ACREAGE RESPONSES TO EXPECTED REVENUES AND PRICE RISK FOR MINOR OILSEEDS AND PROGRAM CROPS IN THE NORTHERN PLAINS

Krause, Mark A.; Koo, Won W.

ACREAGE RESPONSES TO EXPECTED REVENUES AND PRICE RISK FOR MINOR OILSEEDS AND PROGRAM CROPS IN THE NORTHERN PLAINS

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Descripción

Wheat, barely, flaxseed, and oilseed sunflower acreage respond to different economic variables. Wheat and barely acreage must be divided among program-complying, program-planted, and nonprogram-planted acreage because these categories respond to different variables and respond to own expected-revenue and price-risk variables in opposite ways. Flaxseed, sunflower, and nonprogram-planted acreage of wheat and barley have highly significant, positive responses to their own expected revenue and negative responses to their own-price risk. Flaxseed and sunflower acreage have been more responsive to their lagged values than to expected revenues for wheat.