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American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) >
2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/9717
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| Title: | Prediction of Loan Deficiency Payments |
| Authors: | Cooper, Joseph
Plato, Gerald |
| Keywords: | Domestic support
loan deficiency payments
marketing loan benefits
corn
yield |
| Issue Date: | 2007 |
| Series/Report no.: | Selected Paper 174284 |
| Abstract: | This paper develops a stochastic model for estimating potential loan deficiency payments to U.S. corn producers in a discrete-dynamic context. We minimize the potential for misspecification bias by using nonparametric and semi-nonparametric approaches as specification checks in the model. The model permits the forecast at planting time of the resulting empirical distribution of LDP payments for that crop year. Using this model, the paper examines the sensitivity of this distribution to changes in expected price levels. |
| URI: | http://purl.umn.edu/9717 |
| Institution/Association: | American Agricultural Economics Association>2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon |
| Total Pages: | 27 |
| Language: | English |
| Collections: | 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon
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| sp07co04.pdf | 303Kb | PDF | View/Open |
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