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Acreage Responses To Expected Revenues And Price Risk For Minor Oilseeds And Program Crops In The Northern Plains

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  • Krause, Mark A.
  • Koo, Won W.

Abstract

Wheat, barely, flaxseed, and oilseed sunflower acreage respond to different economic variables. Wheat and barely acreage must be divided among program-complying, program-planted, and nonprogram-planted acreage because these categories respond to different variables and respond to own expected-revenue and price-risk variables in opposite ways. Flaxseed, sunflower, and nonprogram-planted acreage of wheat and barley have highly significant, positive responses to their own expected revenue and negative responses to their own-price risk. Flaxseed and sunflower acreage have been more responsive to their lagged values than to expected revenues for wheat.

Suggested Citation

  • Krause, Mark A. & Koo, Won W., 1996. "Acreage Responses To Expected Revenues And Price Risk For Minor Oilseeds And Program Crops In The Northern Plains," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(2), pages 1-16, December.
    • Handle: RePEc:ags:jlaare:31028
    DOI: 10.22004/ag.econ.31028
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    References listed on IDEAS

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    Cited by:

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    3. Clark Lundberg & Ryan Abman, 2022. "Maize price volatility and deforestation," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(2), pages 693-716, March.
    4. Holt, Matthew T., 1999. "A Linear Approximate Acreage Allocation Model," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(2), pages 1-15, December.

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