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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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    File URL: https://ageconsearch.umn.edu/record/29627/files/24020121.pdf
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    References listed on IDEAS

    as
    1. 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.
    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. 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.
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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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