This article reviews economic and accounting bases for costs-of-production (COP) calculations It finds that the problems of circularity of arguments, potential cost� price spirals, and escalating land values are Inherent m all full COP methods of setting support prices Inflation, Income tax...

With the growing competition for Federal dollars, the land grant universities were asked to justify their budget to the Congress and the Office of Management and Budget using benefitcost analysis. The authors review previous studies of returns to agricultural research and present an analysis of...

Current concepts and procedures used by the U S Department of Agriculture (USDA) to estimate farm enterprise costs of production are Inadequate for describing economic conditions of various producer groups The 1981 Agriculture and Food Act gives USDA greater flexibility In estimating production...

The objective of this study was to estimate some economic values of Mud Lake, a managed, lacustrine wetland on the Minnesota-South Dakota border. Several outputs of Mud Lake were identified and an economic value was estimated for each. Flood control was valued at approximately $440 per acre,...

This report presents the effects of alternative crop and soil management systems on annual soil losses and revenues by land class and by farm in the Muskrat Lake Watershed, Mountrail County of North Dakota.