How sensitive are crop yields to price changes and farm programs?
1993
Choi, J.S. | Helmberger, P.G.
A two-stage approach is used to estimate sensitivity of corn, wheat, and soybean yields to changes in prices and land idled. Estimated elasticity of demand for fertilizer per acre with respect to expected output price equals 0.47, 0.10, and 0.82 for corn, wheat, and soybeans. Upper estimates of the elasticity of yield with respect to fertilizer equals 0.58, 0.29, and O.16 for corn, wheat, and soybeans. Yields are found to be quite insensitive to price changes. Fertilizer demands and yields are insensitive to land idled under farm programs.
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书目信息
Journal of agricultural and applied economics
卷
25
期
1
页码
237
- 244
ISSN
1074-0708
其它主题
Land policy; Governmental programs and projects; Corn
语言
英语
类型
Journal Article; Text
2024-02-28
MODS