Producer Returns from Cotton Strength and Uniformity: An Hedonic Price Approach

Abstract

Implicit (hedonic) producer prices for fiber strength uniformity were estimated for the southwest U.S. cotton market using seemingly unrelated regression and market sales data from 1983/84 and 1984/85. Fiber strength and length uniformity had significant effects on the price of cotton, but price was less responsive to both attributes than anticipated. Producer prices were most responsive to fiber length and micronaire and least responsive to color and strength. The market at the producer level appears to be making effective price adjustments with respect to factors such as fiber color, trash content, micronaire, fiber length, and location, but strength and length uniformity premiums and discounts are smaller than those paid by end users.

A household hedonic model of rice traits: economic values from farmers in West Africa

“…In order to do so, a modification of the utility maximising hedonic pricing model, as formally proposed by Court (1941), advanced by Griliches (1966), Lancaster (1966) and as adapted by Ladd and Savannunt (1976), is presented in the context of the West African agricultural household. Hedonic consumer good characteristic models have been applied to agricultural commodities such as cotton (Ethridge and Neeper, 1987;Bowman and Ethridge, 1984), pork (Melton et al, 1996), and rice (Brorsen et al, 1987;Unnevehr, 1986). Lambert and Wilson (2003) identified the inefficient signalling of desirable end-user characteristics from producers to processors as a source of economic loss in the US wheat market.…”

Valuing quality attributes of Australian merino wool

“…Hedonic analysis has been applied in studies of product heterogeneity in many agricultural commodities, including wheat (Hill 1988;Espinosa and Goodwin 1991;Ahmadi-Esfahani and Stanmore 1994), soybeans and milk (Perrin 1980), milk (Lenz et al 1994;Gillmeister et al 1996) and cotton (Ethridge and Davis 1982;Ethridge and Neeper 1987;Bowman and Ethridge 1992).…”

Diffusion of Wheat Varieties in Three Agro‐climatic Zones of Western Canada

“…Neoclassical input characteristic models commonly have been used to examine demands for input characteristics of commodities such as cotton (Ethridge and Neeper 1987;Bowman and Ethridge 1992), tomatoes (Jordan et al 1985), rice (Brorsen et al 1990), purebred dairy bulls (Schroeder et al 1992), hogs (Walburger and Foster 1994), and wheat (Barkley and Porter 1996).…”