Farm Level Corn Acreage Response Estimation

Perry J. Nutt, Michael Reed and Jerry R. Skees

Journal of Agricultural and Applied Economics, 1986, vol. 18, issue 2, 1-6

Abstract: This study reports results of an acreage supply equation using individual farm data and develops implications for bias introduced by use of aggregate data. The analysis shows that use of aggregate acreage response models underestimates the absolute value of price elasticities and the lagged adjustment process. Further, aggregated analyses cannot incorporate some variables found to be important in explaining from level acreage response.

Date: 1986
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Journal Article: FARM LEVEL CORN ACREAGE RESPONSE ESTIMATION (1986)
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