dynamic model of acreage allocation with general and crop-specific soil capital
We develop an empirically tractable model of acreage allocation decisions in which farmers consider impacts of current crop production on future soil productivity. Because of the soil productivity effects, future crop prices are shown to affect current acreage allocations. Government programs which...
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| Veröffentlicht in: | American journal of agricultural economics 1994-08, Vol.76 (3), p.385-395 |
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| container_title | American journal of agricultural economics |
| container_volume | 76 |
| creator | Orazem, P.F Miranowksi, J.A |
| description | We develop an empirically tractable model of acreage allocation decisions in which farmers consider impacts of current crop production on future soil productivity. Because of the soil productivity effects, future crop prices are shown to affect current acreage allocations. Government programs which alter farmers' expectations of future crop prices relative to current prices also alter farmers' consideration of soil productivity effects of current acreage allocations. Reduced form and structural versions of our model are shown to yield reasonable parameter estimates. |
| doi_str_mv | 10.2307/1243651 |
| format | Article |
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Reduced form and structural versions of our model are shown to yield reasonable parameter estimates.</description><identifier>ISSN: 0002-9092</identifier><identifier>EISSN: 1467-8276</identifier><identifier>DOI: 10.2307/1243651</identifier><identifier>CODEN: AJAEBA</identifier><language>eng</language><publisher>Menasha, Wis: Oxford University Press</publisher><subject>acreage ; acreage allocation ; Agricultural economics ; Agricultural production ; Agricultural soils ; capital ; Corn ; Crop economics ; crop production ; Crop rotation ; Crops ; decision making ; dynamic models ; Economic models ; farm management ; farmers' attitudes ; Hay ; land productivity ; land resources ; Oats ; price expectations ; price formation ; Q120 ; Q150 ; resource allocation ; soil capital ; Soil productivity ; Soil quality ; Soils ; Soybeans ; Supply ; supply elasticities ; time series analysis</subject><ispartof>American journal of agricultural economics, 1994-08, Vol.76 (3), p.385-395</ispartof><rights>Copyright 1994 American Agricultural Economics Association</rights><rights>1994 Agricultural and Applied Economics Association</rights><rights>Copyright American Agricultural Economics Association Aug 1994</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c4951-31d113cf68f64053e4f9ae52f12a9f3a6cf73901918349139d916f28ac040ba43</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/1243651$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/1243651$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,776,780,799,27846,27901,27902,57992,58225</link.rule.ids></links><search><creatorcontrib>Orazem, P.F</creatorcontrib><creatorcontrib>Miranowksi, J.A</creatorcontrib><title>dynamic model of acreage allocation with general and crop-specific soil capital</title><title>American journal of agricultural economics</title><addtitle>American Journal of Agricultural Economics</addtitle><description>We develop an empirically tractable model of acreage allocation decisions in which farmers consider impacts of current crop production on future soil productivity. Because of the soil productivity effects, future crop prices are shown to affect current acreage allocations. Government programs which alter farmers' expectations of future crop prices relative to current prices also alter farmers' consideration of soil productivity effects of current acreage allocations. 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quality</subject><subject>Soils</subject><subject>Soybeans</subject><subject>Supply</subject><subject>supply elasticities</subject><subject>time series analysis</subject><issn>0002-9092</issn><issn>1467-8276</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1994</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><recordid>eNp10NFqFDEUBuBBFFxb8QUEBwW9mpqTZJLJ5VJq11LphbaKN-GYSdas2cmYzNLu2zcypQWhVyH83x9OTlW9AnJEGZEfgXImWnhSLYAL2XRUiqfVghBCG0UUfV69yHlTrgRUt6gu-v2AW2_qbextqKOr0SSLa1tjCNHg5ONQX_vpd722g00Yahz62qQ4Nnm0xrtSzdGH2uDoJwyH1TOHIduXd-dBdfnp5Nvxqjm_OP18vDxvDFctNAx6AGac6JzgpGWWO4W2pQ4oKsdQGCeZKiNCx7gCpnoFwtEODeHkF3J2UL2f3x1T_LuzedJbn40NAQcbd1mzTpJWSFng2__gJu7SUGbTlDGQBCgU9O4xBFSJVghOSVEfZlW-n3OyTo_JbzHtNRD9b_f6bvdFklle-2D3jzG9PFuePFRez5VNnmJ6qNzHzRz7PNmb-xjTHy0kk61e_fipVfvl6jtdrfRV8W9m7zBqXCef9eVXSoAR4Ip3hLFbWsCiiA</recordid><startdate>199408</startdate><enddate>199408</enddate><creator>Orazem, P.F</creator><creator>Miranowksi, 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Because of the soil productivity effects, future crop prices are shown to affect current acreage allocations. Government programs which alter farmers' expectations of future crop prices relative to current prices also alter farmers' consideration of soil productivity effects of current acreage allocations. Reduced form and structural versions of our model are shown to yield reasonable parameter estimates.</abstract><cop>Menasha, Wis</cop><pub>Oxford University Press</pub><doi>10.2307/1243651</doi><tpages>11</tpages></addata></record> |
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| identifier | ISSN: 0002-9092 |
| ispartof | American journal of agricultural economics, 1994-08, Vol.76 (3), p.385-395 |
| issn | 0002-9092 1467-8276 |
| language | eng |
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| source | Jstor Complete Legacy; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Business Source Complete; Oxford University Press Journals Digital Archive Legacy; Periodicals Index Online |
| subjects | acreage acreage allocation Agricultural economics Agricultural production Agricultural soils capital Corn Crop economics crop production Crop rotation Crops decision making dynamic models Economic models farm management farmers' attitudes Hay land productivity land resources Oats price expectations price formation Q120 Q150 resource allocation soil capital Soil productivity Soil quality Soils Soybeans Supply supply elasticities time series analysis |
| title | dynamic model of acreage allocation with general and crop-specific soil capital |
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