Hostname: page-component-78c5997874-4rdpn Total loading time: 0 Render date: 2024-11-13T04:03:33.279Z Has data issue: false hasContentIssue false
  • English
  • Français

U.S. Kiwifruit Industry Model: Annual Supply and Monthly Demand

Published online by Cambridge University Press:  28 April 2015

Hikaru Hanawa Peterson  and
Lois Schertz Willett
Hikaru Hanawa Peterson
Affiliation:
Department of Agricultural Economics, Kansas State University
Lois Schertz Willett
Affiliation:
Food and Resource Economics Department, University of Florida
Get access Rights & Permissions [Opens in a new window]

Abstract

A dynamic econometric model of the U.S. kiwifruit industry provides a framework for empirical analysis of small-scale commodities, particularly those used by producers for diversification. Production and marketing processes are explained by annual and monthly components, respectively. Results confirm that plantings were speculative and that economic feasibility critically impacts acreage retention as the industry matures. Prices at alternative outlets and fruit quality in storage affect monthly shipments. Flexibilities of monthly f.o.b. prices imply elastic kiwifruit demand, and imports are found to be substitutes. The industry could increase its average annual gross revenue by marketing the crop earlier in the season.

Keywords

econometricsdemand flexibilityimportskiwifruitspecialty crop
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 32 , Issue 3 , December 2000 , pp. 479 - 491
Copyright
Copyright © Southern Agricultural Economics Association 2000

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Beutel, J.A. “Kiwifruit.” Advances in New Crop— Proceedings of the First National Symposium NEW CROPS: Research, Development, Economics, Indianapolis, IN, October 1988. Janick, J. and Simon, J.E., eds. Portland, OR: Timber Press, 1990.Google Scholar
CKC (California Kiwifruit Commission). Linda Harner. Printed for the author. July 1995 and April 1998.Google Scholar
Feige, E.L. and Pearce, D.K.. “Economically Rational Expectations: Are Innovations in the Rate of Inflation Independent of Innovations in Monetary and Fiscal Policy?” Journal of Political Economics 84(1976):499–522.CrossRefGoogle Scholar
French, B.C. “The Long-Term Price and Production Outlook for Apples in the United States and Michigan.” Michigan State University, 1956.Google Scholar
French, B.C. and Bressler, R.G.. “The Lemon Cycle.” Journal of Farm Economics 44(1962):1021–1036.CrossRefGoogle Scholar
French, B.C. and King, G.A.. “Demand and Price-Markup Functions for Canned Cling Peaches and Fruit Cocktail.” Western Journal of Agricultural Economics 11(1986):8–18.Google Scholar
French, B.C., King, G.A., and Minami, D.D.. “Planting and Removal Relationships for Perennial Crops: An Application to Cling Peaches.” American Journal of Agricultural Economies 67(1985):215–223.CrossRefGoogle Scholar
French, B.C. and Matthews, J.L.. “A Supply Response Model for Perennial Crops.” American Journal of Agricultural Economics 53(1971):478–490.CrossRefGoogle Scholar
Greene, W.H.Econometric Analysis. Third edition. Upper Saddle River, NJ: Prentice Hall, 1997.Google Scholar
Gujarati, D.N.Basic Econometrics. Third edition. New York, NY: McGraw Hill, Inc., 1995.Google Scholar
Hanawa, H., Willett, L.S., and Tomek, W.G.. “An Econometric Analysis of the U.S. Kiwifruit Industry: Annual and Monthly Factors.” Department of Agricultural, Resource, and Managerial Economics, Cornell University, Research Bulletin R.B.97-07, April 1997.Google Scholar
Harwood, J., Heifner, R., Coble, K., Perry, J., and Somwaru, A.. Managing Risk in Farming: Concepts, Research, and Analysis. Market and Trade Economics Division and Resource Economics Division, USDA/ERS. Agricultural Economic Report No. 774, March 1999.Google Scholar
Houston, M. Interview by the author. Transcript. Sacramento, CA, 25 July 1995.Google Scholar
Kalaitzandonakes, N.G. and Shonkwiler, J.S.. “A State-Space Approach to Perennial Crop Supply Analysis.” American Journal of Agricultural Economics 74(1992):343–352.CrossRefGoogle Scholar
Knapp, K.C. and Konyar, K.. “Perennial Crop Supply Response: A Kaiman Filter Approach.” American Journal of Agricultural Economics 73(1991):841–849.CrossRefGoogle Scholar
Myers, R.J. “Time Series Econometrics and Commodity Price Analysis: A Review.” Review of Marketing and Agricultural Economics 62(1994):167–181.Google Scholar
Park, J.Y. “Testing for Unit Roots and Cointegration by Variable Addition.” Advances in Econometrics, Volume 8, Fomby, T.B. and Rhodes, G.E., eds., pp. 107–133. Greenwich, CT: JAI Press, Inc., 1990.Google Scholar
Pindyck, R.S. and Rubinfeld, D.L.. Econometric Models and Economic Forecasts. Fourth edition. New York, NY: McGraw Hill, Inc., 1998.Google Scholar
Tomek, W.G. and Robinson, K.L.. Agricultural Product Prices. Third edition. Ithaca, NY and London: Cornell University Press, 1990.Google Scholar
USDA/AMS, Federal-State Market News Service. “California Deciduous Fruit Report.” Various daily issues.Google Scholar
USDA/ERS. Fruit and Tree Nuts: Situation and Outlook Report, Yearbook Issue. FTS-284 (October 1998), Table F-29.Google Scholar
USDA/FAS. “Kiwifruit Situation for Selected Countries.” World Horticultural Trade and U.S. Export Opportunities, March 1998, pp. 30–41.Google Scholar