Economic relationships of U.S. sorghum demand and price | Economic relationships of US sorghum demand and price | Economic relationships of United States sorghum demand and price
1984
Grant, Warren R. | Hoskin, Roger L.
Extract: An econometric model, measuring the impact of market forces and Government policies on demand and prices for U.S. sorghum during 1959/81, is estimated. The model shows that domestic feed demand is less responsive to a price change than is export demand. Corn's substitution for sorghum as a feed has further eroded the sorghum market. Today's sorghum industry faces surplus conditions similar to those of the sixties. Simulation with the model indicates earnings will be weak unless Government programs change or carryover stocks are drawn down.
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