Evaluating Incentive Payment Programs Through Aggregate Production Response: The Case of Mohair

James R. Conner, William K. Mathis and Robert R. Wilson

Journal of Agricultural and Applied Economics, 1969, vol. 1, issue 1, 81-90

Abstract: In 1966, leading agricultural economists indicated that production response under changing conditions would be a significant factor in agricultural policy, and recommended that research be directed accordingly. The purpose of this paper is to illustrate the use of production response relationships to indicate the effectiveness of government policy. One commodity for which this approach can be easily demonstrated is mohair, which is included in the National Wool Act and supported by production incentive payments. Thus, the response of mohair producers to changes in expected market price, government policy and other variables is estimated.

Date: 1969
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:1:y:1969:i:01:p:81-90_02

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