Life Sciences Commons^™

Wheat And Feed Grains In The Great Plains And Northwest: Supply Response And Resource Use, G. A. Helmers, W. F. Lagrone

Historical Research Bulletins of the Nebraska Agricultural Experiment Station

The basic objective of the research reported here is to estimate supply response with varying product prices for wheat and feed grains. Within a framework of representative farm income maximization, changing product price relationships lead to supply adjustments which are aggregated and expressed as normative supply functions. Another objective is to analyze the resource use and net returns with varying prices for wheat and feed grains. The analysis of resources considers changes in overall levels of resources demanded in response to changing wheat and feed grain prices. Similarly, the analysis of net returns examines differences in net returns in response …