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Production Relationships In South Central Agriculture

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  • Polson, Rudolph A.
  • Shumway, C. Richard

Abstract

Output supplies and input demands were estimated for each of five South Central states. The model structure in each state was based on prior parametric tests of homothetic separability, and estimates were generally consistent with a competitive, profit-maximizing industry. Considerable diversity among states was evident in selected production relationships. These results further document the non-uniform ways in which producers respond to government farm programs and market information.

Suggested Citation

  • Polson, Rudolph A. & Shumway, C. Richard, 1992. "Production Relationships In South Central Agriculture," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(2), pages 1-15, December.
    • Handle: RePEc:ags:sojoae:29627
    DOI: 10.22004/ag.econ.29627
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    References listed on IDEAS

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    1. Wallace E. Huffman & Robert E. Evenson, 1989. "Supply and Demand Functions for Multiproduct U.S. Cash Grain Farms: Biases Caused by Research and Other Policies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(3), pages 761-773.
    2. Stephen E. Miller & Oral Capps & Gary J. Wells, 1984. "Confidence Intervals for Elasticities and Flexibilities from Linear Equations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 392-396.
    3. Shumway, C. Richard & Alexander, William P. & Talpaz, Hovav, 1990. "Texas Field Crops: Estimation With Curvature," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(01), pages 1-10, July.
    4. Giancarlo Moschini, 1989. "Normal Inputs and Joint Production with Allocatable Fixed Factors," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 1021-1024.
    5. V. Eldon Ball, 1988. "Modeling Supply Response in a Multiproduct Framework," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(4), pages 813-825.
    6. Rulon D. Pope & Arne Hallam, 1988. "Separability Testing in Production Economics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(1), pages 142-152.
    7. C. Richard Shumway & William P. Alexander, 1988. "Agricultural Product Supplies and Input Demands: Regional Comparisons," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(1), pages 153-161.
    8. Houck, James P., 1976. "Analyzing the Impact of Government Programs on Crop Acreage," Technical Bulletins 158119, United States Department of Agriculture, Economic Research Service.
    9. McIntosh, Christopher S. & Shumway, C. Richard, 1991. "Multiproduct Production Choices And Policy Response," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(2), pages 1-13, December.
    10. Polson, Rudolph A. & Shumway, C. Richard, 1990. "Structure Of South Central Agricultural Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-11, December.
    11. C. Richard Shumway, 1983. "Supply, Demand, and Technology in a Multiproduct Industry: Texas Field Crops," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 748-760.
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    Cited by:

    1. H. Ahammad & N. Islam, 1999. "Estimating the WA Agricultural Production System: A profit function approach," Economics Discussion / Working Papers 99-11, The University of Western Australia, Department of Economics.

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