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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
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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

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