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.

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Year of publication:	1996
Authors:	Parrott, Scott D. ; McIntosh, Christopher S.
Published in:	Journal of Agricultural and Applied Economics. - Southern Agricultural Economics Association - SAEA. - Vol. 28.1996, 01
Publisher:	Southern Agricultural Economics Association - SAEA
Subject:	Adaptive regression \| Cotton acreage response \| Price expectations \| Crop Production/Industries

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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