Crop Choice and Rotational Effects: A Dynamic Model of Land Use in Iowa in Recent Years

Yongjie Ji, Sergey Rabotyagov and Catherine Kling

No 170366, 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota from Agricultural and Applied Economics Association

Abstract: A dynamic land use model, more specifically a dynamic discrete choice model, is developed in this paper to model Iowa farmers' crop choice decisions in recent years based on the newly released field-scale cropland data layers by National Agricultural Statistics Service. We explicitly consider the dynamic effects naturally arising in the corn/soybean crop system and estimate the model using the conditional choice probability method. Compared to static models, dynamic land use models perform relatively better. The dynamic models produce significantly different arc elasticity than the static model in a policy scenario when the corn price increases by 10 percent.

Keywords: Land Economics/Use; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 44
Date: 2014
New Economics Papers: this item is included in nep-agr and nep-dcm
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea14:170366

DOI: 10.22004/ag.econ.170366

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