Using the condition data to predict yields is not new and has been applied extensively to predicting harvested yields and production, primarily for corn and soybeans. In a crop such as cotton, where state abandonment rates can vary from 1 to more than 40 percent, estimating harvested area yields directly is problematic. Estimating planted area yields and a separate, non-linear harvesting rate equation produces equation parameters that are more intuitive. The result is a parsimonious pair of equations for each state that use reported crop conditions, planting progress, and annual trend variables to forecast yields, abandonment, and production in a system that is easy to maintain. The paper looks at the performance of such a cotton model, the behavior of crop condition reports throughout the growing season, and a comparison of performance with USDA reports of the same period.
See more of Marketing, Policy, and Trade Paper Session
See more of Cotton Economics and Marketing Conference
See more of The Beltwide Cotton Conferences, January 3-6 2006