Geographical Diversification in Agriculture: An Applied Case to Western U.S. Wheat Growers

Ryan Larsen (), James W. Mjelde, Danny A. Klinefelter and Jared L. Wolfley

No 46819, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: Yield correlations between 380 different counties are calculated for non-irrigated wheat. Using this data, a function is estimated that shows the relationship between correlation and changes in geographic and climate data. In addition movement variables are included added to the specification to capture the impact of moving from one production region to another. A negative relationship was found between changes in latitude, longitude, precipitation, elevation, and temperature. Correlations and longitude and precipitation showed downward sloping concave relationship, whereas correlations and latitude showed downward sloping convex relationships. Changes in latitude and longitude are found to have greatest impact on correlation with elasticities of -1.54 and -1.

Keywords: Agribusiness; Crop Production/Industries; Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 30
Date: 2009
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeana:46819

DOI: 10.22004/ag.econ.46819

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