MODELING THE U.S. GRAINS PROGRAMS: A MICROECONOMIC APPROACH

Marinos E. Tsigas, Thomas Hertel and Paul Preckel ()

No 270990, 1990 Annual meeting, August 5-8, Vancouver, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A framework is presented for analyzing the impact of U.S. grains programs. The model's advantages are its endogenous treatment of the participation decision, the recognition of producer heterogeneity, and consistency with microeconomic theory. The estimated model predicts that the 1986 freeze on program yields for wheat increased returns to land.

Keywords: Crop Production/Industries; Land Economics/Use (search for similar items in EconPapers)
Pages: 31
Date: 1990-08-05
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea90:270990

DOI: 10.22004/ag.econ.270990

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