Estimation Of Farm Supply Response And Acreage Allocation
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Estimation Of Farm Supply Response And Acreage Allocation
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Author : N. S. S. Narayana
language : en
Publisher:
Release Date : 1981
Estimation Of Farm Supply Response And Acreage Allocation written by N. S. S. Narayana and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Agricultural estimating and reporting categories.
The Dynamics Of Supply
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Author : Marc Nerlove
language : en
Publisher: Baltimore, Md. : Johns Hopkins Press
Release Date : 1958
The Dynamics Of Supply written by Marc Nerlove and has been published by Baltimore, Md. : Johns Hopkins Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1958 with Agricultural prices categories.
Short Term Global Crop Acreage Response To International Food Prices And Implications Of Volatility
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Author : Mekbib Haile
language : en
Publisher:
Release Date : 2013
Short Term Global Crop Acreage Response To International Food Prices And Implications Of Volatility written by Mekbib Haile and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Understanding how producers make decisions to allot acreage among crops and how decisions about land use are affected by changes in prices and their volatility is fundamental for predicting the supply of staple crops and, hence, assessing the global food supply situation. The innovations of the present paper are estimates of monthly (i.e. seasonal) versus annual global acreage response models for four staple crops: wheat, soybeans, corn and rice. We focus on the impact of (expected) crop prices, oil and fertilizer prices and market risks as main determinants for farmers' decisions on how to allocate their land. Primary emphasis is given to the magnitude and speed of the allocation process. Estimation of intra-annual acreage elasticity is crucial for expected supply and for input demand, especially in the light of the recent short-term volatility in food prices. Such aggregate estimates are also valuable to verify whether involved country-specific estimations add up to patterns that are apparent in the aggregate international data. The econometric results indicate that global crop acreage responds to crop prices and price risks, input costs as well as a time trend. Depending on respective crop, short-run elasticities are about 0.05 to 0.25; price volatility tends to reduce acreage response of some crops; comparison of the annual and the monthly acreage response elasticities suggests that acreage adjusts seasonally around the globe to new information and expectations. Given the seasonality of agriculture, time is of the essence for acreage response: The analysis indicates that acreage allocation is more sensitive to prices in northern hemisphere spring than in winter and the response varies across months.
Elasticity Of Spring Wheat Acreage Response In Sweden Under A Forward Pricing System
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Author : Erik Eliasson
language : en
Publisher:
Release Date : 1958
Elasticity Of Spring Wheat Acreage Response In Sweden Under A Forward Pricing System written by Erik Eliasson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1958 with Agriculture categories.
Acreage Allocation Under Changing Government Feedgrain Programs
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Author : David R. Lee
language : en
Publisher:
Release Date : 1981
Acreage Allocation Under Changing Government Feedgrain Programs written by David R. Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Acreage allotments categories.
Farm Management
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Author : Reji D. Nair
language : en
Publisher: Concept Publishing Company
Release Date : 2010
Farm Management written by Reji D. Nair and has been published by Concept Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Agricultural productivity categories.
Incorporation Of Risk Variables In Econometric Supply Response Analysis
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Author : William Bruce Traill
language : en
Publisher:
Release Date : 1978
Incorporation Of Risk Variables In Econometric Supply Response Analysis written by William Bruce Traill and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Agricultural prices categories.
Journal Of Agricultural And Resource Economics
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Author :
language : en
Publisher:
Release Date : 1995
Journal Of Agricultural And Resource Economics written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Agriculture categories.
The Dynamics And Spatial Heterogeneity Of Crop Acreage Response To Price
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Author : Nathan P. Hendricks
language : en
Publisher:
Release Date : 2011
The Dynamics And Spatial Heterogeneity Of Crop Acreage Response To Price written by Nathan P. Hendricks and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Estimates of crop supply response to price have a long history in agricultural economics. The primary contribution of this dissertation is to estimate the short-run (1-year) and long-run (5- to 10-year) acreage response to price for corn and soybeans. I characterize the dynamics of aggregate supply response by aggregating a field-level conceptual model of crop decisions with rotation incentives across heterogeneous fields. The model indicates that the long-run response is likely to be smaller than the short-run response. The econometric model exploits crop data, in the form of pixels, derived from satellite imagery for Illinois (1999-2010) and Iowa and Indiana (2000-2010). To approximate fields as the unit of analysis, I use Common Land Unit boundaries from the Farm Service Agency. Expected per bushel crop revenues are the sum of a futures price, an expected loan deficiency payment, and an expected basis obtained from 93 market locations. Soil and precipitation data are spatially merged to the crop data. The field-level dataset contains approximately 1 million observations per year. I argue that previous estimates of aggregate acreage response to price have been biased due to the use of aggregate data and pooled estimators (i.e., estimating a heterogeneous coefficient with a single parameter). The bias from aggregation occurs because aggregating a dynamic model results in a different dynamic structure at the aggregate level, thus the model is misspecified with a single lagged dependent variable. The pooling bias occurs because the coefficient on the lagged dependent variable captures the variation in the price response. When the price of corn increases, fields that have a larger price response are more likely to plant corn in the current year, but they are also more likely to have planted corn the previous year since prices are positively autocorrelated. I avoid these sources of bias by using disaggregate crop data and estimating coefficients that differ by soil regimes. Using the field-level data, I estimate the own-price acreage elasticity for corn as 0.52 in the short run and 0.34 in the long run. I estimate the own-price acreage elasticity for soybeans as 0.31 in the short run and 0.23 in the long run. In contrast, estimates with county-level data for the same region and time period indicate that the long-run elasticities are larger than the short-run elasticities.
Agricultural Supply Functions
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Author : Earl Orel Heady
language : en
Publisher:
Release Date : 1961
Agricultural Supply Functions written by Earl Orel Heady and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1961 with Farm management categories.