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Farm Level Corn Acreage Response Estimation

Published online by Cambridge University Press:  05 September 2016

Perry J. Nutt ,
Michael R. Reed  and
Jerry R. Skees
Perry J. Nutt
Affiliation:
Department of Agricultural Economics, University of Kentucky
Michael R. Reed
Affiliation:
Department of Agricultural Economics, University of Kentucky
Jerry R. Skees
Affiliation:
Department of Agricultural Economics, University of Kentucky
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Abstract

This study reports results of an acreage supply equation using individual farm data and develops implications for bias introduced by use of aggregate data. The analysis shows that use of aggregate acreage response models underestimates the absolute value of price elasticities and the lagged adjustment process. Further, aggregated analyses cannot incorporate some variables found to be important in explaining from level acreage response.

Keywords

acreage responseaggregation biasindividual farms
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 18 , Issue 2 , December 1986 , pp. 1 - 6
Copyright
Copyright © Southern Agricultural Economics Association 1986

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