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Perennial Crop Supply Response: A Kalman Filter Approach

Author

Listed:
  • Keith C. Knapp
  • Kazim Konyar

Abstract

A state-space model for perennial crop supply response is developed. New plantings and removals depend on the existing age structure of the crop and expected values for future prices and other exogenous variables. Acreage in individual age categories evolves depending upon existing acreage, new plantings, and removals. The Kalman filter and an iterative parameter search provide maximum-likelihood estimates of the unknown parameters and age group acreages from observed data on total acreage and production. An empirical application for alfalfa shows that existing acreage has differential impacts on new plantings and removals depending upon age.

Suggested Citation

  • Keith C. Knapp & Kazim Konyar, 1991. "Perennial Crop Supply Response: A Kalman Filter Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 841-849.
    • Handle: RePEc:oup:ajagec:v:73:y:1991:i:3:p:841-849.
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    File URL: http://hdl.handle.net/10.2307/1242836
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    Citations

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    Cited by:

    1. Blank, Steven C. & Orloff, Steve B. & Putnam, Daniel H., 2001. "Sequential Stochastic Production Decisions For A Perennial Crop: The Yield/Quality Tradeoff For Alfalfa Hay," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(1), pages 1-17, July.
    2. Eli Feinerman & Yacov Tsur, 2014. "Perennial crops under stochastic water supply," Agricultural Economics, International Association of Agricultural Economists, vol. 45(6), pages 757-766, November.
    3. Roosen, Jutta, 1999. "Economic analysis of pesticide regulation in the U.S. apple industry," ISU General Staff Papers 1999010108000013606, Iowa State University, Department of Economics.
    4. Bazen, Ernest F. & Roberts, Roland K. & Travis, John & Larson, James A., 2008. "Factors Affecting Hay Supply and Demand in Tennessee," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6889, Southern Agricultural Economics Association.
    5. Kumar, Parmod & Sharma, Anil, 2006. "Perennial Crop Supply Response Functions: The Case of Indian Rubber, Tea and Coffee," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 61(4), pages 1-17.

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