000015194 001__ 15194
000015194 005__ 20180122195630.0
000015194 037__ $$a1379-2016-113293
000015194 037__ $$a1379-2016-114318
000015194 041__ $$aen
000015194 245__ $$aCOMMODITY POLICY, PRICE INCENTIVES, AND THE GROWTH IN PER-ACRE YIELDS
000015194 260__ $$c1993-07
000015194 269__ $$a1993-07
000015194 300__ $$a13
000015194 336__ $$aJournal Article
000015194 446__ $$aEnglish
000015194 520__ $$aWe estimate the influence of policy-induced price changes and of technology supply on North Carolina flue-cured tobacco yields.  The decline in land rent and effective output price that accompanied a 1965 policy change from acreage allotments to poundage quotas caused a 12 percent decrease in yields.  Farmer yields were more responsive to yield-increasing technologies under acreage allotments than under poundage quotas.  Annual yield growth was 0.5 percent under poundage quotas and 4.32 percent under acreage allotments.  The growth rate decline is attributable to changes in relative prices and to a slowdown in the supply of available technologies.
000015194 650__ $$aAgricultural and Food Policy
000015194 650__ $$aDemand and Price Analysis
000015194 650__ $$aResearch and Development/Tech Change/Emerging Technologies
000015194 6531_ $$aCommodity policy
000015194 6531_ $$aEndogenous yield growth
000015194 6531_ $$aFlue-cured tobacco
000015194 6531_ $$aTechnical change
000015194 700__ $$aFoster, William E.
000015194 700__ $$aBabcock, Bruce A.
000015194 773__ $$dJuly 1993$$jVolume 25$$kNumber 1$$o265$$q253$$tJournal of Agricultural and Applied Economics
000015194 8564_ $$s984193$$uhttp://ageconsearch.umn.edu/record/15194/files/25010253.pdf
000015194 887__ $$ahttp://purl.umn.edu/15194
000015194 909CO $$ooai:ageconsearch.umn.edu:15194$$pGLOBAL_SET
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  Previous issue date: 1993-07
000015194 982__ $$gJournal of Agricultural and Applied Economics>Volume 25, Number 01, July 1993
000015194 980__ $$a1379