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Effects of Soybean Checkoff Research Expenditures on U.S. Soybean Yields and Net Revenue: A Time Series Analysis

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  • Bessler, David A.

Abstract

Statistical methods are used to study relationships between research expenditures (adjusted for inflation) made from producer checkoff programs and soybean yields and net revenues in the United States for the years 1978 – 2007. Results presented are for yield and net revenue data and research expenditures for the entire United States. We find that research expenditures over the years 1994 to 2007 are responsible for a 0.95 bushel per acre per year increase in soybean yields. We calculate net producer revenues to be about $17 per acre higher than would have been the case without the soybean research checkoff expenditures.

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Bibliographic Info

Paper provided by Texas A&M University, Agribusiness, Food, and Consumer Economics Research Center in its series Reports with number 90494.

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Date of creation: Apr 2009
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Handle: RePEc:ags:tamagr:90494

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Keywords: Soybean; Soybean Checkoff; Soybean Yields; Crop Production/Industries; Demand and Price Analysis;

References

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  1. Granger, C. W. J., 1981. "Some properties of time series data and their use in econometric model specification," Journal of Econometrics, Elsevier, vol. 16(1), pages 121-130, May.
  2. Geweke, John F & Meese, Richard, 1981. "Estimating Regression Models of Finite but Unknown Order," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 22(1), pages 55-70, February.
  3. Dickey, David A & Fuller, Wayne A, 1981. "Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root," Econometrica, Econometric Society, vol. 49(4), pages 1057-72, June.
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Cited by:
  1. Williams, Gary W. & Capps, Oral, Jr. & Bessler, David A., 2009. "Is the Soybean Checkoff Program Working?," Reports 90495, Texas A&M University, Agribusiness, Food, and Consumer Economics Research Center.

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