An empirical application of the output allocation model for major U.S. crops

Manhong Zhu, Gulcan Onel and James Seale ()

No 205300, 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California from Agricultural and Applied Economics Association

Abstract: How much major crop supplies are affected by output and input prices are important questions for food security concerns. Agricultural policies in the U.S. focus on supporting output prices with relatively little attention to input prices. However, crop productions seem to react sensitively to input price changes. Therefore, linking input and output markets in models of supply response is crucial since farmers’ planting decisions are based on the joint effect from the two markets.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Food Consumption/Nutrition/Food Safety; Food Security and Poverty (search for similar items in EconPapers)
Pages: 2
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea15:205300

DOI: 10.22004/ag.econ.205300

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