SUPPLY RESPONSES IN THE SOUTH AUSTRALIAN POTATO INDUSTRY
| dc.creator | Mules, T.J. | |
| dc.creator | Jarrett, Frank G. | |
| dc.date | 2017-04-01T17:05:07Z | |
| dc.date.accessioned | 2026-07-09T03:40:36Z | |
| dc.description | The potato industry in South Australia is characterised by very unstable prices. One hypothesis for this instability is that potato growers' acreage responses follow a cobweb pattern, that is, a one year lag of acreage to price. This hypothesis is tested, together with a two year lag and a distributed lag. The distributed lag model seems the most satisfactory and gives a short-run elasticity of acreage to price of 0.36 and a long-run elasticity of 1.09. An alternative to the lagged price hypothesis is the "constant cash return" hypothesis which postulates that potatoes are grown to provide a certain cash income to permit farm development. This explanation of acreage response only seems relevant in the dairying and fat lamb areas of the State. | |
| dc.identifier | doi:10.22004/ag.econ.22670 | |
| dc.identifier | https://ageconsearch.umn.edu/record/22670/files/10010052.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/22670 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/538099 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/22670 | |
| dc.title | SUPPLY RESPONSES IN THE SOUTH AUSTRALIAN POTATO INDUSTRY | |
| dc.type | Text |