IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v18y1986i02p1-6_00.html
   My bibliography  Save this article

Farm Level Corn Acreage Response Estimation

Author

Listed:
  • Nutt, Perry J.
  • Reed, Michael R.
  • Skees, Jerry R.

Abstract

This study reports results of an acreage supply equation using individual farm data and develops implications for bias introduced by use of aggregate data. The analysis shows that use of aggregate acreage response models underestimates the absolute value of price elasticities and the lagged adjustment process. Further, aggregated analyses cannot incorporate some variables found to be important in explaining from level acreage response.

Suggested Citation

  • Nutt, Perry J. & Reed, Michael R. & Skees, Jerry R., 1986. "Farm Level Corn Acreage Response Estimation," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(2), pages 1-6, December.
    • Handle: RePEc:cup:jagaec:v:18:y:1986:i:02:p:1-6_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0081305200006051/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Michael R. Reed & Steven K. Riggins, 1981. "A Disaggregated Analysis of Corn Acreage Response in Kentucky," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(4), pages 708-711.
    2. George F. Patrick & Ludwig M. Eisgruber, 1968. "The Impact of Managerial Ability and Capital Structure on Growth of the Farm Firm," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 491-506.
    3. 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.
    4. J. P. Houck & M. E. Ryan, 1972. "Supply Analysis for Corn in the United States: The Impact of Changing Government Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 184-191.
    5. Skees, Jerry R., 1986. "Comparing Objective and Subjective Yield Estimates: An Empirical Study in Western Kentucky," Staff Papers 257667, University of Kentucky, Department of Agricultural Economics.
    6. Houck, James P. & Ryan, Mary E., 1972. "Supply Analysis For Corn In The United States: The Impact Of Changing Government Programs," Staff Papers 13554, University of Minnesota, Department of Applied Economics.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Langley, James A., 1983. "Regional acreage response functions for major US field crops: estimation and policy implications," ISU General Staff Papers 198301010800008678, Iowa State University, Department of Economics.
    2. Chembezi, Duncan M. & Womack, Abner W., 1992. "Regional Acreage Response For U.S. Corn And Wheat: The Effects Of Government Programs," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(1), pages 1-12, July.
    3. Just, Richard E., 1992. "Discovering Microeconomic Relationships in Agriculture," 1992 Conference (36th), February 10-13, 1992, Canberra, Australia 146530, Australian Agricultural and Resource Economics Society.
    4. Hansen, James Mark, 2000. "Agricultural and trade policy reform in Mexico: PROCAMPO, NAFTA, and pre-GATT," ISU General Staff Papers 2000010108000014902, Iowa State University, Department of Economics.
    5. Just, Richard E., 1993. "Discovering Production and Supply Relationships: Present Status and Future Opportunities," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 61(01), pages 1-30, April.
    6. Vroomen, Harry L. & McClelland, John W., 1987. "Misspecification Of Time Series Models In U.S. Agricultural Response Analysis," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270117, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. 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.
    8. Koo, Won W. & Lehman, James R., 1984. "Effects of Government Programs on Corn, Soybeans, and Wheat Production in the U.S," Agricultural Economics Reports 23141, North Dakota State University, Department of Agribusiness and Applied Economics.
    9. Chavas, Jean-Paul & Pope, Rulon D. & Kao, Robert S., 1983. "An Analysis Of The Role Of Futures Prices, Cash Prices And Government Programs In Acreage Response," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(1), pages 1-7, July.
    10. Wang, George C. & Hassler, James B., 1985. "Econometric Investigation Of The Dynamic Effects Of The 1983 Payment-In-Kind Program On The Wheat Economy," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(1), pages 1-9, July.
    11. Schoney, R. A., 1990. "An Analysis of Wheat Supply Response Under Risk and Uncertainty," Working Papers 244030, Agriculture and Agri-Food Canada.
    12. A. Farhad Chowdhury, 2002. "The impact of the acreage allotment program on rice farming," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 8(1), pages 49-57, February.
    13. Aradhyula, Satheesh Venkata, 1989. "Policy structure, output supply and input demand for US crops," ISU General Staff Papers 198901010800009909, Iowa State University, Department of Economics.
    14. Grant, Warren R. & Beach, John & Lin, William, 1984. "Factors Affecting Supply, Demand, And Prices Of U.S. Rice," Staff Reports 277629, United States Department of Agriculture, Economic Research Service.
    15. Bailey, Kenneth W. & Womack, Abner W., 1985. "Wheat Acreage Response: A Regional Econometric Investigation," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-10, December.
    16. Haile, M.G. & Kalkuhl, M., 2014. "Volatility in the international food markets: implications for global agricultural supply and for market and price policy," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 49, March.
    17. Kanlaya J. Barr & Bruce A. Babcock & Miguel A. Carriquiry & Andre M. Nassar & Leila Harfuch, 2011. "Agricultural Land Elasticities in the United States and Brazil," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 33(3), pages 449-462.
    18. Umanath Malaiarasan & R. Paramasivam & K. Thomas Felix & S. J. Balaji, 2020. "Simultaneous equation model for Indian sugar sector," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(1), pages 113-141, June.
    19. Evans, R. Samuel & Kenyon, David E., 1974. "Regional Soybean Acreage Response Analysis and Projections for 1974," Miscellaneous Publications 327162, United States Department of Agriculture, Economic Research Service.
    20. Soule, Meredith J. & Nimon, R. Wesley & Mullarkey, Daniel J., 2001. "Risk Management And The Environment: Impacts At The Intensive And Extensive Margins," 2001 Annual meeting, August 5-8, Chicago, IL 20670, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:18:y:1986:i:02:p:1-6_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.