This study reports results of an acreage supply equation using individual farm data and develops implications for bias introduced by use of aggregate data. The analysis shows that use of aggregate acreage response models underestimates the absolute value of price elasticities and the lagged...

This study examines grain sorghum storage decisions in the Texas Coastal Bend region. Decisions involving use and non-use of outlook information are compared using stochastic dominance criteria. Results indicate outlook information is of value to most classes of decision-makers. The value of...