EconPapers    
Economics at your fingertips  
 

Crop Supply Response under Risk: Impacts of Emerging Issues on Southeastern U.S. Agriculture

Yan Liang, J. Corey Miller, Ardian Harri and Keith Coble ()

Journal of Agricultural and Applied Economics, 2011, vol. 43, issue 2, 14

Abstract: In this paper we consider factors that affect both crop prices and yields in order to examine supply responses of major crops in the Southeast. Due to the variable nature of crop production in the Southeast, previous studies that ignore price and yield risk may fail to capture one of the salient features of the region’s agriculture. Our results indicate supply elasticity values for corn, cotton, and soybeans of approximately 0.670, 0.506, and 0.195, respectively. Compared with the results of studies in other regions, corn and cotton acres respond more to price changes and soybean acres respond less to price changes.

Keywords: Crop Production/Industries; Production Economics (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed

Downloads: (external link)
https://ageconsearch.umn.edu/record/104615/files/jaae268.pdf (application/pdf)

Related works:
Journal Article: Crop Supply Response under Risk: Impacts of Emerging Issues on Southeastern U.S. Agriculture (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:104615

DOI: 10.22004/ag.econ.104615

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2021-04-20
Handle: RePEc:ags:joaaec:104615