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Several past studies used time series data to estimate price elasticities of demand for fertilizer or nutrient use on all crops in the United States or by region. In this study, demand functions for nitrogen, phosphorous and potassium applied per acre of corn, wheat and soybeans in the United...
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Information on efficient regional patterns of agricultural production can be useful in devising policies for adjustments in farming that are consistent with modern conditions and concepts of economic development. Such knowledge can also indicate the amount and location of land to be withdrawn...
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In many analyses of profit maximization, attention is directed to large herds and specialization in milk production. Why then do some farmers persist in keeping small dairy herds even when prices for Grade B milk become quite low? This article shows that even with relatively low prices for milk...
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