Leister, Amanda M.; Lee, John G.; Paarlberg, Philip P. - Agricultural and Applied Economics Association - AAEA - 2013
This study investigates the long term adjustments to drought by crop and livestock sectors using a dynamic partial … highly disaggregated livestock production sectors in tandem with observed and projected quarterly data on U.S. drought … result in model predicted crop price increases that cause livestock inventory reductions due to reduced expected future …