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| Duffy, Patricia A.; Shalishali, Kasazi; Kinnucan, Henry W.. |
| An expected utility model that includes output price and yield uncertainty was used to estimate cotton, corn, 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 corn 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. |
| Tipo: Journal Article |
Palavras-chave: Government programs; Acreage response; Expected utility; Time-varying parameters; Crop Production/Industries. |
| Ano: 1994 |
URL: http://purl.umn.edu/15163 |
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| Bazen, Ernest F.; Roberts, Roland K.; Travis, John; Larson, James A.. |
| Understanding the interactions between supply and demand for hay is important because of hay’s significance to the agricultural sector and economy, and because hay is an important crop on highly erodible soils. As an example, Tennessee has the most erodible cultivated cropland in the United States (Denton, 2000), nearly half of the state’s current CRP acreage contracts are set to expire in 2007 (U.S. Department of Agriculture, 2006), and hay is one of the most economically important crops produced in the state (U.S. Department of Agriculture, 2004). Cross (1999) attributed the upward trend in Tennessee hay acreage since 1980 to an increasing number of farmers who were searching for alternative production activities, such as hay, pasture and livestock, to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Acreage response; Derived demand; Elasticities; Hay; Inverse demand function; Price flexibilities; Yield response; Crop Production/Industries; Demand and Price Analysis; D. |
| Ano: 2008 |
URL: http://purl.umn.edu/6889 |
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| Adhikari, Murali; Houston, Jack E.; Paudel, Laxmi; Bandyopadhyay, Dipankar; Paudel, Biswo Nath; Devkota, Nirmala. |
| An expected utility model was developed to capture the impacts of wealth, other economic, and institutional factors on irrigation acreage allocation decisions. Predicted water demand is derived from an expected utility structural model and various ARIMA models. No significant differences arise between forecasted irrigation acreage and, thereby, amount of forecasted water demand between econometric and time series models. However, estimates of water demand differ significantly from a Blaney-Criddle-based physical model. Keywords: water forecasting, acreage response, water slippage, BC formula |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Water forecasting; Acreage response; Water slippage; BC formula; Land Economics/Use; Resource /Energy Economics and Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/22109 |
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| Becker, Anthony D.; Judge, Rebecca P.. |
| As a heavily subsidized crop with significant exports, rice bears at least a superficial similarity to upland cotton, which causes some to speculate that current rice policy exposes the U.S. to the same WTO sanctions as were levied in 2005 against U.S. cotton subsidies. This paper examines the impact of decoupled payments on U.S. indica rice production in the southern states of Arkansas, Mississippi, Missouri, Louisiana and Texas, a region chosen because it accounts for nearly all U.S. rice exports to Central and South America. Using Arellano’s and Bond’s generalized method of moments (GMM) estimation technique for dynamic panel models on county-level data, we find that both direct and counter-cyclical payments exert significant, positive effects on... |
| Tipo: Working Paper |
Palavras-chave: Rice policy; Farm commodity programs; Acreage response; Agricultural and Food Policy; Q12; Q18. |
| Ano: 2012 |
URL: http://purl.umn.edu/120073 |
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