Rude, James
- University of Alberta
Abstract
Canada's hog sector has faced two decades of tumultuous growth, yet there are no recent estimates of supply response. This study uses state-space methods to account for a multiplicity of autonomous structural changes impacting the sector and determines if the fundamental relationship between supply response and hog prices has changed from previous estimates. The results are consistent with prior research but offer the reader previously unavailable estimates of supply response with respect to feed prices and the variability of hog and feed prices. Feed price elasticities are somewhat larger than hog price elasticities. The effects of price risk for supply response appear quite muted but the impacts of feed price risk are greater than for hog price risk.
Published in
Canadian Journal of Agricultural Economics / Revue canadienne d'agroeconomie
2014, volume: 62, number: 2, pages: 149-169
SLU Authors
Surry, Yves
- Department of Economics, Swedish University of Agricultural Sciences
- Department of Economics, Swedish University of Agricultural Sciences
UKÄ Subject classification
Economics
Publication identifier
- DOI: https://doi.org/10.1111/cjag.12021
Permanent link to this page (URI)
https://res.slu.se/id/publ/53034