
This study models Florida citrus production as a function of the age profile of a given tree stock. The age relationship is estimated using a modified hyperbolic tangent function and the parameters is solved by Spatial Process Models and Maximum Likelihood approach. The estimation is based on the production data of four citrus varieties in 25 regions of Florida from 1992 to 2005. The results show smooth 'S'-shaped yield curves of Florida citrus. This analysis offers yield function of citrus as the first step for statistical modeling of the risks associated with citrus cancers aimed at pricing insurance rates.
Demand and Price Analysis, yield function, hyperbolic tangent, spatial autoregressive, citrus, insurance
Demand and Price Analysis, yield function, hyperbolic tangent, spatial autoregressive, citrus, insurance
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