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Supply and Demand Functions for Multiproduct U.S. Cash Grain Farms: Biases Caused by Research and Other Policies

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  • Huffman, Wallace
  • Evenson, Robert E.

Abstract

This study presents new estimates of supply and demand elasticities for U.S. multiproduct cash grain farms and estimates of input and output bias effects caused by public and private crop research, extension, and farmers' schooling. The study also shows that the social rate of return to public crop research is large--about 62 percent.

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Bibliographic Info

Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 10985.

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Date of creation: 01 Aug 1989
Date of revision:
Publication status: Published in American Journal of Agricultural Economics, August 1989, vol. 71 no. 3, pp. 761-773
Handle: RePEc:isu:genres:10985

Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Email:
Web page: http://www.econ.iastate.edu
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Cited by:
  1. Plastina, Alejandro S. & Fulginiti, Lilyan E., 2007. "Rates of Return to Public Agricultural Research in 48 U.S. States," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon TN 9858, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Beghin, John C. & Jensen, Helen H., 2008. "Farm Policies and Added Sugars in US Diets," Staff General Research Papers 12872, Iowa State University, Department of Economics.
  3. Mogues, Tewodaj & Yu, Bingxin & Fan, Shenggen & Mcbride, Linden, 2012. "The impacts of public investment in and for agriculture: Synthesis of the existing evidence," IFPRI discussion papers 1217, International Food Policy Research Institute (IFPRI).
  4. Rosegrant, Mark W. & Kasryno, Faisal & Perez, Nicostrato D., 1998. "Output response to prices and public investment in agriculture: Indonesian food crops," Journal of Development Economics, Elsevier, vol. 55(2), pages 333-352, April.

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