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A THEORETICAL MODEL OF THE MACROLINKAGES
EMPIRICAL ANALYSIS AND MODEL VALIDATION
DYNAMIC POLICY ANALYSIS AND CONCLUSIONS
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acreage actual corn yields aggregate average bottom-up composite forecasts breeding herd Calibrated PPM corn Central District Colorado River consumer price index corn yield forecasts cost Crop Forecast Date crop reporting district dates and actual demand district forecasts econometric elasticity endogenous equation exchange rate exports farm sector five forecast dates Forecast Date Reporting forecasts for five four forecast dates futures market income increase input interest rate inventory Iowa Iowa State University irrigation July 1 Aug legume livestock mean square error monetary policy money supply NASS corn yield NASS forecasts Northeast output percent pig crop plant-process model PPM and NASS PPM corn yield PPM forecasts price index rational expectation ridge regression RMSE Root mean square sample simulation soil South Central survey Table U.S. agriculture U.S. dollar Upper Basin USDA variables weather weights West Central yields by crop yields for 1975