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193807

Economic Analysis of the Supply Response Function of the Soybean Crop in Egypt

Article

Last updated: 01 Jan 2025

Subjects

-

Tags

Agricultural economics

Abstract

The research aimed to identify the current economic situation of the soybean crop in Egypt during the period 2005-2017 by identifying the trends and development of its production and the cost structure according to production requirements and estimating the supply response function in order to identify the most important variables affecting the decrease in the cultivated area of ​​it. Which helps the agricultural policy planners to take special decisions towards motivating farmers to plant it again to maximize the role of the crop in bridging the nutritional gap of vegetable oils.
To achieve its objectives, the research used some statistical indicators, which are the arithmetic and geometric mean and percentages to highlight the relative importance of the variables under study, in addition to the annual growth rate to highlight the trends of the variables under study, and regression analysis with delay periods to estimate the supply response function in the Nerlov method.
Among the most important findings of the research during the study period 2005-2017 are the following:
The annual growth rate of the cultivated area, production and net yield of soybean crop in Egypt during the study period was about 4.6%, 3.6%, 7.2%, respectively. The annual growth rate of the local production of soybean oil, available for consumption in Egypt during the study period, was about 1.1% and 4.6%, respectively.
The estimation of the supply response function for the soybean crop in Egypt during the study period showed that the feddan productivity in the previous year had a positive effect, as its increase by about 1% leads to an increase in the cultivated area in the current year by 0.192%, while the negative results showed the effect of total costs For the previous year, an increase of about 1% leads to a decrease in the cultivated area in the current year by 0.465%.
Therefore, the research recommends expanding the area planted with soybean crop as a strategic multi-use crop, and the state depends on it to a large extent in covering the oily food gap and developing livestock, poultry and fish as fodder, as well as using it in the production of oils. It is also necessary to work on increasing the feddan productivity, especially in light of the state's strategy in agricultural development. sustainable.

DOI

10.21608/asejaiqjsae.2021.193807

Keywords

Supply Response Function, soybean yield, economic analysis

Authors

First Name

Aon Khairallah

Last Name

Aon Hamad

MiddleName

-

Affiliation

Department of Economics and Agricultural Business Administration, Faculty of Agriculture, Alexandria University.

Email

-

City

-

Orcid

-

First Name

sameh

Last Name

Shehab

MiddleName

Mohamed

Affiliation

Department of Economics and Agricultural Business Administration, Faculty of Agriculture, Alexandria University.

Email

sameh.shehab@alexu.edu.eg

City

-

Orcid

-

First Name

ossama

Last Name

afefy

MiddleName

mohamed

Affiliation

Department of Economics and Agricultural Business Administration, Faculty of Agriculture, Alexandria University.

Email

ossama.afefy@yahoo.com

City

alx

Orcid

-

Volume

42

Article Issue

3

Related Issue

26297

Issue Date

2021-09-01

Receive Date

2021-08-11

Publish Date

2021-09-30

Page Start

1,715

Page End

1,726

Print ISSN

1110-0176

Online ISSN

2536-9784

Link

https://asejaiqjsae.journals.ekb.eg/article_193807.html

Detail API

https://asejaiqjsae.journals.ekb.eg/service?article_code=193807

Order

28

Type

Original Article

Type Code

53

Publication Type

Journal

Publication Title

Alexandria Science Exchange Journal

Publication Link

https://asejaiqjsae.journals.ekb.eg/

MainTitle

Economic Analysis of the Supply Response Function of the Soybean Crop in Egypt

Details

Type

Article

Created At

22 Jan 2023