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          Volume 26, Number 02, December 1994 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/15163

Title: ACREAGE RESPONSE UNDER FARM PROGRAMS FOR MAJOR SOUTHEASTERN FIELD CROPS
Authors: Duffy, Patricia A.
Shalishali, Kasazi
Kinnucan, Henry W.
Keywords: Government programs
Acreage response
Expected utility
Time-varying parameters
Issue Date: 1994-12
Abstract: An expected utility model that includes output price and yield uncertainty was used to estimate cotton, corn, and soybean acreage response equations for the Southeast. The model appeared to fit the soybean and corn data well, resulting in own-price elasticity estimates of 0.317 for corn and 0.727 for soybeans. When applied to cotton acreage, however, the model did not yield satisfactory results. When elasticity was allowed to change over time, however, statistical results for the cotton equation improved, yielding an own-price elasticity of 0.915 at data means.
URI: http://purl.umn.edu/15163
Institution/Association: Journal of Agricultural and Applied Economics>Volume 26, Number 02, December 1994
Total Pages: 12
Language: English
From Page: 367
To Page: 378
Collections:Volume 26, Number 02, December 1994

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