PROGRAM AND NONPROGRAM WHEAT ACREAGE RESPONSES TO PRICES AND RISK

Jung-Hee Lee · Won Whe Koo

17 citations0/0 files storedRePEc: Research Papers in Economics

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Agricultural economics and policies Economics of Agriculture and Food Markets Agricultural Economics and Policy

Abstract

Wheat acreage responses to expected wheat price and price risk are reversed for program and nonprogram-planted acreage in the northern plains, central plains, southern plains, and U.S. Expected wheat price has a strong negative effect on program-complying wheat acreage. Government support prices have a positive effect on program-complying and program-planted acreage. Price risk has a positive effect on program-complying wheat acreage and a negative effect on nonprogram-planted acreage. Estimated price elasticities are higher than in studies where risk was ignored.

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1990Acreage Decisions Under Risk: The Case of Corn and Soybeans 1985Estimating Supply Response in the Presence of Farm Programs 1980Wheat Acreage Supply Response under Changing Farm Programs 1976Analyzing the Impact of Gevernment Programs on Crop Acreage 1985WHEAT ACREAGE RESPONSE: A REGIONAL ECONOMETRIC INVESTIGATION 1992Regional Acreage Response For U.S. Corn and Wheat: The Effects Of Government Programs

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