@article{Edirisinghe:205953,
      recid = {205953},
      author = {Edirisinghe, J. and Perera, D.},
      title = {Role of Price on Replanting Decisions of Rubber: An  Application of Almon Lag Model},
      journal = {Sri Lankan Journal of Agricultural Economics},
      address = {2005},
      number = {1381-2016-115750},
      pages = {12},
      year = {2005},
      abstract = {Rubber is one of the major plantation crops cultivated in  Sri Lanka. It gives an environmental service apart from its  economic potential. To have a continuous supply of rubber,  it is vital that the balance between mature and immature  rubber stands be maintained in the long run.  In order to  do this, at least 3% of the total area under rubber needs  to be re-planted annually. However, in the recent past,  replanting as well as new planting has declined. One of the  major variables that affect the replanting decision by  farmers is the price of rubber. Hence, this study evaluated  the role played by the lagged price of rubber in replanting  decision making. Almon lag model was employed to data  related to rubber prices from 1980 to 2004. A second degree  polynomial was found to be best in describing the data, as  expected. The maximum time lag was found to be eight years  but a lag of four years had the highest impact on the  replanting decision. The paper discusses the policy  implications of the delayed response of replanting to  prices.},
      url = {http://ageconsearch.umn.edu/record/205953},
      doi = {https://doi.org/10.22004/ag.econ.205953},
}