Hostname: page-component-78c5997874-m6dg7 Total loading time: 0 Render date: 2024-11-02T22:24:14.543Z Has data issue: false hasContentIssue false
  • English
  • Français

A Simultaneous Equation Approach to Production Response: Delta Region

Published online by Cambridge University Press:  28 April 2015

J. B. Penn  and
George D. Irwin
J. B. Penn
Affiliation:
Farm Production Economics Division, ERS, USDA, stationed atPurdue University
George D. Irwin
Affiliation:
Farm Production Economics Division, ERS, USDA, stationed atPurdue University
Get access Rights & Permissions [Opens in a new window]

Extract

Soybeans occupy the unique position of common denominator in crop production for much of the Eastern half of the U.S. The interdependence between the soybean economy and those of corn, cotton, and rice means that policy changes directed toward one crop can have very decided effects upon the others.

Effective policy and program decisions need continuing research as input in formulating and evaluating these decisions. Detailed analyses of inter- and intraregional interdependence among crops, and of production alternatives involving soybeans, are especially needed because it is no longer certain that an expanding demand will provide a safety valve for soybean and related commodity programs [4,9].

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 3 , Issue 1 , December 1971 , pp. 115 - 121
Copyright
Copyright © Southern Agricultural Economics Association 1971

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1.Cochrane, W. F., “Conceptualizing the Supply Relation in Agriculture,” J of Farm Econ., Vol. 37, No. 5, Dec. 1955.CrossRefGoogle Scholar
2.Colyer, Dale, “Analytical Methods in the Study of Milk Supply,” proceedings of a seminar in Demand and Supply Andy sis Tools in Dairy Price and Income Policy, Ohio State Univ., 1969.Google Scholar
3.Heady, E. O., and Rao, V. Y., Acreage Response and Production Supply Functions for Soybeans, Res. Bui 555, Iowa State Univ., Sept. 1967.Google Scholar
4.Hieronymus, T. A., “Soybeans: End of an Era?” Illinois Agricultural Econ., Vol. 9, No. 2, July 1969.CrossRefGoogle Scholar
5.Houck, J. P., and Mann, J. S., An Analysis of Domestic and Foreign Demand for U.S. Soybeans and Soybean Products, Tech. Bui. 256, Minnesota Agr. Exp. Sta., 1968.Google Scholar
6.Houck, J. P., and Subotnik, A. S., “A Dynamic Supply and Demand Model of the Markets for U.S. Soybeans and Their Products,” unpublished manuscript, University of Minnesota, Oct. 1969.Google Scholar
7.Nerlove, M., “Distributed Lags and Estimation of Long-Run Supply and Demand Elasticities: Theoretical Considerations,” J.of Farm Econ., Vol. XL, No. 2, May 1958.Google Scholar
8.Parks, Richard W., “Systems of Demand Equations: An Empirical Comparison of Alternative Functional Forms,” Econometrica, Vol. 37, No. 4, Oct. 1969.CrossRefGoogle Scholar
9.Penn, J. B., “Toward an Information System for Guiding Research in the Soybean Production Economy,” paper presented to Southern Agri. Econ. Assn. Meetings, Feb. 1970.CrossRefGoogle Scholar
10.Vandenborre, R. J., An Econometric Analysis of the Markets for Soybean Oil and Soybean Meal, Tech. Bui. 723, Illinois Agri. Exp. Sta., 1967.Google Scholar
11.Vernon, J. M., Rives, N. W., and Naylor, T. H., “An Econometric Model of the Tobacco Industry,” Review of Economics and Statistics, Vol. LI, No. 2, May 1969.Google Scholar
12.Wellford, Dabney S., Cotton Programs of the Federal Government: 1929-1967, Info. Ser., National Cotton Council of America, July 1968.Google Scholar