Work

Program and Nonprogram Wheat Acreage Responses to Prices and Risk

Year: 1995

Type: article

Abstract: Wheat acreage responses to expected wheat price and price risk are reversed for program and nonprogram-planted acreage in the northern plains, central plains, southern plains, and U.S. Expected wheat price has a strong negative effect on program-complying wheat acreage. Government support prices have a positive effect on program-complying and program-planted acreage. Price risk has a positive effect on program-complying wheat acreage and a negative effect on nonprogram-planted acreage. Estimated price elasticities are higher than in studies where risk was ignored.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.30930

Authors: Krause, Mark A., Lee, Jung-Hee, Koo, Won W.

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

OpenAlex ID: W2117253267

FWCI: 3.591

Cites: 12

Cited by: 17

Related to: 10