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Probit analysis of market participants' attitudes toward selected market alternatives for us farmers' stock peanuts

Author

Listed:
  • P. K. Kwakyi

    (Division of Agricultural Economics, University of Georgia)

  • J. E. Epperson

    (Division of Agricultural Economics, University of Georgia)

  • S. M. Fletcher

    (Division of Agricultural Economics, University of Georgia)

  • D. H. Carley

    (Division of Agricultural Economics, University of Georgia)

Abstract

Attitudes of producers and buyers of farmers' stock peanuts toward different market alternatives were analyzed assuming the absence of the government support program. A multivariate probit model was used to ascertain profiles of producers favoring the private treaty market and the proposed organized markets. Results indicate that computerization of the private treaty market might serve as a basis for implementation of an organized market for farmers' stock peanuts.

Suggested Citation

  • P. K. Kwakyi & J. E. Epperson & S. M. Fletcher & D. H. Carley, 1989. "Probit analysis of market participants' attitudes toward selected market alternatives for us farmers' stock peanuts," Agribusiness, John Wiley & Sons, Ltd., vol. 5(2), pages 107-119.
    • Handle: RePEc:wly:agribz:v:5:y:1989:i:2:p:107-119
    DOI: 10.1002/1520-6297(198903)5:2<107::AID-AGR2720050204>3.0.CO;2-9
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    References listed on IDEAS

    as
    1. Schrader, Lee F., 1984. "Implications Of Electronic Trading For Agricultural Prices," 1984 Annual Meeting, August 5-8, Ithaca, New York 279041, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Steven T. Buccola, 1985. "Pricing Efficiency in Centralized and Noncentralized Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 583-590.
    3. Steven T. Buccola, 1983. "Risk Preferences and Short-Run Pricing Efficiency," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(3), pages 587-591.
    4. Henderson, Dennis R. & Schrader, Lee F. & Sporleder, Thomas L. & Baldwin, E. Dean, 1979. "The Economic Feasibility and Impacts of Electronic Markets: A Tentative Appraisal," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 278375, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Lee F. Schrader, 1984. "Implications of Electronic Trading for Agricultural Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(5), pages 854-858.
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    Cited by:

    1. Tambi, N. E. & Mukhebi, W. A. & Maina, W. O. & Solomon, H. -M., 1999. "Probit analysis of livestock producers' demand for private veterinary services in the high potential agricultural areas of Kenya," Agricultural Systems, Elsevier, vol. 59(2), pages 163-176, February.
    2. BATTESE, GEORGEE. & Ahmad, Munir, 1997. "A pro bit analysis of the incidence of the cotton leaf curl virus in Punjab, Pakistan," MPRA Paper 37706, University Library of Munich, Germany.

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