Kliebenstein, J.B. and McCamley, F.P. (1983) Energy-related input demand by crop producers. Southern Journal of Agricultural Economics, 15 (2). pp. 63-69.
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Abstract
This study uses expected income variance (E-V) analysis to examine the effect of alternative energy and crop prices on the energy consumed (directly and indirectly) by risk-averse Missouri crop producers. Expressing fuels, chemicals, and fertilizers in terms of their BTU equivalents allows aggregating these energy-related inputs. Energy demand functions are estimated from the solutions associated with many price and risk-aversion coefficient combinations. Quadratic approximations of the energy demand functions are presented. For input and output price levels close to those prevailing in Missouri in the recent past, energy demand by crop producers is moderately responsive to changes in energy price levels. Energy consumption elasticities with respect to crop prices are generally larger than those with respect to energy price. Increases in maize and sorghum prices increase energy demand, but increases in soyabeans and wheat prices decrease it. As degree of risk aversion decreases, energy demand increases
| Item Type: | Article |
|---|---|
| Author Affiliation: | Iowa State University, Deptartment of Economics, 260 Heady Hall, Ames, IA 50011-1070 |
| Subjects: | Plant Production |
| Divisions: | Sorghum |
| Depositing User: | Ms K Syamalamba |
| Date Deposited: | 05 Mar 2012 10:25 |
| Last Modified: | 05 Mar 2012 10:25 |
| URI: | http://eprints.icrisat.ac.in/id/eprint/3525 |
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