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- W1576450168 abstract "This article develops a model to forecast monthly alfalfa hay prices before the first harvest. This is done by linking an annual model, which forecasts the initial May price, with a system of monthly equations that track the monthly seasonal price pattern, given the forecasted May price. In much of the western United States, alfalfa hay is a cash crop. Before the first cutting each year, growers and users of alfalfa hay spend considerable time and effort gathering information to help establish their initial price offers. Buyers contact other buyers and sellers, and sellers do the same as they try to arrive at mutually agreeable prices. Currently, neither annual nor monthly forecasts of New Mexico alfalfa hay prices are published before the first cutting. Such forecasts would help producers and users of alfalfa hay plan their operations for the coming year. These forecasts would also be an independent information source that users and growers could use in the process of price discovery. The forecasts can also be the basis to initiate more formal price negotiations. This article develops a model for forecasting monthly alfalfa hay prices for the season, before the first harvest." @default.
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- W1576450168 date "2016-01-01" @default.
- W1576450168 modified "2023-09-24" @default.
- W1576450168 title "A Linked Annual and Monthly Model for Forecasting Alfalfa Hay Prices" @default.
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