Production Relationships in South Central Agriculture

Rudolph A. Poison and C. Shumway

Journal of Agricultural and Applied Economics, 1992, vol. 24, issue 2, 121-135

Abstract: Output supplies and input demands were estimated for each of five South Central states. The model structure in each state was based on prior parametric tests of homothetic separability, and estimates were generally consistent with a competitive, profit-maximizing industry. Considerable diversity among states was evident in selected production relationships. These results further document the non-uniform ways in which producers respond to government farm programs and market information.

Date: 1992
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