Agricultural Prices and Commodity Market Analysis / Edition 1

Agricultural Prices and Commodity Market Analysis / Edition 1

by John N. Ferris
     
 

ISBN-10: 0870137514

ISBN-13: 9780870137518

Pub. Date: 07/28/2005

Publisher: Michigan State University Press

This book features the application of economic theory to agriculture and the food industry, using quantitative tools. The blend of theory and application is unique in detailing how demand and supply can be measured and how econometric simulation models may be constructed and evaluated. The volume focuses on forecasting and generating long-term projections as well

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Overview

This book features the application of economic theory to agriculture and the food industry, using quantitative tools. The blend of theory and application is unique in detailing how demand and supply can be measured and how econometric simulation models may be constructed and evaluated. The volume focuses on forecasting and generating long-term projections as well as discussing the relatively unexplored area of stochastic modeling, which is critical in handling crop yield variability. Other topics covered in the text include agricultural policy analysis and futures/options markets. The role of time series models in improving structural equations and forecasting techniques provides a capstone for this book.

Product Details

ISBN-13:
9780870137518
Publisher:
Michigan State University Press
Publication date:
07/28/2005
Edition description:
REV
Pages:
361
Sales rank:
899,207
Product dimensions:
7.00(w) x 10.00(h) x 1.00(d)

Table of Contents

1Introduction1
2Theoretical concepts of demand and supply7
3Measuring demand for domestic consumption21
4Measuring demands for storage, speculation, and exports42
5Measuring price spreads and derived demand for agricultural products and inputs53
6Measuring farm supply72
7Recursive and simultaneous supply-demand models99
8Building econometric/simulation models121
9Forecast evaluation142
10Stochastic modeling154
11Generating long-term projections and forecasts171
12Spatial commodity analysis and trade189
13Application of models to long-range planning and policy analysis208
14Seasonals219
15Commodity futures and options markets233
16Forward pricing with futures and options253
17Technical analysis282
18Time series models305
19Sources of agricultural data and market analysis330

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