $5.34|T|percent-age point and color grade are the most important characteristics. The implications of the results for policy formulation in relation to the grading system, breeding programs, and marketing are discussed. ©1994 by John Wiley & Sons, Inc.

Suggested Citation

  • Fredoun Z. Ahmadi-Esfahani & Roland G. Stanmore, 1994. "Values of Australian wheat and flour quality characteristics," Agribusiness, John Wiley & Sons, Ltd., vol. 10(6), pages 529-536.
    • Handle: RePEc:wly:agribz:v:10:y:1994:i:6:p:529-536
    DOI: 10.1002/1520-6297(199411/12)10:6<529::AID-AGR2720100610>3.0.CO;2-3
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    References listed on IDEAS

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    1. Espinosa, Juan Andres & Goodwin, Barry K., 1991. "Hedonic Price Estimation For Kansas Wheat Characteristics," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(1), pages 1-14, July.
    2. Wilson, William W., 1989. "Differentiation And Implicit Prices In Export Wheat Markets," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(1), pages 1-11, July.
    3. Bruno Larue, 1991. "Is Wheat a Homogeneous Product?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 39(2), pages 103-117, July.
    4. Michele M. Veeman, 1987. "Hedonic Price Functions for Wheat in the World Market: Implications for Canadian Wheat Export Strategy," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 35(3), pages 535-552, November.
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    Cited by:

    1. Gibbon, Candice & Nolan, Elizabeth, 2011. "The Australian Wool Industry: A hedonic pricing analysis of the factors affecting price of Australian wool," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100552, Australian Agricultural and Resource Economics Society.
    2. Ahmadi-Esfahani, Fredoun Z. & Stanmore, Roland G., 1994. "Quality Premiums For Australian Wheat In The Growing Asian Markets," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(3), pages 1-14, December.
    3. Suleyman KARAMAN & Feyza YAVUZ, 2014. "Hedonic price analysis of the quality characteristics of Anatolian hard red wheat," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 60(10), pages 469-478.
    4. Stiegert, Kyle W. & Blanc, Jean-Pierre, 1997. "Japanese Demand For Wheat Protein Quantity And Quality," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(1), pages 1-16, July.
    5. Samikwa, Duncan D. & Brorsen, B. Wade & Sanders, Larry D., 1998. "Hedonic Prices Of Malawi Burley Tobacco," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 1(1), pages 1-11.
    6. Nolan, Elizabeth & Farrell, Terence & Ryan, Madeleine & Gibbon, Candice & Ahmadi-Esfahani, Fredoun Z., 2014. "Valuing quality attributes of Australian merino wool," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(3), July.
    7. Ahmadi-Esfahani, Fredoun Z. & Stanmore, Roland G., 1997. "Export demand for attributes of Australian wheat in Asia and the Middle East," Food Policy, Elsevier, vol. 22(2), pages 145-154, April.
    8. Agbola, Frank W. & Kelley, Timothy G. & Bent, Martin J.M. & Rao, P. Parthasarathy, 2002. "Eliciting And Valuing Market Preferences With Traditional Food Crops: The Case Of Chickpea In India," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 5(1), pages 1-15.
    9. Veeman, Michele M. & Unterschultz, James R. & Kim, Renee B., 2002. "Canadian Wheat Export Prospects In The Asian Noodle Market: Analyzing Japan And Korean Milling Industries," Project Report Series 24055, University of Alberta, Department of Resource Economics and Environmental Sociology.
    10. Hufton, Charlie & Griffith, Garry R. & Mullen, John D., 2008. "The influence of weight and fat on lamb prices revisited," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6021, Australian Agricultural and Resource Economics Society.

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