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Northeast Soybean Acreage Response Using Expected Net Returns

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  • Davison, Cecil W.
  • Crowder, Bradley M.
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    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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    Bibliographic 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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    Cited by:
    1. Barr, Kanlaya Jintanakul & Babcock, Bruce A. & Carriquiry, Miguel A. & Nassar, Andre M & Harfuch, Leila, 2012. "Agricultural Land Elasticities in the United States and Brazil," Staff General Research Papers 35043, Iowa State University, Department of Economics.
    2. Haile, Mekbib Gebretsadik & Kalkhul, Matthias, 2013. "Volatility in the international food markets: implications for global agricultural supply and for market and price policy," 53rd Annual Conference, Berlin, Germany, September 25-27, 2013 156097, German Association of Agricultural Economists (GEWISOLA).
    3. Sobowale, Flakkeh & Dicks, Michael R. & Adam, Brian D. & Campiche, Jody L., 2012. "Impact of United States Corn-Based Ethanol Production on Land Use," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119800, Southern Agricultural Economics Association.

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