Understanding how producers make decisions to allot acreage among crops and how decisions about land use are affected by changes in prices and their volatility is fundamental for predicting the supply of staple crops and, hence, assessing the global food supply situation. The innovations of the...

This study investigates the responsiveness of global cropland to changes in output prices and the uncertainty therein. The study provides a global short- and long-term acreage and yield elasticity which hints at how major agricultural commodity producers respond to the recent high food prices...