Premium
SUPPLY RESPONSE OF UPLAND RICE IN OGUN STATE OF NIGERIA: A PRODUCER PANEL APPROACH
Author(s) -
Ngambeki D. S.,
Idachaba F. S.
Publication year - 1985
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1985.tb00169.x
Subject(s) - ogun state , panel data , economics , agricultural economics , supply and demand , scale (ratio) , econometrics , microeconomics , geography , cartography , archaeology , local government
Several reasons have been proposed to explain the unexpectedly low supply elasticities often found for food crops. This study is unusual in using a farmers' panel approach. This enables a distinction to be made between four different measures of response: realised output, planted hectarage, planned hectarage and ‘hypothetical’ hectarage. The results indicate that the own‐price elasticities of supply are significantly positive. Planned, planted and realised responses are quite close, but are less than the hypothetical responses. The hypothetical elasticities are smaller for price falls than for price increases and they become lower as the harvesting period passes, suggesting contraction of supply of a crop when its price falls and asymmetric response among small‐scale farmers.