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The Effectiveness Of Price Support Policy-Some Evidence For U.S. Corn Acreage Response

Author

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  • Gallagher, Paul

Abstract

A method is reported for measuring supply response in an environment in which Government price supports and market conditions both influence producers' decisions. This method is used to analyze U.S. corn acreage data_

Suggested Citation

  • Gallagher, Paul, 1978. "The Effectiveness Of Price Support Policy-Some Evidence For U.S. Corn Acreage Response," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 30(4), pages 1-7, October.
    • Handle: RePEc:ags:uersja:148387
    DOI: 10.22004/ag.econ.148387
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    Citations

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    Cited by:

    1. Bailey, Kenneth W. & Womack, Abner W., 1985. "Wheat Acreage Response: A Regional Econometric Approach," CNFAP Staff Reports 244132, Food and Agricultural Policy Research Institute (FAPRI).
    2. Shideed, Kamil H. & White, Fred C. & Brannen, Stephen J., 1987. "Alternative Procedures For The Formation Of Price Expectations In Supply Response Analysis: An Application To U.S. Corn Acreage," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 269926, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Fraser, Rob W., 1988. "A Method For Evaluating Supply Response To Price Underwriting," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 32(1), pages 1-15, April.
    4. Bailey, Kenneth W. & Womack, Abner W., 1985. "Wheat Acreage Response: A Regional Econometric Investigation," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(2), pages 1-10, December.
    5. Jean-Paul Chavas & Matthew T. Holt, 1990. "Acreage Decisions Under Risk: The Case of Corn and Soybeans," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(3), pages 529-538.
    6. Frederick I. Johnson, 1989. "Price Supports under Uncertainty: The U.S. Oats Market," The American Economist, Sage Publications, vol. 33(1), pages 36-44, March.
    7. John C. Quiggin, 1983. "Underwriting Agricultural Commodity Prices," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 27(3), pages 200-211, December.
    8. Langley, James A., 1983. "Regional acreage response functions for major US field crops: estimation and policy implications," ISU General Staff Papers 198301010800008678, Iowa State University, Department of Economics.
    9. Shideed, Kamil H. & White, Fred C. & Brannen, Stephen J., 1987. "The Responsiveness Of U.S. Corn And Soybean Acreages To Conditional Price Expectations: An Application To The 1985 Farm Bill," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(2), pages 1-9, December.
    10. Salassi, Michael E., 1995. "The Responsiveness Of U.S. Rice Acreage To Price And Production Costs," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(2), pages 1-14, December.
    11. Holt, Matthew T., 1991. "A Multi-Market Bounded Prices Model Under Rational Expectations: The Case of Corn and Soybeans," Staff Papers 200537, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    12. R.W. Fraser, 1991. "Price‐Support Effects On Ec Producers," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(1), pages 1-10, January.
    13. Holt, Matthew T., 1999. "A Linear Approximate Acreage Allocation Model," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(2), pages 1-15, December.
    14. Holt, Matthew T., 1989. "Risk, Rational Expectations, and Price Stabilization in the U.S. Corn Market," Staff Papers 200480, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    15. Holt, Matthew T., 1989. "A Multi-Market Rational Expectation Model with Bounded Prices: The Case of Corn and Soybeans in the U.S," Staff Papers 200485, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    16. Peng Peng & Zhigang Xu, 2022. "Price expectations, risk aversion, and choice of sales methods for large‐scale farmers under incomplete market conditions," Agribusiness, John Wiley & Sons, Ltd., vol. 38(4), pages 1012-1031, October.
    17. Gallagher, Paul & Green, Robert C., 1984. "A Cropland Use Model: Theory And Suggestions For Estimating Planted Acreage Response," Staff Reports 277586, United States Department of Agriculture, Economic Research Service.
    18. Liu, Hsiang-Hsi, 1983. "An annual simultaneous equation econometric model of U.S. corn and soybean cash and futures markets," ISU General Staff Papers 198301010800009935, Iowa State University, Department of Economics.
    19. Jingdong Li & Weidong Liu & Zhouying Song, 2020. "Sustainability of the Adjustment Schemes in China’s Grain Price Support Policy—An Empirical Analysis Based on the Partial Equilibrium Model of Wheat," Sustainability, MDPI, vol. 12(16), pages 1-22, August.
    20. Chavas, Jean-Paul & Holt, Matthew T., 1989. "An Analysis of Acreage Decisions Under Risk: The Case of Corn and Soybeans," Staff Papers 200476, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    21. Holt, Matthew T., 1991. "A Multi-Market Bounded Prices Model Under Rational Expectations: The Case of Corn and Soybeans in the U.S," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271199, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    22. Townsend, Rob F. & van Zyl, Johan & Thirtle, Colin G., 1997. "Assessing the benefits of research expenditures on maize production in South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 36(4), pages 1-13, December.
    23. Chavas, Jean-Paul & Pope, Rulon D. & Kao, Robert S., 1983. "An Analysis Of The Role Of Futures Prices, Cash Prices And Government Programs In Acreage Response," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(1), pages 1-7, July.

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