A sample of Kansas farms was used to examine the impact of risk and specialization on mean financial performance. Mean financial performance was hypothesized to be influenced by risk, age of the operator, percentage of acres owned, financial efficiency, leverage, specialization, and farm size....

Environmental policies make a difference in shaping producers' choices among dairy production technologies, the sizes and locations of their dairies, and even which dairies ultimately survive. Induced policy innovation means producers reacting to policies, and policies, in turn, being shaped by...

Research has developed empirical models and procedures for analyzing factors which influence rural land markets; however, there have been limited efforts in developing procedures for identifying rural land submarkets. Principal component analysis is used here to detect the presence of multiple...

Recently many state and federal agencies in the U.S. have embraced an ecosystems management approach to environmental protection and regulation. This approach requires a high degree of cooperation between natural and social scientists to translate policy objectives into research hypotheses,...

In the fields of agriculture and resource economics, good economics is predicated by good science. By partnering more with physical scientists, economists will be better able to provide the broad policy-making community with practical recommendations for addressing resource issues. An example of...

Industrialization of the food and agricultural sectors changes the pattern of external effects. Participants helped or harmed in the process attempt to influence outcomes through markets and politics. Decisions about property rights and boundaries determine benefits and burdens and the relative...