Soybean producers participate in a checkoff program to support research and market development activities. Checkoff funds are used for both yield-enhancing and cost-reducing production research. Using USDA cost-of-production data and a regional modeling framework with greater model pretest...

Because so much agricultural policy analysis utilizes estimates of supply and demand elasticities, it is crucial to obtain the most reliable estimates possible. Where reliability cannot be adequately assessed, the sensitivity of elasticities to equally plausible a priori specifications should at...

We construct a stochastic dynamic dual model to investigate the structural adjustment of two aggregate output and three aggregate input categories in US agriculture under stochastic climatic change. More than a century of national annual data (1910–2011) is used in the empirical analysis. No...