Document Type
Article
Publication Date
2016
Subject: LCSH
Wheat, Wheat farmers--Kansas, Agricultural productivity--Climatic factors
JEL Classification
Q11, Q50, Q54
Disciplines
Ecology and Evolutionary Biology | Economics
Abstract
This paper studies the effect of climate change on wheat production in Kansas using annual time series data from 1949 to 2014. For the study, an error correction model is developed in which the price of wheat, the price of oats (substitute good), average annual temperature and average annual precipitation are used as explanatory variables with total output of wheat being the dependent variable. Time series properties of the data series are diagnosed using unit root and cointegration tests. The estimated results suggest that Kansas farmers are supply responsive to both wheat as well as its substitute (oat) prices in the short run as well as in the long run. Climate variables; temperature has a positive effect on wheat output in the short run but an insignificant effect in the long run. Precipitation has a positive effect in the short run but a negative effect in the long run.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Repository Citation
Howard, Joshua C.; Cakan, Esin; and Upadhyaya, Kamal, "Climate Change and Its Impact on Wheat Production in Kansas" (2016). Economics & Business Analytics Faculty Publications. 12.
https://digitalcommons.newhaven.edu/economics-facpubs/12
Publisher Citation
Howard, J., Cakan, E., Upadhyaya, K. P. (2016). Climate Change and Its Impact on Wheat Production in Kansas. International Journal of Food and Agricultural Economics, 4(2), 1-10. www.foodandagriculturejournal.com/vol4.no2.pp1.pdf
Comments
International Journal of Food and Agricultural Economics is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 (CC-BY-NC-ND 4.0) International License.