An Empirical Evaluation of the Triple Base Program in Corn

Abraham Subotnik and Abner W. Womack

Review of Agricultural Economics, 1993, vol. 15, issue 1, 143-155

Abstract: The triple base program that was instituted by the 1990 Farm Bill is a significant departure from previous programs. Hence, current acreage response models are not generally suitable for evaluating the effects of the new program. This article shows how an existing acreage supply model that was estimated using data prior to the introduction of the triple base program can be modified in order to approximate the effects of the new program on corn acreage. The outcome in corn acreage for the years 1987 to 1990 if the triple base program would have been in effect is compared to the actual data.

Date: 1993
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