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Weather Cycles, Production Yields and Georgia's Muscadine

Author

Listed:
  • Raghunathan, Uthra
  • Wong, Jonathan
  • Escalante, Cesar L.

Abstract

This paper looks at the relationship between weather, crop yield, and market price of muscadines using a dynamic panel data that spans from the 2000 to 2005 and across the state of Georgia. We use a Generalized Methods of Moments technique to estimate the impact of weather on the price of muscadines with the yield per acre as the instrumented variable. The results suggest that there is a relationship between the price and weather for muscadines, which provide important implications for the potential relevance of a weather derivative for muscadine production.

Suggested Citation

  • Raghunathan, Uthra & Wong, Jonathan & Escalante, Cesar L., 2007. "Weather Cycles, Production Yields and Georgia's Muscadine," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9926, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea07:9926
    DOI: 10.22004/ag.econ.9926
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    Keywords

    Farm Management; Risk and Uncertainty;

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