MODELING THE U.S. GRAINS PROGRAMS: A MICROECONOMIC APPROACH

A framework is presented for analyzing the impact of U.S. grains programs. The model's advantages are its endogenous treatment of the participation decision, the recognition of producer heterogeneity, and consistency with microeconomic theory. The estimated model predicts that the 1986 freeze on program yields for wheat increased returns to land.


Issue Date:
Aug 05 1990
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270990
Language:
English
Total Pages:
31




 Record created 2018-04-09, last modified 2020-10-28

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