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Current Efforts at Estimation of Costs-of-Production in the Economic Research Service

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  • Krenz, Ronald D.

Abstract

The topic for this session indicates that we are dealing with the matter of "issues in setting effective target prices". From examining the titles of the various papers .to be presented, one would get the impression that the cost-of-production is important in setting target prices. This raises several questions that I would like to address. First, "Is cost-of-production a good basis for setting target prices?"; secondly, "If it is considered appropriate that they be used to set target prices, then what costs should be covered by target prices?"; and finally, "How should these production costs be estimated?".

Suggested Citation

  • Krenz, Ronald D., 1975. "Current Efforts at Estimation of Costs-of-Production in the Economic Research Service," 1975 Annual Meeting, August 10-13, Columbus, Ohio 284466, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea75:284466
    DOI: 10.22004/ag.econ.284466
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    Cited by:

    1. Paarlberg, Philip L., 1997. "Agricultural Transformation in the New Federal States of Germany," 1997: Economic Transition in Central and East Europe, and the Former Soviet Union: Implications ... Symposium, June 12-14, 1997, Berlin, Germany 50846, International Agricultural Trade Research Consortium.

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    Keywords

    Production Economics;

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