Probit analysis of market participants' attitudes toward selected market alternatives for us farmers' stock peanuts

Abstract

Attitudes of producers and buyers of farmers' stock peanuts toward different market alternatives were analyzed assuming the absence of the government support program. A multivariate probit model was used to ascertain profiles of producers favoring the private treaty market and the proposed organized markets. Results indicate that computerization of the private treaty market might serve as a basis for implementation of an organized market for farmers' stock peanuts.