Supply Response of Crops in the Southeast
Type of DegreeThesis
Agricultural Economics and Rural Sociology
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A model was used to estimate the supply response of corn, cotton, and soybeans in the Southeast United States. The analysis includes state-level data from 1991-2005 in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia along with wealth, revenue risk, and policy variables. The results indicate that cross-commodity variables, wealth, truncated net returns, and farm policy affect acreage decisions made by producers.