Rural credit and agricultural supply in Brazil | Land Portal
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Informações sobre recurso

Date of publication: 
Dezembro 2012
Resource Language: 
ISBN / Resource ID: 

The objective of this study is to determine the financing impact of total expenditure on the use of agriculture inputs (fertilizers, labor, and pesticides), and the output of cotton, rice, beans, corn, soybean, and wheat in Brazil. We study the period 1976–2005. The analysis is based on duality applied to the production theory. The output supplies and conditioned input demands are estimated from a translog multi‐output, multi‐input restricted profit function, where the total production credit is used as proxy of the total expenditure. Farmer expectations with respect to crop prices are incorporated to the estimation based on the quasi‐rational expectation model. The output and input responses to the total expenditure are positive and statistically significant except for cotton, wheat, fertilizer, and pesticides. The short‐run output supply response to own prices is inelastic, except for wheat, which presents elastic response to its price. Acreage has a positive impact on the output supply and it is influenced by land productivity. The main conclusion is that farmers face budget restrictions to purchase inputs, and a government credit program might increase the agricultural supply.

Autores e editores

Author(s), editor(s), contributor(s): 
de Castro, Eduardo Rodrigues Teixeira, Erly Cardoso

Wiley-Blackwell is the international scientific, technical, medical, and scholarly publishing business of John Wiley & Sons. It was formed by the merger of John Wiley's Global Scientific, Technical, and Medical business with Blackwell Publishing, after Wiley took over the latter in 2007.[1]

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