Estimating the Effect of Government Programs on the Supply of Wheat in the United States

Bernard F. Neenan and David Blandford

No 183829, Staff Papers from Cornell University, Department of Applied Economics and Management

Abstract: Acreage functions for wheat, incorporating variables that reflect the value of voluntary acreage diversion programs to producers, are estimated fro 1962-76. The elasticities of response to such programs are generally low in comparison to those for market price, indicating that the reduction of production through voluntary diversion is relatively expensive.

Keywords: Crop Production/Industries; Land Economics/Use (search for similar items in EconPapers)
Pages: 14
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudasp:183829

DOI: 10.22004/ag.econ.183829

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