Wheat Acreage Supply Response under Changing Farm Programs

B. J. Morzuch; R. D. Weaver; P. G. Helmberger

doi:10.2307/1239469

Wheat Acreage Supply Response under Changing Farm Programs

B. J. Morzuch, R. D. Weaver, P. G. Helmberger

Agricultural Economics, Sociology and Education

Research output: Contribution to journal › Article › peer-review

24 Scopus citations

Abstract

Planted wheat acreage supply elasticities are estimated for each of several leading wheat-producing states. Estimates of elasticities for the aggregate of these states are 0.77, 0.45, and 0.52 for spring wheat, winter wheat, and ali wheat, respectively, but there is considerable heterogeneity among states. Acreage allotments and marketing quotas appear to have destroyed the role of prices in allocating acreage between wheat and other crops during the years 1950 and 1954–64. Estimates were obtained using multiple regression analysis of time-series data for the period 1948–74. This period was subdivided in order to take account of changing farm programs.

Original language	English (US)
Pages (from-to)	29-37
Number of pages	9
Journal	American Journal of Agricultural Economics
Volume	62
Issue number	1
DOIs	https://doi.org/10.2307/1239469
State	Published - Feb 1980

All Science Journal Classification (ASJC) codes

Agricultural and Biological Sciences (miscellaneous)
Economics and Econometrics

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abstract = "Planted wheat acreage supply elasticities are estimated for each of several leading wheat-producing states. Estimates of elasticities for the aggregate of these states are 0.77, 0.45, and 0.52 for spring wheat, winter wheat, and ali wheat, respectively, but there is considerable heterogeneity among states. Acreage allotments and marketing quotas appear to have destroyed the role of prices in allocating acreage between wheat and other crops during the years 1950 and 1954–64. Estimates were obtained using multiple regression analysis of time-series data for the period 1948–74. This period was subdivided in order to take account of changing farm programs.",

author = "Morzuch, {B. J.} and Weaver, {R. D.} and Helmberger, {P. G.}",

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Wheat Acreage Supply Response under Changing Farm Programs

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