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Estimating how quality characteristics and marketing services affect alfalfa hay prices
Author(s) -
Pardew Jolie B.
Publication year - 1988
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(198803)4:2<167::aid-agr2720040206>3.0.co;2-r
Subject(s) - hay , quality (philosophy) , affect (linguistics) , marketing , business , regression analysis , unit (ring theory) , alfalfa hay , agribusiness , agricultural economics , agricultural science , economics , mathematics , agronomy , agriculture , statistics , geography , psychology , food science , biology , philosophy , rumen , mathematics education , communication , epistemology , archaeology , fermentation
Contributions to Nevada alfalfa hay prices of physical measures of quality, marketing services and terms of sale were estimated using regression analysis. Data was obtained from a 1980 survey of Nevada alfalfa producers. Factors associated with higher protein content and more digestible matter per unit of weight had statistically significant positive effects on prices. Alfalfa hay prices are also significantly affected by marketing services (i.e., processing, transportation, and membership in hay grower cooperatives) and variations in terms of sale. Overall, about 52% of the differences in prices received were explained by 15 explanatory variables.