THE ROLE OF UNCERTAINTY IN THE AGRICULTURAL OUTPUT MARKET IN ACREAGE ALLOCATION DECISIONS

Young-Jae Lee and P. Lynn Kennedy

No 142130, 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida from Southern Agricultural Economics Association

Abstract: This study seeks to determine the workings of a system of acreage allocation given price and yield uncertainty so as to identify the role that uncertainty in market output has in acreage allocation decisions.

Keywords: Crop Production/Industries; Demand and Price Analysis; Land Economics/Use; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 20
Date: 2013-02
New Economics Papers: this item is included in nep-agr and nep-cdm
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea13:142130

DOI: 10.22004/ag.econ.142130

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