The impact of crop losses on the U.S. economy are analyzed using a Computable General Equilibrium (CGE) Model. In doing so, concerns about widespread crop losses due to a global climate change or environmental event are addressed. The CGE approach allows for analysis of the interactions between...

The model analyzed represents circumstances as faced by a grain farmer when his harvest is known and he is making storage and hedging decisions. The scope of the analysis is limited in several respects. A one-period model is employed; only a limited number of options are recognized; and...

The analysis is concerned with a producer who has three alternative marketing outlets for a seasonal perishable product. He can sell in a spot market when production is completed, he can contract for future delivery at a fixed price, he can plan to deliver on the spot market while holding a...

The purpose of this paper is to estimate the cost structures and resource productivities involved in production of four major U.S. field crops and to estimate the distribution among producers of benefits from production related technology. These field crops include corn, soybeans, wheat and...

A great deal of attention has been devoted in the last two decades to assessing the economic consequences of agricultural research. The biotechnology revolution (see, for example, Hueth and Just, 1986; Kalter and Tauer, 1986) may provide a further stimulus to study of the size and distribution of...

Economic analysis of the process of technical change has often involved macro-level studies of its causes and consequences. Relatively little attention has been given to the, more fundamental knowledge generation process itself. This stems in large part from the real difficulties of obtaining...

The purpose of developing new crop technology is generally to increase yields per unit of land and to reduce costs per unit of product. A rather elaborate' methodology has been developed to measure the rates of return from such investments, principally involving ex post analysis. Improvements to...