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Acreage Response Under Farm Programs for Major Southeastern Field Crops

Опубликовано на портале: 17-02-2005
Journal of Agricultural and Applied Economics. 1994.  Vol. 26. No. 2. P. 367-378. 
An expected utility model that includes output price and yield uncertainly 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 com and 0.727 for soybeans. When applied to cotton acreage, however, the model did not yield satisfactory results. When elasticity was allowed to changeover time, however, statistical results for the cotton equation improved, yielding an own-price elasticity of 0.915 at data means.

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