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An Economic Analysis Of Producing Carrots In The Red River Valley

Author

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  • Koo, Won W.
  • Taylor, Richard D.

Abstract

This report evaluates the U.S. carrot market using a quadratic programming algorithm. North Dakota ships carrots locally and to Minnesota under both the base and 1,000 acre scenarios. North Dakota starts to ship carrots to Illinois as it produces more under other alternative scenarios. This clearly indicates that North Dakota has a comparative advantage in producing carrots over other neighboring states. North Dakota could produce about 8,000 acres of carrots and market them to North Dakota, Minnesota, and Illinois. Additional production of carrots in North Dakota may not affect the national average price of carrots, but local prices may be affected due to regional competition.

Suggested Citation

  • Koo, Won W. & Taylor, Richard D., 1999. "An Economic Analysis Of Producing Carrots In The Red River Valley," Agricultural Economics Reports 23123, North Dakota State University, Department of Agribusiness and Applied Economics.
    • Handle: RePEc:ags:nddaer:23123
    DOI: 10.22004/ag.econ.23123
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    File URL: https://ageconsearch.umn.edu/record/23123/files/aer430.pdf
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    Cited by:

    1. El-Rasoul, Ahmed Abou El-Yazid & alomar, Ibrahim Saleh, 2012. "دراسة اقتصادية تحليلية لكفاءة استخدام أنماط الري الحديثة: دراسة ميدانية بمزارع منطقة القصيم [An analytical economic study for the efficiency of water resources use in irrigation, “A field study at ," MPRA Paper 98655, University Library of Munich, Germany.

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    Keywords

    Marketing; Production Economics;

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