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| Torre Ugarte, Daniel de la; Sanford, Scott; Skinner, Robert A.; Westcott, Paul C.; Lin, William W.. |
| The 1996 Farm Act gives farmers almost complete planting flexibility, allowing producers to respond to price changes to a greater extent than they had under previous legislation. This study measures supply responsiveness for major field crops to changes in their own prices and in prices for competing crops and indicates significant increases in responsiveness. Relative to 1986-90, the percentage increases in the responsiveness of U.S. plantings of major field crops to a 1-percent change in their own prices are wheat (1.2 percent), corn (41.6 percent), soybeans (13.5 percent), and cotton (7.9 percent). In percentage terms, the increases in the responsiveness generally become greater with respect to competing crops' price changes. The 1996 legislation has... |
| Tipo: Report |
Palavras-chave: Supply response; Major field crops; Acreage price elasticities; Normal flex acreage (NFA); 1996 farm legislation.; Agricultural and Food Policy; Crop Production/Industries. |
| Ano: 2000 |
URL: http://purl.umn.edu/33568 |
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