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Factors Affecting the Price of Hay at a Pennsylvania Auction

Published online by Cambridge University Press:  10 May 2017

Bill Grisley ,
Spiro E. Stefanou  and
Ted Dickerson
Bill Grisley
Affiliation:
The Pennsylvania State University
Spiro E. Stefanou
Affiliation:
The Pennsylvania State University
Ted Dickerson
Affiliation:
The Pennsylvania State University
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Abstract

The effect that selected characteristics of a Pennsylvania hay auction has on winning bids of loads of hay are presented in this paper. Survey data from 107 buyers over the period September 1982 to April 1983 were used. Hay type, perceived quality, and the intended use of the hay were found to be significant factors in explaining prices paid per ton. Sellers could increase their revenues by producing alfalfa hay, alfalfa and legume-grass hay of higher quality, and attending marketing days with a larger number of horse feed buyers.

Type
Research Article
Information
Northeastern Journal of Agricultural and Resource Economics , Volume 14 , Issue 1 , April 1985 , pp. 48 - 56
Copyright
Copyright © 1985 Northeastern Agricultural and Resource Economics Association 

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Footnotes

This research was funded by the Pennsylvania Forage and Grassland Council.

The authors wish to acknowledge the helpful comments of two anonymous reviewers and the editor. All remaining errors are the responsibility of the authors.

References

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