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Supply Response of Crops in the Southeast

Author

Listed:
  • Smith, Rachel K.
  • Duffy, Patricia A.
  • Novak, James L.
  • Wilson, Norbert L.W.

Abstract

An econometric model was used to estimate the supply response of corn, cotton, and soybeans in the Southeast United States. The analysis includes state-level data from 1991-2005 for Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia, taking into account the effect of wealth, revenue risk, and farm program provisions. Estimated elasticities were low and many parameters were not statistically significant.

Suggested Citation

  • Smith, Rachel K. & Duffy, Patricia A. & Novak, James L. & Wilson, Norbert L.W., 2009. "Supply Response of Crops in the Southeast," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46756, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeana:46756
    DOI: 10.22004/ag.econ.46756
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    References listed on IDEAS

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    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. William Lin & Robert Dismukes, 2007. "Supply Response under Risk: Implications for Counter-Cyclical Payments' Production Impact," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(1), pages 64-86.
    3. Nelson, Frederick J. & Schertz, Lyle P., 1996. "Provisions of the Federal Agriculture Improvement and Reform Act of 1996," Agricultural Information Bulletins 262104, United States Department of Agriculture, Economic Research Service.
    4. 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.
    5. Duffy, Patricia A. & Shalishali, Kasazi & Kinnucan, Henry W., 1994. "Acreage Response Under Farm Programs For Major Southeastern Field Crops," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(2), pages 1-12, December.
    6. Lin, William & Riley, Peter & Evans, Sam, 1995. "Feed Grains: Background for 1995 Farm Legislation," Agricultural Economic Reports 262020, United States Department of Agriculture, Economic Research Service.
    7. Glade Jr., Edward H. & Meyer, Leslie & MacDonald, Stephen, 1995. "Cotton: Background for 1995 Farm Legislation," Agricultural Economic Reports 262018, United States Department of Agriculture, Economic Research Service.
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    Keywords

    Agricultural and Food Policy;

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