The Multiple Effects of Procurement Price on Production and Procurement of Wheat in Pakistan

An increase in the procurement price affects government procurement of wheat in at least four ways. Properly estimating the total effect requires taking account of both the direct effects of an increased share of marketed surplus being procured and the indirect effects through the impact on producti...

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Bibliographic Details
Published in:Pakistan development review 1989-07, Vol.28 (2), p.95-119
Main Author: Pinckney, Thomas C.
Format: Article
Language:English
Subjects:
Agricultural prices
Agricultural productivity
Coefficients
Crop economics
Crop production
Crops
Fertilizers
Influence
Market prices
Pakistan
Prices and rates
Procurement
Supply
Supply and demand
Wheat
Wholesale prices
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Summary:An increase in the procurement price affects government procurement of wheat in at least four ways. Properly estimating the total effect requires taking account of both the direct effects of an increased share of marketed surplus being procured and the indirect effects through the impact on production, marketed surplus, and the wholesale price. Estimates are that a real one-rupee increase per 40 kilograms — approximately 1.25 percent — will raise procurement by about 90 thousand tons.
ISSN:0030-9729
DOI:10.30541/v28i2pp.95-120