Title

Supply and Demand Functions for Multiproduct U.S. Cash Grain Farms: Biases Caused by Research and Other Policies

Campus Units

Economics

Document Type

Article

Publication Version

Submitted Manuscript

Publication Date

8-1989

Journal or Book Title

American Journal of Agricultural Economics

Volume

71

Issue

3

First Page or Article ID Number

761

Last Page

773

DOI

10.2307/1242032

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.