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Modeling The U.S. Grains Programs: A Microeconomic Approach

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  • Tsigas, Marinos E.
  • Hertel, Thomas W.
  • Preckel, Paul V.

Abstract

A framework is presented for analyzing the impact of U.S. grains programs. The model's advantages are its endogenous treatment of the participation decision, the recognition of producer heterogeneity, and consistency with microeconomic theory. The estimated model predicts that the 1986 freeze on program yields for wheat increased returns to land.

Suggested Citation

  • Tsigas, Marinos E. & Hertel, Thomas W. & Preckel, Paul V., 1990. "Modeling The U.S. Grains Programs: A Microeconomic Approach," 1990 Annual meeting, August 5-8, Vancouver, Canada 270990, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea90:270990
    DOI: 10.22004/ag.econ.270990
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    References listed on IDEAS

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    1. John M. Antle, 1984. "The Structure of U.S. Agricultural Technology, 1910–78," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(4), pages 414-421.
    2. Ash, Mark S. & Lin, William, 1987. "Regional Crop Yield Response for U.S. Grains," Agricultural Economic Reports 308033, United States Department of Agriculture, Economic Research Service.
    3. V. Eldon Ball, 1988. "Modeling Supply Response in a Multiproduct Framework," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(4), pages 813-825.
    4. Seeley, Ralph, 1985. "Price Elasticities From The Iiasa World Agriculture Model," Staff Reports 277684, United States Department of Agriculture, Economic Research Service.
    5. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
    6. 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.
    7. Salathe, Larry E. & Price, J. Michael & Gadson, Kenneth E., 1982. "The Food and Agricultural Policy Simulator," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 34(02), pages 1-15, April.
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