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Wheat -- Regional Supply Analysis

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  • Hoffman, Robert G.

Abstract

A wheat supply model based on regional planted and harvested acreage equations represents Part I of a two part wheat econometric framework being developed to measure the factors affecting wheat production and price (demand) levels. The major characteristics of several types of wheat acreage adjustment programs in recent years have been quantified into two broad acreage policy measures - an “effective support rate", and an "effective voluntary diversion rate”. These variables along with several other economic and weather condition variables have been used to develop planted and harvested acreage equations based on the 1950 to 1970 period. The policy variables differ somewhat with respect to their impact on wheat acres planted among the major wheat growing areas, but are generally important factors affecting planted and harvested acres. Wheat market price expectations represented by the U.S. prices received by farmers the previous year also are important factors affecting wheat acres.

Suggested Citation

  • Hoffman, Robert G., 1973. "Wheat -- Regional Supply Analysis," Miscellaneous Publications 324762, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersmp:324762
    DOI: 10.22004/ag.econ.324762
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    References listed on IDEAS

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    1. Mo, William Y., 1968. "An Economic Analysis of the Dynamics of the United States Wheat Sector," Technical Bulletins 171767, United States Department of Agriculture, Economic Research Service.
    2. Meinken, Kenneth W., 1955. "The Demand and Price Structure for Wheat," Technical Bulletins 157127, United States Department of Agriculture, Economic Research Service.
    3. Blakeslee, Leroy L., 1971. "Statistical Estimation of the Effect of Post World War II Farm Policy on U.S. Planted Wheat Acreage," WAEA/ WFEA Conference Archive (1929-1995) 323680, Western Agricultural Economics Association.
    4. Norman K. Whittlesey, 1967. "Cost and Efficiency of Alternative Land-Retirement Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(2), pages 351-359.
    5. Max Moszer, 1969. "An Analysis of the 1964 Wheat Option," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(1), pages 100-118.
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    Cited by:

    1. Bailey, Kenneth W. & Womack, Abner W., 1985. "Wheat Acreage Response: A Regional Econometric Approach," CNFAP Staff Reports 244132, Food and Agricultural Policy Research Institute (FAPRI).
    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. Sharples, Jerry A. & Walker, Rodney L. & Slaughter, Rudie W., Jr., 1976. "Managing Buffer Stocks to Stabilize Wheat Prices," Agricultural Economic Reports 307586, United States Department of Agriculture, Economic Research Service.
    4. 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.
    5. Winter, John R. & Whittaker, James K., 1979. "Estimation Of Wheat Acreage Response Functions For The Northwest," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(2), pages 1-6, December.
    6. 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.
    7. Bell, Bonita, 1975. "Economics of Agriculture: Reports and Publications Issued or Sponsored by USDA's Economic Research Service, July 1973-June 1974," Miscellaneous Publications 321806, United States Department of Agriculture, Economic Research Service.
    8. 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.
    9. Danin, Yigal, 1975. "Grain Reserves And Price Stabilization," Staff Papers 13676, University of Minnesota, Department of Applied Economics.

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