Supply Response of U.S. Sorghum Acreage to Goyernment Programs

Mary E. Ryan and Martin E. Abel

Journal of Agricultural Economics Research, 1973, vol. 25, issue 02, 11

Abstract: This paper uses a model previously developed for empirical evaluation of the impact of commodity price-support programs on corn acreage (sec J. P. Houck and M. E. Ryan, "Supply Analysis for Corn in the United States ....," Amer. Jour. Agr. Econ. 54: May 1972) to evaluate the impact of pricesupport programs on sorghum acreage. The policy variables used to represent the effeet of price-support programs on sorghum acreage are highly significant The model also appears to be useful for prediction purposes. Actual aeres planted to sorghum in 1972 were 17.4 million. Several of the estimating equations developed in this paper provided forecasts of planted sorghum acreage for 1972 in the range of 17.1 to 18.0 million acres.

Keywords: Land Economics/Use; Political Economy; Production Economics (search for similar items in EconPapers)
Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:147101

DOI: 10.22004/ag.econ.147101

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