RATIONAL EXPECTATIONS ESTIMATION OF GEORGIA SOYBEAN ACREAGE RESPONSE

The general method of moments procedure is used for estimating a soybean acreage response function assuming the producers hold rational expectations. Results indicate that soybean, corn, and wheat futures prices, lagged acreage, and government programs are significant factors for determining soybean plantings. Implications of the results are that crop acreage selection by Georgia producers is not very responsive to demand shocks. Thus, producers in other regions are more likely to absorb impacts from these shocks on crop acreage selection.


Other Titles:
Rational expectations
Issue Date:
1995-12
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/15270
PURL Identifier:
http://purl.umn.edu/15270
Published in:
Journal of Agricultural and Applied Economics, 27, 2
Page range:
500-509
Total Pages:
10




 Record created 2017-04-01, last modified 2020-10-28

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