Crop Supply Response under Risk: Impacts of Emerging Issues on Southeastern U.S. Agriculture

In this paper we consider factors that affect both crop prices and yields in order to examine supply responses of major crops in the Southeast. Due to the variable nature of crop production in the Southeast, previous studies that ignore price and yield risk may fail to capture one of the salient features of the region’s agriculture. Our results indicate supply elasticity values for corn, cotton, and soybeans of approximately 0.670, 0.506, and 0.195, respectively. Compared with the results of studies in other regions, corn and cotton acres respond more to price changes and soybean acres respond less to price changes.

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Publication Type:
Journal Article
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Published in:
Journal of Agricultural and Applied Economics, Volume 43, Number 2
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JEL Codes:
Q12; Q13; Q16

 Record created 2017-04-01, last modified 2018-01-22

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