NONCONSTANT PRICE EXPECTATIONS AND ACREAGE RESPONSE: THE CASE OF COTTON PRODUCTION IN GEORGIA

An adaptive regression model is used to examine the relative importance of cash and government support prices in determining cotton production over time. The results show that the cash price is more important as a source of price information for cotton producers than the government program price. The cash price was shown to have a greater influence on acreage response in every year, including periods thought to be dominated by government commodity programs.


Issue Date:
1996-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15235
Published in:
Journal of Agricultural and Applied Economics, Volume 28, Number 1
Page range:
203-210
Total Pages:
8




 Record created 2017-04-01, last modified 2017-08-23

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