Health and economic crises and the Mexican agricultural sector

Resumen

Objective: to determine if the economic crises of 1994 and 2008 and the health crises of 2009 and 2020 affected the relationship between the main price and the production of agricultural products in the states that have the highest production in the regions of the agricultural sector of Mexico.

Design/methodology/approach: sixty structural stability tests were carried out with dummy variables, to analyze the effect of these crises on the price-quantity relationship of the main producer States of the five regions of the agricultural, sector of the main products produced in Mexico that they are grain corn, grain sorghum and beans.

Results: the economic crises of 1994 and 2008, as well as the health crises of 2009 and 2020, in general (with some exceptions), did not impact the relationship between price and production in the main producing States of the five regions of the sector agriculture of Mexico of the main products produced in Mexico.

Limitations on study/implications: not all products and all states of Mexico are examined.

Findings/conclusions: economic and health crises, in general, do not disappear from the relationship between the price and production of the States and producers analyzed, that the price-production relationship of these is resilient in the face of economic and health crises, that is, producers do not significantly alter their production, given the price variations caused by the economic and health crises.