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Regional Acreage Response For U.S. Corn and Wheat: The Effects Of Government Programs

Published online by Cambridge University Press:  09 September 2016

Duncan M. Chembezi  and
Abner W. Womack
Duncan M. Chembezi
Affiliation:
Food and Agricultural Policy Research Institute (FAPRI), Department of Agricultural Economics, University of Missouri-Columbia
Abner W. Womack
Affiliation:
Food and Agricultural Policy Research Institute (FAPRI), Department of Agricultural Economics, University of Missouri-Columbia
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Abstract

This paper presents findings from an analytical scheme that offers a promising alternative to traditional procedures of modeling acreage response. The scheme addresses the two-step decision process in which program and nonprogram planting decisions are modeled separately, conditional on the decision to participate. This provides a more realistic and intuitive portrayal of producers' decision making process. The model is applied at the regional level to assess the impact of farm programs on acreage response for corn in the Cornbelt and Lake States, and for wheat in the Northern Plains. The impacts of policy variable changes on participation and planted acreage are also analyzed.

Keywords

acreage responsegovernment programsprogram participation
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 24 , Issue 1 , July 1992 , pp. 187 - 198
Copyright
Copyright © Southern Agricultural Economics Association 1992

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