Evaluating the Farmer's-Share-of-the-Retail-Dollar Statistic
Conventional wisdom appears to support the thesis that declines in USDA's farmer's share-of-the-retail-dollar (FS) statistics are indicators of low returns to agricultural production. We estimate changes in cattle and hog FS statistics and their relationship with producer surplus (PS) for...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Western Agricultural Economics Association
2009-08-01
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| Series: | Journal of Agricultural and Resource Economics |
| Subjects: | |
| Online Access: | https://ageconsearch.umn.edu/record/54543 |
| _version_ | 1818018166994894848 |
|---|---|
| author | Gary W. Brester John M. Marsh Joseph A. Atwood |
| author_facet | Gary W. Brester John M. Marsh Joseph A. Atwood |
| author_sort | Gary W. Brester |
| collection | DOAJ |
| description | Conventional wisdom appears to support the thesis that declines in USDA's farmer's share-of-the-retail-dollar (FS) statistics are indicators of low returns to agricultural production. We estimate changes in cattle and hog FS statistics and their relationship with producer surplus (PS) for changes in various exogenous factors. The method accounts for correlations among structural parameter estimates while simulating multivariate distributions of joint parameter realizations. The simulations indicate that relationships between FS and PS depend on the source of exogenous shocks. The lack of informational content in FS statistics suggests these data should not be used for policy purposes. |
| first_indexed | 2024-04-14T07:35:37Z |
| format | Article |
| id | doaj.art-28e44ab832134c7aa48cb9f5169d0369 |
| institution | Directory Open Access Journal |
| issn | 1068-5502 2327-8285 |
| language | English |
| last_indexed | 2024-04-14T07:35:37Z |
| publishDate | 2009-08-01 |
| publisher | Western Agricultural Economics Association |
| record_format | Article |
| series | Journal of Agricultural and Resource Economics |
| spelling | doaj.art-28e44ab832134c7aa48cb9f5169d03692022-12-22T02:05:41ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852009-08-0134221323610.22004/ag.econ.5454354543Evaluating the Farmer's-Share-of-the-Retail-Dollar StatisticGary W. BresterJohn M. MarshJoseph A. AtwoodConventional wisdom appears to support the thesis that declines in USDA's farmer's share-of-the-retail-dollar (FS) statistics are indicators of low returns to agricultural production. We estimate changes in cattle and hog FS statistics and their relationship with producer surplus (PS) for changes in various exogenous factors. The method accounts for correlations among structural parameter estimates while simulating multivariate distributions of joint parameter realizations. The simulations indicate that relationships between FS and PS depend on the source of exogenous shocks. The lack of informational content in FS statistics suggests these data should not be used for policy purposes.https://ageconsearch.umn.edu/record/54543farmer's share of the retail dollarmarketing marginsproducer surplustotal response elasticities |
| spellingShingle | Gary W. Brester John M. Marsh Joseph A. Atwood Evaluating the Farmer's-Share-of-the-Retail-Dollar Statistic Journal of Agricultural and Resource Economics farmer's share of the retail dollar marketing margins producer surplus total response elasticities |
| title | Evaluating the Farmer's-Share-of-the-Retail-Dollar Statistic |
| title_full | Evaluating the Farmer's-Share-of-the-Retail-Dollar Statistic |
| title_fullStr | Evaluating the Farmer's-Share-of-the-Retail-Dollar Statistic |
| title_full_unstemmed | Evaluating the Farmer's-Share-of-the-Retail-Dollar Statistic |
| title_short | Evaluating the Farmer's-Share-of-the-Retail-Dollar Statistic |
| title_sort | evaluating the farmer s share of the retail dollar statistic |
| topic | farmer's share of the retail dollar marketing margins producer surplus total response elasticities |
| url | https://ageconsearch.umn.edu/record/54543 |
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