Globally Flexible Modeling of County-Level Acreage Response for Primary U.S. Field Crops

Joseph Cooper () and Carlos Arnade

No 103240, 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania from Agricultural and Applied Economics Association

Abstract: This study takes the standard acreage response model that stems from an expected utility framework, accounting for both price and yield variability, and nests it within a flexible semi-nonparametric (SNP) model consistent with farm-level decision models for computationally tractable results. We use county-level data to estimate the response of farmers’ planting preferences to changes in revenue and other variables.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Farm Management; Land Economics/Use; Production Economics; Research Methods/Statistical Methods; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 10
Date: 2011
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea11:103240

DOI: 10.22004/ag.econ.103240

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