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Supply Relationships in the South—What have we Learned?

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  • Shumway, C. Richard

Abstract

Accurate estimation of the responsiveness of agricultural commodity supplies is vitally important. Government policy negotiations rely on supply estimates in predicting both commodity and intercommodity effects of changing programs and in anticipating their consequent social benefits and costs. Individual farmers and agribusiness firms need them and associated price predictions in making investment and production decisions.

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  • Shumway, C. Richard, 1986. "Supply Relationships in the South—What have we Learned?," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(1), pages 11-20, July.
    • Handle: RePEc:cup:jagaec:v:18:y:1986:i:01:p:11-20_00
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    References listed on IDEAS

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    1. Angirasa, Aditi K. & Shumway, C. Richard & Nelsen, T. C. & Cartwright, T. C., 1981. "Integration, Risk, and Supply Response: A Simulation and Linear Programming Analysis of An East Texas Cow-Calf Producer," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 13(1), pages 89-98, July.
    2. Anonymous, 1985. "Forthcoming in December," American Political Science Review, Cambridge University Press, vol. 79(3), pages 830-830, September.
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    7. Shonkwiler, John Scott & Pagoulatos, Emilio, 1980. "A Model Of Weekly Price Discovery For Florida Celery," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(01), pages 1-6, July.
    8. Nix, James E. & Martin, Neil R., Jr. & Hubbard, John W., 1975. "An Enterprise Competition Analysis Of Beef Production In The South," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 7(2), pages 1-10, December.
    9. Askari, Hossein & Cummings, John Thomas, 1977. "Estimating Agricultural Supply Response with the Nerlove Model: A Survey," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 257-292, June.
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    13. Hammig, Michael D., 1979. "Regional Acreage Response By Quarter For Fresh Tomatoes: An Example Of The Use Of Mixed Estimation," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 11(2), pages 1-6, December.
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    15. Marc Nerlove & William Addison, 1958. "Statistical Estimation of Long-Run Elasticities of Supply and Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(4), pages 861-880.
    16. Shonkwiler, John Scott & Pagoulatos, Emilio, 1980. "A Model Of Weekly Price Discovery For Florida Celery: Reply," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(2), pages 1-2, December.
    17. Hammig, Michael D., 1979. "Regional Acreage Response by Quarter for Fresh Tomatoes: An Example of the Use of Mixed Estimation," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 11(2), pages 69-74, December.
    18. B. J. Morzuch & R. D. Weaver & P. G. Helmberger, 1980. "Wheat Acreage Supply Response under Changing Farm Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(1), pages 29-37.
    19. Nix, James E. & Martin, Neil R. & Hubbard, John W., 1975. "An Enterprise Competition Analysis of Beef Production in the South," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(2), pages 95-104, December.
    20. Shumway, C. Richard & Powell, Alan A., 1984. "A Critique Of The Constant Elasticity Of Transformation (Cet) Linear Supply System," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(2), pages 1-8, December.
    21. C. Richard Shumway, 1983. "Supply, Demand, and Technology in a Multiproduct Industry: Texas Field Crops," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 748-760.
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    Cited by:

    1. Shideed, Kamil H. & White, Fred C. & Brannen, Stephen J., 1987. "The Responsiveness Of U.S. Corn And Soybean Acreages To Conditional Price Expectations: An Application To The 1985 Farm Bill," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-9, December.
    2. Affuso, Ermanno & Hite, Diane, 2013. "A model for sustainable land use in biofuel production: An application to the state of Alabama," Energy Economics, Elsevier, vol. 37(C), pages 29-39.
    3. Levins, Richard A. & Lopez, Ramon E., 1988. "Agricultural Supply Response and Industry Structure," Working Papers 197603, University of Maryland, Department of Agricultural and Resource Economics.
    4. White, Fred C., 1987. "Distribution of Agricultural Research Impacts," Evaluating Agricultural Research and Productivity, Proceedings of a Workshop, Atlanta, Georgia, January 29-30, 1987, Miscellaneous Publication 52 50023, University of Minnesota, Agricultural Experiment Station.

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