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Yield Probabilities as a Markov Process

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  • Bostwick, Don

Abstract

The shape and consequences of fortuitous events are subjects of much discussion in economics. Wheat yields on dryland are one member of such a set of events. Much research effort has been devoted to establishment of causal factors in observed yield variability and in attempts to derive probability models without waiting for causal understanding. The discussion that follows is another in the list of attempts of the latter kind. Thanks are due James S. Plaxico of Oklahoma State University, others of the GP-2 Technical Committee, and members of the Farm Economics Division, Economic Research Service staff in Washington, D.C., who read the manuscript and suggested improvements.

Suggested Citation

  • Bostwick, Don, 1962. "Yield Probabilities as a Markov Process," Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, issue 2.
  • Handle: RePEc:ags:ueraer:145807
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    Cited by:

    1. Saint-Cyr, Legrand D. F., 2016. "Farm segmentation and agricultural policy impacts on structural change: evidence from France," 149th Seminar, October 27-28, 2016, Rennes, France 244789, European Association of Agricultural Economists.
    2. Kizer, Michael A. & Stoecker, Arthur L. & Carreira, Rita I. & Hattey, Jeffory A., 2004. "Management Strategies To Mitigate Environmental Impact Of Weather Uncertainty In Effluent Application To Irrigated Corn In Semiarid Regions," 2004 Annual meeting, August 1-4, Denver, CO 20110, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Corra, Greg S. & Butler, Leslie J. & Cornell, L.D., 1982. "A Note on Measuring Income Instability and Inequality on Australian Sheep Farms," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(01), April.
    4. Ryan, Timothy J., 1974. "A Note On Victorian Wheat Yield Distributions," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(02), August.
    5. Saint-Cyr, Legrand D. F., 2016. "Accounting for farm heterogeneity in the assessment of agricultural policy impacts on structural change," 2016 Annual Meeting, July 31-August 2, 2016, Boston, Massachusetts 235778, Agricultural and Applied Economics Association.
    6. Ronald D. Krenz, 1965. "Projection du nombre d'exploitations à l'aide de chaînes de Markov," Économie rurale, Programme National Persée, vol. 64(1), pages 99-106.

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    Keywords

    Research Methods/ Statistical Methods;

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