Supply and Demand Functions for Multiproduct U.S. Cash Grain Farms: Biases Caused by Research and Other Policies
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Date
1989-08-01
Authors
Huffman, Wallace
Evenson, Robert
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Economics
Abstract
This study presents new estimates of supply and demand elasticities for U.S. multiproduct cash grain farms and estimates of input and output bias effects caused by public and private crop research, extension, and farmers' schooling. The study also shows that the social rate of return to public crop research is large—about 62 percent.
Comments
This is a staff paper of an article from American Journal of Agricultural Economics 71 (1989): 761, doi: 10.2307/1242032.