An Examination of Major Crop Acreage Response

R. L. Walker and J. B. Penn

Journal of Agricultural and Applied Economics, 1975, vol. 7, issue 1, 55-61

Abstract: In recent years, several studies have examined acreage response of major crops to various economic, technical, and institutional stimuli. These studies focused primarily upon the influence of government farm programs on producers' production decisions. While the influence of government programs has recently diminished and market forces are more direct determinants, this less stable situation has likely increased informational needs on potential production response. Previously developed response models require updating, additional refinement, or reformulation for continued usefulness in the current situation.

Date: 1975
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