IDEAS home Printed from https://ideas.repec.org/p/ags/uerser/308036.html
   My bibliography  Save this paper

Excess Capacity in U.S. Agriculture: An Economic Approach to Measurement

Author

Listed:
  • Dvoskin, Dan

Abstract

This report measures excess capacity in U.S. agriculture, which is defined as the difference between potential supply of farm output (actual production plus potential output from acreage reduction programs) and commercial demand (total use adjusted for noncommercial exports) at prevailing prices. The study method enables analysts to assess and estimate excess capacity since 1940. Excess agricultural capacity has been increasing since 1979. The value of excess capacity in 1986 ($12.5 billion) exceeded the previous peak in the sixties, the result of greater agricultural output and a sharp decline in agricultural exports after 1981.

Suggested Citation

  • Dvoskin, Dan, 1988. "Excess Capacity in U.S. Agriculture: An Economic Approach to Measurement," Agricultural Economic Reports 308036, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:308036
    DOI: 10.22004/ag.econ.308036
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/308036/files/aer580.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.308036?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. Brandow, G.E., 1974. "American Agriculture'S Capacity To Meet Future Demands," 1974 Annual Meeting, August 18-21, College Station, Texas 284555, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. G. E. Brandow, 1974. "American Agriculture's Capacity to Meet Future Demands," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(5), pages 1093-1102.
    3. Tyner, Fred H. & Tweeten, Luther G., 1964. "Excess Capacity in U.S. Agriculture," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 16(1), pages 1-9, January.
    4. Weisgerber, P., 1969. "Productivity of Diverted Cropland," Miscellaneous Publications 321941, United States Department of Agriculture, Economic Research Service.
    5. Ericksen, Milton, 1976. "Use of Land Reserves to Control Agricultural Production," Miscellaneous Publications 329880, United States Department of Agriculture, Economic Research Service.
    6. Chung J. Yeh & C. Leroy Quance & Luther G. Tweeten, 1977. "U.S. Agricultural Production Capacity," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(1), pages 37-48.
    7. Spielmann, Heinz, 1977. "Capacity Measurement In The U.S. Agricultural And Nonagricultural Sectors: A Literature Review," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 29(2), pages 1-10, April.
    8. Cotner, M. L. & Skold, M. D. & Krause, O., 1975. "Farmland: Will There Be Enough?," Miscellaneous Publications 327291, United States Department of Agriculture, Economic Research Service.
    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. Johnson, D. Gale, 1988. "Target Prices in the United States: A Reform that Failed the Political Test," 1988 Conference, August 24-31, 1988, Buenos Aires, Argentina 183139, International Association of Agricultural Economists.
    2. Zulauf, Carl, . "An Evolving Path to Declining US Crop Acres," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 11(131).
    3. Goetz, Stephan J., 1993. "On the Existence of Stable Equilibria in Agriculture," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 25(1), pages 208-216, July.
    4. Makki, Shiva S. & Thraen, Cameron S. & Tweeten, Luther G., 1999. "Returns to American Agricultural Research: Results from a Cointegration Model," Journal of Policy Modeling, Elsevier, vol. 21(2), pages 185-211, March.
    5. Gale, H. Frederick, Jr., 1990. "Econometric Analysis Of Farmer Participation In The Dairy Termination Program In North Carolina And Virginia," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(1), pages 1-9, July.

    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. Quance, Leroy & Plato, Gerald E. & Smith, Allen, 1977. "U.S. Agricultural Outlook Update And Projections For The West To 1985 And 2000," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 1(1), pages 1-14, June.
    2. Knutson, Ronald D. & Smith, Edward G. & Richardson, James W. & Shirley, Christina, 0. "Maximizing Efficiency In Agriculture," Increasing Understanding of Public Problems and Policies, Farm Foundation.
    3. Lu, Yao-chi & Cline, Philip & Quance, Leroy, 1979. "Prospects for Productivity Growth in U.S. Agriculture," Agricultural Economic Reports 307753, United States Department of Agriculture, Economic Research Service.
    4. Boggess, William Glenn, 1979. "Development and application of an interregional separable programming model of United States agriculture in 1985," ISU General Staff Papers 197901010800008192, Iowa State University, Department of Economics.
    5. Purcell, Joseph C., 1976. "A Prospectus For Research On The Agricultural Potential Of The South," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 8(1), pages 1-7, July.
    6. Irwin, George D. & Sharples, Jerry A. & Berry, John H., 1970. "Part-Farm General Cropland Retirement: Effects Of Some Alternative Program Specifications," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 2(1), pages 1-5, December.
    7. Pagoulatos, Angelos & Timmons, John F., 1977. "Alternative Scenarios Of Energy Use In U.S. Crop Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 9(2), pages 1-8, December.
    8. Santana, Carlos Augusto M. & Adams, Richard M., 1981. "Projected Cropland Requirements And Land Availability For Major U.S. Production Regions," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 6(1), pages 1-14, July.
    9. Norton, Nancy Anders, 1986. "The Effect Of Acreage Reduction Programs On The Production Of Corn, Wheat, And Cotton: A Profit Function Approach," 1986 Annual Meeting, July 27-30, Reno, Nevada 278421, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Teigen, Lloyd D., 1988. "Agricultural Policy, Technology Adoption, and Farm Structure," Staff Reports 278118, United States Department of Agriculture, Economic Research Service.
    11. K. L. Robinson, 1975. "Unstable Farm Prices: Economic Consequences and Policy Options," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(5), pages 769-777.
    12. Brandow, G.E., 1977. "PART III. Policy for Commerical Agriculture, 1945-71," AAEA Monographs, Agricultural and Applied Economics Association, number 337215, january.
    13. Langley, James A. & Price, J. Michael, 1985. "Implications of Alternative Moving Average Loan Rates," Agricultural Economic Reports 307994, United States Department of Agriculture, Economic Research Service.
    14. Tweeten, Luther, 1977. "Agricultural And Rural Data," AAEA Miscellaneous Paper Archive 283657, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Love, H. Alan & Foster, William E., 1990. "Commodity Program Slippage Rates For Corn And Wheat," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(2), pages 1-10, December.
    16. Victor Lapshin & Marat Kurbangaleev, 2013. "A joint non-parametric approach to the decomposition of bond yields and CDS spreads: application of Eurozone market data," HSE Working papers WP BRP 13/FE/2013, National Research University Higher School of Economics.
    17. Ericksen, Milton, 1976. "Use of Land Reserves to Control Agricultural Production," Miscellaneous Publications 329880, United States Department of Agriculture, Economic Research Service.
    18. Brandow, George E., 1977. "Policy for Commercial Agriculture, 1945-71," A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics 1940s to 1970s,, Agricultural and Applied Economics Association.

    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:uerser:308036. 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/ersgvus.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.