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State-Level Output Supply and Input Demand Elasticities for Agricultural Commodities

Author

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  • Villezca-Becerra, Pedro A.
  • Shumway, C. Richard

Abstract

Own- and cross-price production elasticities, estimated in four major agricultural states (California, Iowa, Texas, and Florida), measure the sensitivity to price changes of as many as 25 individual crop and livestock output supplies and six input demands. While most responses were highly inelastic, a wide range of elasticities occurred across States. The range was generally greater for crop supplies than for livestock supplies or input demands. The wide range of elasticities demonstrates the need for economic analysis to focus on specific groups of producers when assessing distributional consequences of policy changes.

Suggested Citation

  • Villezca-Becerra, Pedro A. & Shumway, C. Richard, 1992. "State-Level Output Supply and Input Demand Elasticities for Agricultural Commodities," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 44(1), pages 1-13.
    • Handle: RePEc:ags:uersja:138022
    DOI: 10.22004/ag.econ.138022
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    Cited by:

    1. Chung, Chanjin & Kaiser, Harry M., 2000. "Do Farmers Get An Equal Bang For Their Buck From Generic Advertising Programs? A Theroetical And Empirical Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(1), pages 1-12, July.

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