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How Sensitive Are Crop Yields To Price Changes And Farm Programs?

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  • Choi, Jung-Sup
  • Helmberger, Peter G.
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    Abstract

    A two-stage approach is used to estimate sensitivity of corn, wheat, and soybean yields to changes in prices and land idled. Estimated elasticity of demand for fertilizer per acre with respect to expected output price equals 0.47, 0.10, and 0.82 for corn, wheat, and soybeans. Upper estimates of the elasticity of yield with respect to fertilizer equals +0.58, +0.29, and +0.16 for corn, wheat, and soybeans. Yields are found to be quite insensitive to price changes. Fertilizer demands and yields are insensitive to land idled under farm programs.

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    Bibliographic Info

    Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

    Volume (Year): 25 (1993)
    Issue (Month): 01 (July)
    Pages:

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    Handle: RePEc:ags:joaaec:15202

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    Web page: http://www.saea.org/jaae/jaae.htm
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    Related research

    Keywords: Corn; Farm programs; Fertilizer demands; Soybeans; Wheat; Yields; Agricultural and Food Policy; Demand and Price Analysis;

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    1. Love, H. Alan & Foster, William E., 1990. "Commodity Program Slippage Rates For Corn And Wheat," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(02), December.
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    Cited by:
    1. Edison, Andy Mulyana & Jie, Ferry & Parton, Kevin A., 2011. "The Analysis Of Supply Response Of Rice Under Risk In Jambi Province," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 113736, Australian Agricultural and Resource Economics Society.
    2. David Ubilava, 2012. "Modeling Nonlinearities in the U.S. Soybean‐to‐Corn Price Ratio: A Smooth Transition Autoregression Approach," Agribusiness, John Wiley & Sons, Ltd., vol. 28(1), pages 29-41, 01.
    3. Traboulsi, Mohamad Rafic, 2013. "Effect of Climate Change on Supply Response of Florida Citrus Crops 1980-2010," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143063, Southern Agricultural Economics Association.
    4. Finger, Robert, 2010. "Evidence of slowing yield growth - The example of Swiss cereal yields," Food Policy, Elsevier, vol. 35(2), pages 175-182, April.
    5. Boussios, David & Barkley, Andrew P., 2012. "Kansas Grain Supply Response to Economic and Biophysical Factors, 1977-2007," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124385, Agricultural and Applied Economics Association.
    6. Zulfiqar, Farhad, 2010. "Estimation of Wheat Yield Response under different Economic, Location and Climatic Conditions in Punjab," MPRA Paper 26503, University Library of Munich, Germany.

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