This study examines the risk management opportunities for fluid milk market participants in the United States through the use of milk futures contracts. We estimate the nature of basis risk from 2002–2011 using modern time-series and econometric techniques. The results of this investigation...

The long-term impact of research, education, and various government support programs on U.S. agricultural productivity was analyzed using an error correction model. Results indicate that the proposed reduction in commodity program expenditures (e.g. 1996 Farm Bill) is unlikely to reduce...

The changes brought about by the new professional contract (1990) and the NHS reforms of 1991 are creating larger general practices which increasingly are seen as ‐ and see themselves as ‐ small businesses. As such the performance of practices will depend in part on their being able to...