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An Analysis of Latin American Peanut Trade

Published online by Cambridge University Press:  28 April 2015

Dae-Seob Lee ,
P. Lynn Kennedy  and
Stanley M. Fletcher
Dae-Seob Lee
Affiliation:
Department of Agricultural Economics and Agribusiness at Louisiana State University, Baton Rouge, LA
P. Lynn Kennedy
Affiliation:
Department of Agricultural Economics and Agribusiness at Louisiana State University, Baton Rouge, LA
Stanley M. Fletcher
Affiliation:
National Center for Peanut Competitiveness in the Department of Agricultural and Applied Economics in the University of Georgia, Athens, GA
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Abstract

The U.S. export share in the world peanut market has decreased due to heavy competition. In this paper, the Latin American peanut industry is modeled using seemingly unrelated regression (SUR). Based on these estimations, a scenario analysis was conducted. The results show that the Latin American demand is not affected dramatically by either domestic or world price shocks. The effects of price changes on net trade are noticeable. However, the world price does not significantly affect the Latin American peanut supply. The results imply that Latin American peanut farmers are more sensitive to changes in domestic prices than world price changes.

Keywords

agricultural tradeLatin Americapeanutsscenario analysisSURQ11Q17

Information

Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 38 , Issue 1 , April 2006 , pp. 1 - 16
Copyright
Copyright © Southern Agricultural Economics Association 2006

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