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Northeast Soybean Acreage Response Using Expected Net Returns

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Author Info
Davison, Cecil W.
Crowder, Brad
Abstract

Expected prices and expected net returns from cropping activities are used to estimate soybean acreage response in the Northeast. Futures prices and lagged cash prices constitute proxies for price expectations. Expected net returns appear as good or better than expected prices for estimating acreage response. Short-run and long-run elasticities of soybean acreage with respect to expected net returns from soybeans are estimated as 0.5 and 1.6 for the northeast region. Soybean acreage appears less responsive to changes in expected net returns than to expected changes in prices.

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File URL: http://purl.umn.edu/28817
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Publisher Info
Article provided by Northeastern Agricultural and Resource Economics Association in its journal Northeastern Journal of Agricultural and Resource Economics.

Volume (Year): 20 (1991)
Issue (Month): 1 (April)
Pages:
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Handle: RePEc:ags:nejare:28817

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Web page: http://www.narea.org/
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Related research
Keywords: Crop Production/Industries;

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