Authors
Yan Liang, J Corey Miller, Ardian Harri, Keith H Coble
Publication date
2011
Journal
Journal of Agricultural and Applied Economics
Volume
43
Issue
2
Pages
181-194
Description
In this paper we consider factors that affect both crop prices and yields in order to examine supply responses of major crops in the Southeast. Due to the variable nature of crop production in the Southeast, previous studies that ignore price and yield risk may fail to capture one of the salient features of the region’s agriculture. Our results indicate supply elasticity values for corn, cotton, and soybeans of approximately 0.670, 0.506, and 0.195, respectively. Compared with the results of studies in other regions, corn and cotton acres respond more to price changes and soybean acres respond less to price changes.
Total citations
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Scholar articles
Y Liang, JC Miller, A Harri, KH Coble - Journal of Agricultural and Applied Economics, 2011