Impacts of the PIK Program on the Farm Machinery Market

Fred Kuchler and Harry Vroomen

Journal of Agricultural Economics Research, 1987, vol. 39, issue 3, 10

Abstract: Many analysts have claimed the record number of crop acres taken out of production in 1983 as a result of the Payment-in-Kind (PIK) program affected the already dechnmg sales offarm tractors The authors use intervention analysis, a particular form of a transfer function, to model and test for hypothesized changes in processes Three time senes (two two-wheel drive monthly sales classifications and one four-wheel drive sales classification).were modeled· as unwariate Autoregressive-Integrated-Moving-Average (ARIMA) processes These models were modified to incorporate the expected form of the PIK effects Results showed that PIK stgmficantly reduced unit sales of four-wheel drive tractors, but there was no statistical evidence of reduced sales for two-wheel drive tractors

Keywords: Agribusiness; Farm Management; Financial Economics (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:136865

DOI: 10.22004/ag.econ.136865

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