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Northeast Soybean Acreage Response Using Expected Net Returns
Published online by Cambridge University Press: 10 May 2017
Abstract
Expected prices and expected net returns from cropping activities are used to estimate soybean acreage response in the Northeast. Futures prices and lagged cash prices constitute proxies for price expectations. Expected net returns appear as good or better than expected prices for estimating acreage response. Short-run and long-run elasticities of soybean acreage with respect to expected net returns from soybeans are estimated as 0.5 and 1.6 for the northeast region. Soybean acreage appears less responsive to changes in expected net returns than to expected changes in prices.
- Type
- Articles
- Information
- Northeastern Journal of Agricultural and Resource Economics , Volume 20 , Issue 1 , April 1991 , pp. 33 - 41
- Copyright
- Copyright © 1991 Northeastern Agricultural and Resource Economics Association
Footnotes
The authors thank Nathan Childs, Joseph Glauber, Stephanie Mercier, Loren Tauer, and two anonymous NJARE reviewers for helpful comments and suggestions, and James Langley for commodity and program data.
The views expressed are the authors’ and do not necessarily represent those of the Economic Research Service or the U.S. Department of Agriculture.
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