Factors affecting demand and supply of agricultural products

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factors affecting demand and supply of agricultural products

Demand and Price Situation: Commodity Highlights, General Agricultural Situation, Factors Affecting Demand for Farm Products, Foreign Developments, Current Commodity Situation; June 1962 by U.S. Department of Agriculture

Excerpt from Demand and Price Situation: Commodity Highlights, General Agricultural Situation, Factors Affecting Demand for Farm Products, Foreign Developments, Current Commodity Situation; June 1962

Current cr0p estimates indicate 1962 wheat production will fall 14 per cent below last year. This would result in a wheat supply of about a tenth less than a year ago and likely will cause some reduction in carryover stocks.

The 000 has reduced sharply the weekly sales of feed grains under the 1961 Feed Grain Program-the total value of the certificate pool has been met. The value of feed grains sold against the certificates through June 8 totaled $773 million-leaving less than 55 million bushels to be sold.

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Factors that affect Agricultural Production

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U.S. Department of Agriculture

Demand & Supply

Estate Planning in North Dakota. Agricultural Law and Management. The following paragraphs reviews the determinants of demand and supply, price and market. The discussion then turns to the implications and opportunities due to trends in technology. In a market where price is not controlled, market price for a product or service is determined by the interaction of demand and supply ; that is, the consumers' willingness and ability to buy the product, and the sellers' willingness and ability to produce and sell the product. The next several sections review these two basic economic concepts.

Supply and demand are the two fundamental components of a market. Supply describes how producers and manufacturers, large or small, react or behave in the marketplace when producing and selling a product. An understanding of how factors affected supply situations in the past will help farm managers understand possible supply prospects in the future. The word "supply" is commonly used to mean two different things. One definition of "supply" is the total of new production and stocks. In other words, "supply" is the total quantity available. In this module, the term "total supply" will be used to indicate the total quantity available.

In economics, supply refers to the quantity of a product available in the market for sale at a specified price at a given point of time. Unlike demand, supply refers to the willingness of a seller to sell the specified amount of a product within a particular price and time. Supply is always defined in relation to price and time.
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Introduction

Factors influencing supply and demand; Short-term price fluctuations and their causes; Long-term price changes; Balance between supply and demand. How do price changes affect supply? How do price changes affect demand? How do demand changes affect price? What is the impact of income growth? The quantity of produce that consumers want to purchase is affected by many factors, the most important being:.

Evaluation of demand behaviour of economic agents enables us to comprehend how consumers are likely to respond to supply of agricultural commodities. The theory of consumer behaviour will help us understand the concept of demand. Demand involves two variables —price and quantity. For example the demand for maize is defined as the different amount of maize that you would be willing and able to buy within a reasonable range of prices. Key considerations in the evaluation of demand of agricultural commodities are elasticities of demand and factors affecting demand. There are various elasticities of demand with the commonly considered ones being price and income elasticities of demand.

Factors leading to rise of prices of agricultural products mainly include tension of supply-demand relationship, promotion of production cost and circulation cost, and speculation of Refugee Capital Hot Money. Factors leading to low price and difficult sales of agricultural products mainly include asymmetry of supply-demand information, lack of risk management tools for prices of agricultural products and decentralized and small-scaled operation of farmers. On the basis of these factors, this paper presents following countermeasures and suggestions for stabilizing prices of agricultural products: firstly, building long-effect mechanism for production and sales of agricultural products; secondly, expand the production and increase supply of agricultural products; thirdly, control the rising range of production cost for agricultural products; fourthly, enhance organization level of farmers; fifthly, promote innovation and development of risk management tools for prices of agricultural products. Information Usage statistics. Prices of agricultural products ; Long-effect mechanism of production and sales ; Information. Back to search.

4 thoughts on “Demand and Price Situation: Commodity Highlights, General Agricultural Situation, Factors Affecting Demand for Farm Products, Foreign Developments, Current Commodity Situation; June 1962 by U.S. Department of Agriculture

  1. Separate demand and supply equations for new farm real mine factors affecting net changes in farm real . that the value of the marginal product (VMP.

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