Supply response of sugarcane farmers in Thailand
Sugar is one of the major exports of Thailand and sugarcane is the most important raw material used in producing sugar. Time series data for 8 years from 1957/68 to 1974/75 were analysed to estimate a supply response function for sugarcane farmers in 4 regions of Thailand, viz. Central, Eastern, Northern and North-eastern regions. A priori, farmers' decisions on the sugarcane planted area were expected to be influenced by relative expected profitability per rai of sugarcane, the level of...[Show more]
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