Crop Supply Response under Risk: Impacts of Emerging Issues on Southeastern U.S. Agriculture

Yan Liang, J. Corey Miller, Ardian Harri and Keith Coble

Journal of Agricultural and Applied Economics, 2011, vol. 43, issue 2, 14

Abstract: 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.

Keywords: Crop Production/Industries; Production Economics (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (10)

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Journal Article: Crop Supply Response under Risk: Impacts of Emerging Issues on Southeastern U.S. Agriculture (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:104615

DOI: 10.22004/ag.econ.104615

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