Acreage responses to expected revenues and price risk for minor oilseeds and program crops in the northern plains

Wheat, barley, flaxseed, and oilseed sunflower acreage respond to different economic variables. Wheat and barley acreage must be divided among program-complying, program-planted, and nonprogram-planted acreage because these categories respond to different variables and respond to own expected-revenu...

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Veröffentlicht in:Journal of Agricultural and Resource Economics 1996-12, Vol.21 (2), p.309-324
Hauptverfasser: Krause, M.A. (North Dakota State University.), Koo, W.W
Format: Artikel
Sprache:eng
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Zusammenfassung:Wheat, barley, flaxseed, and oilseed sunflower acreage respond to different economic variables. Wheat and barley acreage must be divided among program-complying, program-planted, and nonprogram-planted acreage because these categories respond to different variables and respond to own expected-revenue and price-risk variables in opposite ways. Flaxseed, sunflower, and nonprogram-planted acreage of wheat and barley have highly significant, positive responses to their own expected revenue and negative responses to their own-price risk. Flaxseed and sunflower acreage have been more responsive to their lagged values than to expected revenues for wheat.
ISSN:1068-5502
2327-8285
DOI:10.22004/ag.econ.31028