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A Simultaneous Equation Approach to Production Response: Delta Region

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  • Penn, J. B.
  • Irwin, George D.

Abstract

Soybeans occupy the unique position of common denominator in crop production for much of the Eastern half of the U.S. The interdependence between the soybean economy and those of corn, cotton, and rice means that policy changes directed toward one crop can have very decided effects upon the others.Effective policy and program decisions need continuing research as input in formulating and evaluating these decisions. Detailed analyses of inter- and intraregional interdependence among crops, and of production alternatives involving soybeans, are especially needed because it is no longer certain that an expanding demand will provide a safety valve for soybean and related commodity programs [4,9].

Suggested Citation

  • Penn, J. B. & Irwin, George D., 1971. "A Simultaneous Equation Approach to Production Response: Delta Region," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 3(1), pages 115-121, December.
    • Handle: RePEc:cup:jagaec:v:3:y:1971:i:01:p:115-121_01
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    Citations

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    Cited by:

    1. Duffy, Patricia A. & Richardson, James W. & Wohlgenant, Michael K., 1987. "Regional Cotton Acreage Response," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(1), pages 1-11, July.
    2. Lanier, Eleanor B., 1974. "Economics of Agriculture: Reports and Publications Issued or Sponsored by USDA's Economic Research Service, July 1971-June 1972," Miscellaneous Publications 321804, United States Department of Agriculture, Economic Research Service.
    3. White, Fred C. & Fleming, Frank N., 1980. "An Analysis Of Competing Agricultural Land Uses," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(2), pages 1-5, December.
    4. Ahouissoussi, Nicolas B. C. & McIntosh, Christopher S. & Wetzstein, Michael E., 1995. "Rational Expectations Estimation of Georgia Soybean Acreage Response," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 27(2), pages 500-509, December.
    5. Thompson, C. Stassen, 1986. "Discussion: Supply Relationships In The South - What Have We Learned?," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(1), pages 1-3, July.
    6. McKinzie, Lance & Binkley, James & Gardiner, Walt, 1982. "Acreage Response Estimation Through a Systems Approach," 1982 Annual Meeting, August 1-4, Logan, Utah 279136, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Shumway, C. Richard, 1986. "Supply Relationships In The South - What Have We Learned?," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(1), pages 1-9, July.
    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.

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