Supply Response of Crops in the Southeast Report as inadecuate




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An econometric model was used to estimate the supply response of corn, cotton, and soybeans in the Southeast United States. The analysis includes state-level data from 1991-2005 for Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia, taking into account the effect of wealth, revenue risk, and farm program provisions. Estimated elasticities were low and many parameters were not statistically significant.

Keywords: Supply Response ; Government Programs ; Risk ; Wealth

Subject(s): Agricultural and Food Policy

Issue Date: 2009

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/46756

Total Pages: 22

JEL Codes: Q11; Q18

Record appears in: Southern Agricultural Economics Association (SAEA) > 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia





Author: Smith, Rachel K. ; Duffy, Patricia A. ; Novak, James L. ; Wilson, Norbert L.W.

Source: http://ageconsearch.umn.edu/record/46756?ln=en







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