caa a22 4500 388054654 CHVBK 20180307125102.0 cr unu---uuuuu 161130e199807 xx s 000 0 eng 10.1017/S1074070800008014 doi S1074070800008014 pii (NATIONALLICENCE)cambridge-10.1017/S1074070800008014 Estimating Price Variability in Agriculture: Implications for Decision Makers [Elektronische Daten] [Daryll E. Ray, James W. Richardson, Daniel G. De La Torre Ugarte, Kelly H. Tiller] Using a stochastic version of the POLYSYS modeling framework, an examination of projected variability in agricultural prices, supply, demand, stocks, and incomes is conducted for corn, wheat, soybeans, and cotton during the 1998-2006 period. Increased planting flexibility introduced in the 1996 farm bill results in projections of significantly higher planted acreage variability compared to recent historical levels. Variability of ending stocks and stock-to-use ratios is projected to be higher for corn and soybeans and lower for wheat and cotton compared to the 1986-96 period. Significantly higher variability is projected for corn prices, with wheat and soybean prices also being more variable. No significant change in cotton price variability is projected. Copyright © Southern Agricultural Economics Association 1998 Implications of Changing Agricultural Policy for the South nationallicence POLYSYS model nationallicence price variability nationallicence stochastic simulation nationallicence Ray Daryll E. University of Tennessee Agricultural Policy Analysis Center aut Richardson James W. Department of Agricultural Economics, Texas A&M University aut De La Torre Ugarte Daniel G. University of Tennessee Agricultural Policy Analysis Center aut Tiller Kelly H. University of Tennessee Agricultural Policy Analysis Center aut Journal of Agricultural and Applied Economics Cambridge University Press 30/1(1998-07), 21-33 1074-0708 30:1<21 1998 30 AAE https://doi.org/10.1017/S1074070800008014 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S1074070800008014 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Ray Daryll E. University of Tennessee Agricultural Policy Analysis Center aut NATIONALLICENCE 700 1- Richardson James W. Department of Agricultural Economics, Texas A&M University aut NATIONALLICENCE 700 1- De La Torre Ugarte Daniel G. University of Tennessee Agricultural Policy Analysis Center aut NATIONALLICENCE 700 1- Tiller Kelly H. University of Tennessee Agricultural Policy Analysis Center aut NATIONALLICENCE 773 0- Journal of Agricultural and Applied Economics Cambridge University Press 30/1(1998-07), 21-33 1074-0708 30:1<21 1998 30 AAE CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge