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Wheat Acreage Response: Investigation a Regional Econometric Investigation

Published online by Cambridge University Press:  28 April 2015

Kenneth W. Bailey  and
Abner W. Womack
Kenneth W. Bailey
Affiliation:
Department of Agricultural and Applied Economics, University of Minnesota
Abner W. Womack
Affiliation:
Department of Agricultural Economics, University of Missouri-Columbia
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Abstract

An econometric model of planted wheat acreage was estimated for five distinct production regions in the United States. This structural investigation represents an update of previous published work with specific attention given to policy program variables, weather, production cost, risk, market price influences, and program participation. Estimated results indicated regional divergence in responsiveness to government program variables. The most significant divergence occurred in the Cornbelt and Southeast—soft red winter wheat areas. Results indicate that management of the wheat program from the USDA level will contain countervailing production incentives unless these regional characteristics are taken into consideration in policy directives.

Keywords

regional supplyeconometricspolicyprogram participation
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 17 , Issue 2 , December 1985 , pp. 171 - 180
Copyright
Copyright © Southern Agricultural Economics Association 1985

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