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An Econometric Analysis of Acreage Allocation to U. S. Feed and Food Grains

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  • Shrestha, Chandra M.
  • Debertin, David L.

Abstract

This paper analyzes the allocation of acreage to six Feed and Food grains in the U. S. A general theory of acreage allocation is developed. The simultaneity or jointness in the allocation of acreage to competing crops is addressed. A theoretically correct and technically feasible three-stage least squares method is used to estimate a system of six simultaneous acreage allocation equations. The estimated structural parameters, impact multipliers and interim multipliers all suggest that government policy variables play dominant roles in acreage allocation equations. In addition, simple lagged product prices are found to effectively serve as the expected prices in directing acreage allocation to the crops studied.

Suggested Citation

  • Shrestha, Chandra M. & Debertin, David L., 1985. "An Econometric Analysis of Acreage Allocation to U. S. Feed and Food Grains," 1985 Annual Meeting, August 4-7, Ames, Iowa 278592, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea85:278592
    DOI: 10.22004/ag.econ.278592
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    References listed on IDEAS

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    1. Ryan, Mary E. & Abel, Martin E., 1972. "Corn Acreage Response and the Set-Aside Program," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 24(4), pages 1-14, October.
    2. Houck, James P., 1976. "Analyzing the Impact of Government Programs on Crop Acreage," Technical Bulletins 158119, United States Department of Agriculture, Economic Research Service.
    3. B. J. Morzuch & R. D. Weaver & P. G. Helmberger, 1980. "Wheat Acreage Supply Response under Changing Farm Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(1), pages 29-37.
    4. Russell Lidman & D. Lee Bawden, 1974. "The Impact of Government Programs on Wheat Acreage," Land Economics, University of Wisconsin Press, vol. 50(4), pages 327-335.
    5. Havlicek, Joseph Jr., 1980. "Lecture notes in econometric methods and analysis," Joseph Havlicek, Jr., AgEcon Search, number 207771, March.
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