Premium
An Empirical Evaluation of the Triple Base Program in Corn
Author(s) -
Subotnik Abraham,
Womack Abner W.
Publication year - 1993
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.2307/1349718
Subject(s) - base (topology) , business , computer science , mathematics , mathematical analysis
The triple base program that was instituted by the 1990 Farm Bill is a significant departure from previous programs. Hence, current acreage response models are not generally suitable for evaluating the effects of the new program. This article shows how an existing acreage supply model that was estimated using data prior to the introduction of the triple base program can be modified in order to approximate the effects of the new program on corn acreage. The outcome in corn acreage for the years 1987 to 1990 if the triple base program would have been in effect is compared to the actual data.