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| Elitzak, Howard. |
| Food prices, as measured by the Consumer Price Index (CPI), increased 2.6 percent in 1997. This increase was greater than the overall increase in the CPI (which rose 2.3 percent) for the third consecutive year. Higher charges for processing and distributing food, as measured by the farm-to-retail price spread, were primarily responsible for the 1997 increase. The prices farmers received for commodities, as measured by the farm value of USDA's market basket of foods, dropped 4.4 percent. The farm value share of the food dollar spent in grocery stores in 1997 was 23 percent, a decrease of 2 percent from 1996. The farm-to-retail price spread of USDA's market basket of foods rose 4.7 percent, partly reflecting higher prices of inputs, such as labor. |
| Tipo: Report |
Palavras-chave: Retail food prices; Farm-to-retail price spread; Farm value share; Food marketing costs; Food spending; Profits; Productivity; Demand and Price Analysis; Marketing. |
| Ano: 1999 |
URL: http://purl.umn.edu/34053 |
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| Reed, Albert J.; Hanson, Kenneth; Elitzak, Howard; Schluter, Gerald E.. |
| USDA's Economic Research Service (ERS) uses different economic models to estimate the impact of higher input prices on consumer food prices. The present study compares three ERS models. In the first two models, neither consumers nor food producers respond to market prices. We refer to these two models as short-run models. In the third model, both consumers and food producers respond to changing prices, and we refer to this model as a long-run model. Given published parameter estimates, we simulate the impact of a higher energy price on consumer food prices, and our empirical findings are consistent with our understanding of market responses. In the short run, we find that the full effect of an increase in the price of energy is fully (or nearly fully)... |
| Tipo: Report |
Palavras-chave: Price-spread model; Input-output model; Variable-proportions model; Food prices; Energy prices; Input prices; Demand and Price Analysis. |
| Ano: 1997 |
URL: http://purl.umn.edu/33574 |
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