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339595

The Farm Price and The Cultivation Area of Wheat in Egypt: Effectiveness and Supply Response Measurements

Article

Last updated: 28 Dec 2024

Subjects

-

Tags

Agricultural Economics. Extension and Rural Sociology

Abstract

This study empirically analyzes the supply response of
farm prices on wheat areas cultivated in Egypt during (1990-
2022), using the Nerlove model. The result is clear that the
wheat area in Egypt rise from 1.9 million feddan in 1990 to
3.4 million feddan in 2022, representing an increase in area
of about 80%. After estimating the model and chick for the
diagnostic problems, the results show that the speed of
adjustment is 0.335, meaning that every year only one-third
of the gap between the actual and desired area cultivated in
wheat. The short-run elasticity shows that with a 10% change
in wheat farm price on average, the wheat area changes by
1.54% in the same direction. The long-run elasticity shows
that with a 10% change in wheat farm price on average, the
area cultivated changes by 4.59% in the same direction. So,
the results of this study adapt economic relations, which can
enhance the recent studies on wheat growing in Egypt. Also,
policymakers and decision-makers can determine the plan
for wheat production.

DOI

10.21608/mjard.2024.339595

Keywords

Wheat, Supply response, Nerlove Model, Partial adjustment model (PAM), elasticity

Volume

44

Article Issue

1

Related Issue

45601

Issue Date

2024-03-01

Receive Date

2024-02-01

Publish Date

2024-01-01

Page Start

1

Page End

14

Print ISSN

1110-0257

Online ISSN

2812-6505

Link

https://mjard.journals.ekb.eg/article_339595.html

Detail API

https://mjard.journals.ekb.eg/service?article_code=339595

Order

339,595

Type

Original Articles

Type Code

2,161

Publication Type

Journal

Publication Title

Minia Journal of Agricultural Research and Development

Publication Link

https://mjard.journals.ekb.eg/

MainTitle

The Farm Price and The Cultivation Area of Wheat in Egypt: Effectiveness and Supply Response Measurements

Details

Type

Article

Created At

28 Dec 2024