Globally Flexible Modeling of County-Level Acreage Response for Primary U.S. Field Crops
Resource information
Date of publication
December 2011
Resource Language
ISBN / Resource ID
AGRIS:US2016203806
This study takes the standard acreage response model that stems from an expected utility framework, accounting for both price and yield variability, and nests it within a flexible semi-nonparametric (SNP) model consistent with farm-level decision models for computationally tractable results. We use county-level data to estimate the response of farmers’ planting preferences to changes in revenue and other variables.