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Structure Of South Central Agricultural Production

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

Abstract

Using a dual economic specification of a multiproduct technology, the structure of agricultural production was tested for five South Central states (Texas, Oklahoma, Arkansas, Mississippi, and Louisiana). A comprehensive set of output supplies and input demands comprised the estimation equations in each state. Evidence of nonjoint production in a subset of commodities was detected in four of the five states. Several commodities also satisfied sufficient conditions for consistent aggregations. However, the specific outputs satisfying each structural property varied by state. Sufficient conditions for consistent geographic aggregation across the states were not satisfied. These results provide empirical guidance and important cautions for legitimately simplifying state-level model specifications of southern agricultural production.

Suggested Citation

  • 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.
    • Handle: RePEc:ags:sojoae:30008
    DOI: 10.22004/ag.econ.30008
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    1. Asunka, Samuel & Shumway, C. Richard, 1996. "Allocatable Fixed Inputs and Jointness in Agricultural Production: More Implications," Agricultural and Resource Economics Review, Cambridge University Press, vol. 25(2), pages 143-148, October.
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    9. C. Richard Shumway & Rulon D. Pope & Elizabeth K. Nash, 1988. "Allocatable Fixed Inputs and Jointness in Agricultural Production: Implications for Economic Modeling: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(4), pages 950-952.
    10. 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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    1. Shumway, C. Richard, 1993. "Production economics: Worthwhile investment?," Agricultural Economics, Blackwell, vol. 9(2), pages 89-108, August.
    2. Poison, Rudolph A. & Shumway, C. Richard, 1992. "Production Relationships in South Central Agriculture," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(2), pages 121-135, December.
    3. Shumway, C. Richard & Davis, George C., 2001. "Does consistent aggregation really matter?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(2), pages 1-34.
    4. Villezca-Becerra, Pedro A. & Shumway, C. Richard, 1992. "Multiple-Output Production Modeled With Three Functional Forms," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(01), pages 1-16, July.
    5. Nguyen, Duong T.M. & McLaren, Keith Robert & Zhao, Xueyan, 2008. "Multi-Output Broadacre Agricultural Production: Estimating A Cost Function Using Quasi-Micro Farm Level Data From Australia," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6009, Australian Agricultural and Resource Economics Society.
    6. Shumway, C. Richard & Villezca-Becerra, Pedro A., 1995. "Disaggregated estimates of output supply and input demand elasticities," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 10(1), pages 89-101.
    7. Qinghua Liu & C. Richard Shumway, 2004. "Testing aggregation consistency across geography and commodities," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(3), pages 463-486, September.
    8. Kivanda, Lena & Fox, Glenn, 1993. "Falsification and the Practice of Agricultural Production Economists: A Methodological Assessment," Department of Agricultural Economics and Business 258724, University of Guelph.

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