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The Effectiveness Of Government Policy In Controlling Agricultural Output

Author

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  • Love, H. Alan
  • Rausser, Gordon C.
  • Freebairn, John

Abstract

A new model is presented to assess the effects of changes in agricultural target prices, support prices, diversion payments, and eligibility requirements on farmer's production decisions. The central features of this paper are (1) complete incorporation of the past and current program offerings into the farmer's objective function, (2) the entire period of estimation is over a time in which program compliance was voluntary, (3) consideration is given to the effects of government programs on both acreage and yield responses, and (4) Zellner's seemingly unrelated regression method of estimation was used to estimate the entire system of equations. The estimated elasticities indicate that, while sectoral government programs can be used to reduce acreage they are relatively ineffective in reducing total output.

Suggested Citation

  • Love, H. Alan & Rausser, Gordon C. & Freebairn, John, 1984. "The Effectiveness Of Government Policy In Controlling Agricultural Output," 1984 Annual Meeting, August 5-8, Ithaca, New York 279032, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea84:279032
    DOI: 10.22004/ag.econ.279032
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    File URL: https://ageconsearch.umn.edu/record/279032/files/aaea-1984-088.pdf
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    Cited by:

    1. Rausser, Gordon C., 1985. "Macroeconomics and U.S. agricultural policy," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9411m70q, Department of Agricultural & Resource Economics, UC Berkeley.
    2. Alan Love, H. & Rausser, Gordon C., 1997. "Flexible public policy: The case of the United States wheat sector," Journal of Policy Modeling, Elsevier, vol. 19(2), pages 207-236, April.
    3. Love, H. Alan & Rausser, Gordon C., 1988. "Oregon State University: the case of the United States wheat sector," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7bk6g61f, Department of Agricultural & Resource Economics, UC Berkeley.

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