IDEAS home Printed from https://ideas.repec.org/p/ags/aaacwp/244030.html
   My bibliography  Save this paper

An Analysis of Wheat Supply Response Under Risk and Uncertainty

Author

Listed:
  • Schoney, R. A.

Abstract

No abstract is available for this item.

Suggested Citation

  • Schoney, R. A., 1990. "An Analysis of Wheat Supply Response Under Risk and Uncertainty," Working Papers 244030, Agriculture and Agri-Food Canada.
    • Handle: RePEc:ags:aaacwp:244030
    DOI: 10.22004/ag.econ.244030
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/244030/files/aafc-wppb-01-90.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.244030?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Rulon D. Pope, 1987. "An Analogy between Risk Aversion and Homothetic Production under Certainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(2), pages 378-381.
    2. Richard E. Just, 1975. "Risk Response Models and Their Use in Agricultural Policy Evaluation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(5), pages 836-843.
    3. John M. Antle, 1983. "Incorporating Risk in Production Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 1099-1106.
    4. Richard H. Day, 1965. "Probability Distributions of Field Crop Yields," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 713-741.
    5. William T. McSweeny & Randall A. Kramer, 1986. "Soil Conservation with Uncertain Revenues and Input Supplies: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(2), pages 361-363.
    6. Sharples, Jerry A, 1969. "The Representative Farm Approach to Estimation of Supply Response," American Economic Review, American Economic Association, vol. 59(2), pages 168-174, May.
    7. B. Wade Brorsen & Jean-Paul Chavas & Warren R. Grant, 1987. "A Market Equilibrium Analysis of the Impact of Risk on the U.S. Rice Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(4), pages 733-739.
    8. William F. Lazarus & Earl R. Swanson, 1983. "Insecticide Use and Crop Rotation under Risk: Rootworm Control in Corn," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 738-747.
    9. Kathleen Segerson, 1986. "Risk Sharing in the Design of Environmental Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(5), pages 1261-1265.
    10. P. B. R. Hazell, 1971. "A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(1), pages 53-62.
    11. Richard E. Just, 1974. "An Investigation of the Importance of Risk in Farmers' Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(1), pages 14-25.
    12. Alvin C. Egbert & Hyung M. Kim, 1975. "Analysis of Aggregation Errors in Linear Programming Planning Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(2), pages 292-301.
    13. William T. McSweeny & David E. Kenyon & Randall A. Kramer, 1987. "Toward an Appropriate Measure of Uncertainty in a Risk Programming Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(1), pages 87-96.
    14. Ramon E. Lopez, 1985. "Supply Response and Investment in the Canadian Food Processing Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(1), pages 40-48.
    15. Hans P. Binswanger, 1980. "Attitudes Toward Risk: Experimental Measurement in Rural India," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 395-407.
    16. P. B. R. Hazell, 1971. "A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(4), pages 664-665.
    17. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
    18. Robert P. King & George E. Oamek, 1983. "Risk Management by Colorado Dryland Wheat Farmers and the Elimination of the Disaster Assistance Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 247-255.
    19. Jean-Paul Chavas & James Kliebenstein & Thomas D. Crenshaw, 1985. "Modeling Dynamic Agricultural Production Response: The Case of Swine Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 636-646.
    20. Jean-Paul Chavas & Richard M. Klemme, 1986. "Aggregate Milk Supply Response and Investment Behavior on U.S. Dairy Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(1), pages 55-66.
    21. Robert G. Chambers, 1983. "Risk in Agricultural Production: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 1114-1115.
    22. Robert Neil Collender & James A. Chalfant, 1986. "An Alternative Approach to Decisions under Uncertainty Using the Empirical Moment-Generating Function," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 727-731.
    23. Marc Nerlove, 1956. "Estimates of the Elasticities of Supply of Selected Agricultural Commodities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 38(2), pages 496-509.
    24. Anderson, Jock R., 1974. "Risk Efficiency in the Interpretation of Agricultural Production Research," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(03), pages 1-54, September.
    25. Avishay Braverman & Joseph E. Stiglitz, 1986. "Cost-Sharing Arrangements under Sharecropping: Moral Hazard, Incentive Flexibility, and Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 642-652.
    26. Love, Ross O. & Robison, Lindon J., 1984. "An Empirical Analysis Of The Intertemporal Stability Of Risk Preference," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(1), pages 1-7, July.
    27. Antle, John M., 1983. "Incorporating Risk In Production Analysis," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279106, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    28. Tweeten, Luther G & Quance, C Leroy, 1969. "Positivistic Measures of Aggregate Supply Elasticities: Some New Approaches," American Economic Review, American Economic Association, vol. 59(2), pages 175-183, May.
    29. Anderson, Jock R. & Dillon, John L. & Hardaker, Brian, 1977. "Agricultural Decision Analysis," Monographs: Applied Economics, AgEcon Search, number 288652, July.
    30. John M. Antle, 1987. "Econometric Estimation of Producers' Risk Attitudes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(3), pages 509-522.
    31. Peter G. Helmberger & Vincent Akinyosoye, 1984. "Competitive Pricing and Storage under Uncertainty with an Application to the U.S. Soybean Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(2), pages 119-130.
    32. Meyer, Jack, 1977. "Second Degree Stochastic Dominance with Respect to a Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 477-487, June.
    33. J. Walter Milon, 1986. "Interdependent Risk and Institutional Coordination for Nonpoint Externalities in Groundwater," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(5), pages 1229-1233.
    34. David R. Lee & Peter G. Helmberger, 1985. "Estimating Supply Response in the Presence of Farm Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(2), pages 193-203.
    35. Marc Nerlove & Kenneth L. Bachman, 1960. "The Analysis of Changes in Agricultural Supply: Problems and Approaches," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 42(3), pages 531-554.
    36. Richard M. Klemme, 1985. "A Stochastic Dominance Comparison of Reduced Tillage Systems in Corn and Soybean Production under Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 550-556.
    37. John Holt, 1983. "Risk in Agricultural Production: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(5), pages 1116-1117.
    38. J. Tobin, 1958. "Liquidity Preference as Behavior Towards Risk," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 25(2), pages 65-86.
    39. Steven T. Buccola, 1983. "Risk Preferences and Short-Run Pricing Efficiency," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(3), pages 587-591.
    40. Jerry A. Sharples, 1969. "The Representative Farm Approach to Estimation of Supply Response," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(2), pages 353-361.
    41. Mark J. Cochran & Lindon J. Robison & Weldon Lodwick, 1985. "Improving the Efficiency of Stochastic Dominance Techniques Using Convex Set Stochastic Dominance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(2), pages 289-295.
    42. William Lin & G. W. Dean & C. V. Moore, 1974. "An Empirical Test of Utility vs. Profit Maximization in Agricultural Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(3), pages 497-508.
    43. Robert A. Collins & Peter J. Barry, 1986. "Risk Analysis with Single-Index Portfolio Models: An Application to Farm Planning," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(1), pages 152-161.
    44. Luther G. Tweeten & C. Leroy Quance, 1969. "Positivistic Measures of Aggregate Supply Elasticities: Some New Approaches," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(2), pages 342-352.
    45. Gary E. Bond & Stanley R. Thompson, 1985. "Risk Aversion and the Recommended Hedging Ratio," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(4), pages 870-872.
    46. Jean-Marc Boussard, 1971. "Time Horizon, Objective Function, and Uncertainty in a Multiperiod Model of Firm Growth," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(3), pages 467-477.
    47. David K. Lambert & Bruce A. McCarl, 1985. "Risk Modeling Using Direct Solution of Nonlinear Approximations of the Utility Function," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(4), pages 846-852.
    48. John M. Antle, 1983. "Sequential Decision Making in Production Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 282-290.
    49. Joyce T. Chen, 1971. "A Linear Alternative to Quadratic and Semivariance Programming for Farm Planning under Uncertainty: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(4), pages 662-664.
    50. George D. Irwin, 1968. "Whither Supply Elasticity?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 761-763.
    51. Marcia Glenn & Ralph Lattimore, 1983. "Canadian to Grain Acreage Response Storage Subsidies," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 31(2), pages 245-248, July.
    52. B. J. Morzuch & R. D. Weaver & P. G. Helmberger, 1980. "Wheat Acreage Supply Response under Changing Farm Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(1), pages 29-37.
    53. Antle, John M., 1983. "Sequential Decision Making in Production Models," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279107, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    54. Seamus J. Sheehy & R. H. McAlexander, 1965. "Selection of Representative Benchmark Farms for Supply Estimation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 681-695.
    55. Yoshihiro Maruyama, 1972. "A Truncated Maximin Approach to Farm Planning under Uncertainty with Discrete Probability Distributions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 192-200.
    56. J. P. Houck & M. E. Ryan, 1972. "Supply Analysis for Corn in the United States: The Impact of Changing Government Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 184-191.
    57. P. B. R. Hazell & P. L. Scandizzo, 1974. "Competitive Demand Structures under Risk in Agricultural Linear Programming Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(2), pages 235-244.
    58. Robert P. King & Lindon J. Robison, 1981. "An Interval Approach to Measuring Decision Maker Preferences," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(3), pages 510-520.
    59. R. P. Zentner & C. A. Campbell & D. W. L. Read & C. H. Anderson, 1984. "An Economic Evaluation of Crop Rotations in Southwestern Saskatchewan," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 32(1), pages 37-54, March.
    60. Scott E. Atkinson & Adams Richard M. & Thomas D. Crocker, 1985. "Optimal Measurement of Factors Affecting Crop Production: Maximum Likelihood Methods," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(2), pages 414-418.
    61. Karl D. Meilke, 1976. "Acreage Response to Policy Variables in the Prairie Provinces," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 572-577.
    62. Rulon Pope & Jean-Paul Chavas & Richard E. Just, 1983. "Economic Welfare Evaluations for Producers under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 98-107.
    63. Richard E. Just & David Zilberman, 1985. "Risk Aversion, Technology Choice, and Equity Effects of Agricultural Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(2), pages 435-440.
    64. Joyce T. Chen & C. B. Baker, 1974. "Marginal Risk Constraint Linear Program for Activity Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(3), pages 622-627.
    65. Kenneth F. Harling & Thomas F. Funk, 1987. "Competitive Strategy for Farm Supply and Grain Elevator Business," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(5), pages 1047-1055.
    66. K. J. Thomson & P. B. R. Hazell, 1972. "Reliability of Using the Mean Absolute Deviation to Derive Efficient E,V Farm Plans," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(3), pages 503-506.
    67. Steven T. Buccola, 1981. "The Supply and Demand of Marketing Contracts under Risk," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(3), pages 503-509.
    68. Wilson, Paul N. & Eidman, Vernon R., 1983. "An Empirical Test Of The Interval Approach For Estimating Risk Preferences," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(2), pages 1-13, December.
    69. Rulon D. Pope, 1982. "Expected Profit, Price Change, and Risk Aversion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(3), pages 581-584.
    70. Houck, James P. & Ryan, Mary E., 1972. "Supply Analysis For Corn In The United States: The Impact Of Changing Government Programs," Staff Papers 13554, University of Minnesota, Department of Applied Economics.
    71. Rulon D. Pope, 1981. "Supply Response and the Dispersion of Price Expectations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 161-163.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Unterschultz, James R. & Jeffrey, Scott R. & Quagrainie, Kwamena K., 2000. "Value-Adding 20 Billion By 2005: Impact At The Alberta Farm Gate," Project Report Series 24049, University of Alberta, Department of Resource Economics and Environmental Sociology.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aradhyula, Satheesh Venkata, 1989. "Policy structure, output supply and input demand for US crops," ISU General Staff Papers 198901010800009909, Iowa State University, Department of Economics.
    2. Torkamani, Javad & Hardaker, J. Brian, 1996. "A study of economic efficiency of Iranian farmers in Ramjerd district: an application of stochastic programming," Agricultural Economics, Blackwell, vol. 14(2), pages 73-83, July.
    3. 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.
    4. David J. Pannell, 1991. "Pests and pesticides, risk and risk aversion," Agricultural Economics, International Association of Agricultural Economists, vol. 5(4), pages 361-383, August.
    5. 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.
    6. Anderson, Jock R., 1975. "Programming For Efficient Planning Against Non-Normal Risk," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(2), pages 1-14, August.
    7. Pannell, David J. & Nordblom, Thomas L., 1998. "Impacts of risk aversion on whole-farm management in Syria," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(3), pages 1-21.
    8. Jeon, Jong-Pyeong, 1989. "The impacts of policy alternatives and foreign demand fluctuations on the US rice market," ISU General Staff Papers 1989010108000010204, Iowa State University, Department of Economics.
    9. Eidman, V., 1989. "Quantifying and managing risk in agriculture," 1989 Annual Conference, September 25-27, Bloemfontein, South Africa 314723, Agricultural Economics Association of South Africa (AEASA).
    10. 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.
    11. Koo, Won W. & Lehman, James R., 1984. "Effects of Government Programs on Corn, Soybeans, and Wheat Production in the U.S," Agricultural Economics Reports 23141, North Dakota State University, Department of Agribusiness and Applied Economics.
    12. Just, Richard E., 2003. "Risk research in agricultural economics: opportunities and challenges for the next twenty-five years," Agricultural Systems, Elsevier, vol. 75(2-3), pages 123-159.
    13. Rasmussen, Svend, 2003. "Criteria for optimal production under uncertainty. The state-contingent approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(4), pages 1-30.
    14. Kanlaya J. Barr & Bruce A. Babcock & Miguel A. Carriquiry & Andre M. Nassar & Leila Harfuch, 2011. "Agricultural Land Elasticities in the United States and Brazil," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 33(3), pages 449-462.
    15. Just, Richard E., 1992. "Discovering Microeconomic Relationships in Agriculture," 1992 Conference (36th), February 10-13, 1992, Canberra, Australia 146530, Australian Agricultural and Resource Economics Society.
    16. Torkamani, Javad, 2005. "Using a whole-farm modelling approach to assess prospective technologies under uncertainty," Agricultural Systems, Elsevier, vol. 85(2), pages 138-154, August.
    17. Umanath Malaiarasan & R. Paramasivam & K. Thomas Felix & S. J. Balaji, 2020. "Simultaneous equation model for Indian sugar sector," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 22(1), pages 113-141, June.
    18. van Zyl, J. & Groenewald, J. A., 1986. "A Comparison Of Certain Decision-Making Techniques Under Risk - An Empirical Investigation Of Maize Cultivar Selection," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 25(1), February.
    19. Kingwell, Ross, 1996. "Programming models of farm supply response: The impact of specification errors," Agricultural Systems, Elsevier, vol. 50(3), pages 307-324.
    20. Pannell, David J., 1988. "Modelling Risk in Linear Programming Using Direct Solution of Linearly Segmented Approximations of the Utility Function," Discussion Papers 315423, University of Western Australia, School of Agricultural and Resource Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaacwp:244030. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/agrgvca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.