Agricultural Land Elasticities in the United States and Brazil

By K. J. Barr, B. Babcock, M. Carriquiry, A. Nasser, Leila Harfuch. 2011

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Exchange Rates, Soybean Supply Response, and Deforestation in South America (2012, background): “Generally, this response is higher in Latin America than in the US, where supplies of unused cropland are more limited (Barr et al., 2011; Swinton et al., 2011).”
Responsiveness of Crop Yield and Acreage to Prices and Climate (2016, unknown): “that use futures prices include Lin and Dismukes (2007), Barr et al. (2011) and Orazem and”
Crop Supply Dynamics and the Illusion of Partial Adjustment (2014, unknown): “Barr et al. (2011) also estimate a small price elasticity of the total acreage of major crops in the United States as a whole.”
The Global Supply and Demand for Agricultural Land in 2050: A Perfect Storm in the Making? AAEA Presidential Address (2010, background): “…area with respect to cropland returns is just 0.025 and 0.033, respectively in these two cases.10 These implied elasticities of land supply are similar in size to the multi-year elasticities calculated by Barr et al. (2010) based on actual US cropland response over the recent commodity boom period.”
Identifying Supply and Demand Elasticities of Agricultural Commodities: Implications for the US Ethanol Mandate (2013, unknown): “Although our land area elasticity for Brazil is comparable to Barr et al. (2010) in magnitude, our estimate for the United States is significantly larger.”