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Probit analysis of market participants' attitudes toward selected market alternatives for us farmers' stock peanuts
Author(s) -
Kwakyi P. K.,
Epperson J. E.,
Fletcher S. M.,
Carley D. H.
Publication year - 1989
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(198903)5:2<107::aid-agr2720050204>3.0.co;2-9
Subject(s) - probit model , ordered probit , stock market , stock (firearms) , multivariate probit model , government (linguistics) , treaty , probit , economics , business , financial economics , marketing , econometrics , geography , linguistics , context (archaeology) , philosophy , archaeology , political science , law
Attitudes of producers and buyers of farmers' stock peanuts toward different market alternatives were analyzed assuming the absence of the government support program. A multivariate probit model was used to ascertain profiles of producers favoring the private treaty market and the proposed organized markets. Results indicate that computerization of the private treaty market might serve as a basis for implementation of an organized market for farmers' stock peanuts.