Volume 3, Issue 2, April 2018, Page: 40-46
Study on Farmers’ Selling Price, Average Annual Income and the Increase of Hubei Rape Planting Area: An Evidence from Huanggang, Jingzhou and Jingmen Cities
Chen Yunfei, Economics & Management College, Huazhong Agricultural University, Wuhan, China; Economics & Management College, Wuhan Polytechnic University, Wuhan, China
Feng Zhongchao, Economics & Management College, Huazhong Agricultural University, Wuhan, China
Received: May 26, 2018;       Accepted: Jun. 12, 2018;       Published: Jul. 5, 2018
DOI: 10.11648/j.eas.20180302.11      View  570      Downloads  38
Abstract
For purpose of the profit maximization, taking Huanggang, Jingzhou and Jingmen as the 3 representative cities (or states or districts) of the main rape planting areas in Hubei and using their time-arranged (1990-2014) data of rape planting areas, farmers’ selling price of rapeseed and the average annual income, this paper try to give an empirical analysis on the supply response of rape planting area to such 3 factors of the year one phase lagging with Nerlove model. The research makes it clear that, firstly, there is large impact of the original production scale or habits on future rape planting area in Hubei. Secondly, the feature of rape planting in Hubei lies in rigidity of self demand totally and there is little impact of famers’ selling price on rape planting area in Hubei in long-run. Thirdly, there is large impact of farmers’ average annual income on rape planting area in Hubei in long-run. At the same time, the impact on rape planting differs among the 3 cities (or states or districts) especially for Jingzhou City (or the 2nd representative city) of its “inferior goods” tendency in economics.
Keywords
Rapeseed, Planting Area, Farmers’ Selling Price, Farmers’ Average Annual Income, Nerlove Model
To cite this article
Chen Yunfei, Feng Zhongchao, Study on Farmers’ Selling Price, Average Annual Income and the Increase of Hubei Rape Planting Area: An Evidence from Huanggang, Jingzhou and Jingmen Cities, Engineering and Applied Sciences. Vol. 3, No. 2, 2018, pp. 40-46. doi: 10.11648/j.eas.20180302.11
Copyright
Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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