The response of Philippine rice farmers to price
Date
1965-01
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Abstract
This thesis aims (a) at estimating the response of the
output and marketable surplus of rice to price incentives, for
the Philippines as a whole and for each of the several regions,
and (b) at determining existing relationships among rice prices
at different market levels. The latter aim is handled by
straightforward methods for analyzing secular trend and
seasonal variation.
A competitive model for the rice economy of a region is
constructed, of which the output response function is a part.
An important consideration is that a significant portion of rice
output is channeled towards home consumption. Among the
estimation models considered, the simple linear and the
distributed lag adjustment models are used to estimate output
response, and Krishna's indirect method is used to estimate
marketable surplus response. Price response is estimated to
be positive, at levels comparable with those computed for
other Asian underdeveloped countries.
The response estimates and the estimated relationships
among rice prices at different market levels provide needed
empirical bases for policy decisions, particularly those
regarding government support for rice farm prices.
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Keywords
Rice farmers, Rice farmers, Rice prices, Rice economy, Farm prices