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Acreage Response Under Farm Programs for Major Southeastern Field Crops

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  • Duffy, Patricia A.
  • Shalishali, Kasazi
  • Kinnucan, Henry W.

Abstract

An expected utility model that includes output price and yield uncertainty was used to estimate cotton, com, and soybean acreage response equations for the Southeast. The model appeared to fit the soybean and corn data well, resulting in own-price elasticity estimates of 0.317 for com and 0.727 for soybeans. When applied to cotton acreage, however, the model did not yield satisfactory results. When elasticity was allowed to change over time, however, statistical results for the cotton equation improved, yielding an own-price elasticity of 0.915 at data means.

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  • Duffy, Patricia A. & Shalishali, Kasazi & Kinnucan, Henry W., 1994. "Acreage Response Under Farm Programs for Major Southeastern Field Crops," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 26(2), pages 367-378, December.
    • Handle: RePEc:cup:jagaec:v:26:y:1994:i:02:p:367-378_02
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    1. Mims, Anne M. & Duffy, Patricia A. & Young, George J., 1989. "Effects Of Alternative Acreage Restriction Provisions On Alabama Cotton Farms," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(2), pages 1-10, December.
    2. Gallagher, Paul & Green, Robert C., 1984. "A Cropland Use Model: Theory And Suggestions For Estimating Planted Acreage Response," Staff Reports 277586, United States Department of Agriculture, Economic Research Service.
    3. Mims, Anne M. & Duffy, Patricia A. & Young, George, 1989. "Effects of Alternative Acreage Restriction Provisions on Alabama Cotton Farms," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(2), pages 85-94, December.
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    5. Gallagher, Paul W. & Green, Robert C., 1984. "A Cropland Use Model," Staff General Research Papers Archive 10764, Iowa State University, Department of Economics.
    6. 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.
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    1. Irwin, Douglas A., 2003. "The optimal tax on antebellum US cotton exports," Journal of International Economics, Elsevier, vol. 60(2), pages 275-291, August.
    2. Beach, Robert H. & Murray, Brian C. & Piggott, Nicholas E. & Wohlgenant, Michael K., 2002. "Interaction Effects Of Promotion, Research, And Price Support Programs For U.S. Cotton," 2002 Annual meeting, July 28-31, Long Beach, CA 19803, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Houston, Jack E. & McIntosh, Christopher S. & Stavriotis, Paul A. & Turner, Steve C., 1999. "Leading Indicators of Regional Cotton Acreage Response: Structural and Time Series Modeling Results," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 31(3), pages 507-517, December.
    4. Smith, Rachel K. & Duffy, Patricia A. & Novak, James L. & Wilson, Norbert L.W., 2009. "Supply Response of Crops in the Southeast," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46756, Southern Agricultural Economics Association.
    5. Catherine Benjamin & Magalie Houée Bigot, 2006. "The impact on yields of arable crops of moving from price support to area payements: A Study of the 1992 CAP Reform: n° 423," Post-Print hal-01931561, HAL.
    6. David Chilosi & Giovanni Federico, 2021. "The effects of market integration during the first globalization: a multi-market approach," European Review of Economic History, European Historical Economics Society, vol. 25(1), pages 20-58.
    7. Ding, Lily & Kinnucan, Henry W., 1996. "Market Allocation Rules For Nonprice Promotion With Farm Programs: U.S. Cotton," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(2), pages 1-17, December.
    8. O'Donoghue, Erik J. & Whitaker, James B., 2006. "How distorting are direct payments?," 2006 Annual meeting, July 23-26, Long Beach, CA 21247, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Stavriotis, Paul A. & Houston, Jack E. & McIntosh, Christopher S. & Turner, Steven C., 1998. "Leading Indicators For Regional Cotton Response: Structural And Time Series Modeling Results," Faculty Series 16717, University of Georgia, Department of Agricultural and Applied Economics.

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