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Agricultural Land Elasticities in the United States and Brazil

Kanlaya J. Barr, Bruce Babcock (), Miguel Carriquiry, Andre Nasser and Leila Harfuch

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: The elasticity of aggregate supply of cropland is one key to understanding the degree to which policy-induced increases in demand for biofuel feedstocks or agricultural CO2 offsets will result in higher prices or expanded crop production. We report land supply elasticities for the United States and Brazil estimated directly from recent changes in planted crop acreage and estimated changes in expected returns. The resulting aggregate implied land-use elasticities with respect to price are quite inelastic in the United States and Brazil elasticities have declined sharply in recent years. The estimated elasticities imply that current estimates of land-based CO2 emissions from biofuels expansion may be overstated

Date: 2011-07-25
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Related works:
Working Paper: Agricultural Land Elasticities in the United States and Brazil (2012)
Working Paper: Agricultural Land Elasticities in the United States and Brazil (2012)
Journal Article: Agricultural Land Elasticities in the United States and Brazil (2011) Downloads
Journal Article: Agricultural Land Elasticities in the United States and Brazil (2011) Downloads
Working Paper: Agricultural Land Elasticities in the United States and Brazil (2010) Downloads
Working Paper: Agricultural Land Elasticities in the United States and Brazil (2010) Downloads
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