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THE EFFECT OF GOVERNMENT PROGRAMS ON ACREAGE RESPONSE OVER TIME: THE CASE OF CORN PRODUCTION IN IOWA

Christopher McIntosh and Kamil H. Shideed

Western Journal of Agricultural Economics, 1989, vol. 14, issue 1, 7

Abstract: Corn acreage response in Iowa is examined using a time-varying parameter regression model. Separate estimates of the permanent portion of the parameter vector are obtained for each year over the period 1957-82. The estimated elasticities are grouped into "program" and "nonprogram" periods. The results indicate corn acreage response is more own-price elastics, and the elasticity is less variable under government acreage control programs than under a "nonprogram" regime. The assumption of parameter constancy is shown to be inappropriate for modeling Iowa corn acreage response over time.

Keywords: Agricultural and Food Policy; Crop Production/Industries (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32462

DOI: 10.22004/ag.econ.32462

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