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Regional Cotton Acreage Response

Published online by Cambridge University Press:  28 April 2015

Patricia A. Duffy ,
James W. Richardson  and
Michael K. Wohlgenant
Patricia A. Duffy
Affiliation:
Department of Agricultural Economics and Rural Sociology, Auburn University
James W. Richardson
Affiliation:
Department of Agricultural Economics, Texas A&M University
Michael K. Wohlgenant
Affiliation:
Department of Economics and Business, North Carolina State University
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Abstract

An econometric model of cotton acreage response was estimated for four distinct production regions in the United States. This work builds on previous work in the area of supply response under government farm programs and provides up-to-date regionalized estimates of own-price elasticity of cotton acreage supply. The own-price variable used in this study is a weighted combination of expected market price and government policy variables. Results indicate regional similarity in response to own price but differences with respect to the prices of alternative enterprises. Differences in regional response to paid diversion are also indicated.

Keywords

cottonsupply responsegovernment programs
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 19 , Issue 1 , July 1987 , pp. 99 - 110
Copyright
Copyright © Southern Agricultural Economics Association 1987

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