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Retail and Wholesale Demand and Marketing Order Policy for Fresh Navel Oranges
Author(s) -
Nelson Glenn,
Robinson Tom H.
Publication year - 1978
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1239947
Subject(s) - navel orange , navel , order (exchange) , business , wholesale market , orange (colour) , economics , commerce , agricultural economics , finance , horticulture , engineering , chemistry , food science , medicine , electricity , biology , electrical engineering , anatomy
The federal marketing order for fresh navel oranges appears to have been administered in early 1974 in a manner which restricted supplies to consumers, raised retail prices, and lowered total receipts of growers and packers. An examination of historical data and econometrically estimated parameters in wholesale and retail demand equations supports these conclusions. These concerns were central to a heated debate between the Cost of Living Council and the Navel Orange Administrative Committee.