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Profit Volatility And Water-Energy , Demand Elasticities In Citrus Production

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  • Wilkowske, Gary H.
  • Lynne, Gary D.

Abstract

The demand for energy and irrigation water by the Florida citrus industry is shown to be relatively inelastic for energy price increases upward to 300 percent. As expected, product price increases have a more dramatic effect on profit than do energy price increases. A small product price increase can easily offset a much larger increase in energy prices.

Suggested Citation

  • Wilkowske, Gary H. & Lynne, Gary D., 1981. "Profit Volatility And Water-Energy , Demand Elasticities In Citrus Production," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279373, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279373
    DOI: 10.22004/ag.econ.279373
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    File URL: https://ageconsearch.umn.edu/record/279373/files/aaea-1981-107.pdf
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    References listed on IDEAS

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    1. Young, Kenneth B. & Coomer, Jerry M., 1980. "Effects of Natural Gas Price Increases on Texas High Plains Irrigation, 1976-2025," Agricultural Economic Reports 307879, United States Department of Agriculture, Economic Research Service.
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    Keywords

    Production Economics;

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