Hostname: page-component-848d4c4894-m9kch Total loading time: 0 Render date: 2024-06-02T06:29:12.482Z Has data issue: false hasContentIssue false

Some Effects of Rice Quality on Rough Rice Prices

Published online by Cambridge University Press:  28 April 2015

B. Wade Brorsen
Affiliation:
Department of Agriculture Economics, Purdue University
Warren R. Grant
Affiliation:
Department of Agricultural Economics, Texas A&M University
M. Edward Rister
Affiliation:
Department of Agricultural Economics, Texas A&M University
Get access

Abstract

Quality discounts and premiums for rough rice in Texas rice bid/acceptance markets are analyzed. The most important quality factors determining the value of rough rice are head yield and peck. A one percentage point reduction in peck damage raises the price received per hundredweight of rough rice by $.13 to $.68 across markets and years. Since peck damage can be reduced by controlling the rice stinkbug, evaluation of alternative methods for better control of this pest in Texas rice fields is needed.

Type
Submitted Articles
Copyright
Copyright © Southern Agricultural Economics Association 1988

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Brorsen, B.W., Grant, W.R., and Rister, M.E.. “A Hedonic Price Model for Rough Rice Bid/Acceptance Markets.Amer. J. Agri. Econ., 66,2 (1984):156163.CrossRefGoogle Scholar
Deaton, A., and Muellbauer, J.. Economics and Consumer Behavior. New York: Cambridge University Press, 1980.CrossRefGoogle Scholar
Diarra, A., Smith, R.J. Jr, and Talbert, R.E.. “Interference of Red Rice with Rice.Weed Sci, 33, 5 (1985):644649.CrossRefGoogle Scholar
Ethridge, D.E., and Davis, B.. “Hedonic Price Estimation for Commodities: An Application to Cotton.West. J. Agri. Econ., 7 (1982):293300.Google Scholar
Freund, R.J., and Littell, R.C., AS for Linear Models: A Guide to the ANOVA and GLM Procedures. Cary, North Carolina: SAS Institute, Inc., 1981.Google Scholar
Fryar, E.O., Parsch, L.D., Holder, S.H., and Tugwell, N.P.. “Reducing Peck: Is It Worth It?” Paper presented at the 21st Rice Technical Working Group meeting, Houston, Texas, February 23-25, 1986.Google Scholar
Garrett, J. Danbury Rice Market. Personal communication, 1983.Google Scholar
Griliches, Z.Introduction: Hedonic Prices Revisited.Price Indexes and Quality Change. Ed. Griliches, Zvi. Cambridge, Mass.: Harvard University Press, 1971.CrossRefGoogle Scholar
Knowlton, B. American Rice, Inc. Personal communication, 01983.Google Scholar
Ladd, G.W., and Martin, M.B.. “Prices and Demands for Input Characteristics.Amer. J. Agri. Econ., 58 (1976):2130.CrossRefGoogle Scholar
Lucas, R.E.B.. “Hedonic Price Functions.Econ. Inquiry, 13 (1975):157178.CrossRefGoogle Scholar
Martinez, A., Traylor, H., and Fielder, L.L.. “Analysis of Quality and Non-Quality Factors on Prices of Medium and Long Grain Rough Rice in Louisiana.Louisiana State University D.A.E. Research Report No. 507, September 1976.Google Scholar
Mullins, T., Grant, W.R., and Krenz, R.D.. “Rice Production Practices and Costs in Major U.S. Rice Areas, 1979.” Arkansas Agricultural Experiment Station Bulletin No. 851, Mar. 1977.Google Scholar
Rosen, S.Hedonic Prices and Implicit Market Product Differentiation in Pure Competition.J. Pol. Economy, 82 (1974):3455.CrossRefGoogle Scholar
Smith, R.J Jr. “Weed Competition in Rice.Weed Sci., 16,2 (1968):252255.CrossRefGoogle Scholar
Spitzer, J.J.. “A Primer on Box-Cox Estimation.Rev. Econ. Stat, 64 (1982):307313.CrossRefGoogle Scholar
United States Department of Agriculture. Crop Production, 1983 Annual Summary. SRS, Washington D.C., Jan. 1984.Google Scholar
United States Department of Agriculture. Rice Market News. AMS, Little Rock, selected issues.Google Scholar
Wilson, W.W.. “Hedonic Price in the Malting Barley Market.West J. Agri. Econ.,9 (1984):2940.Google Scholar