The demand for U.S. feed grain is estimated using a six-equation simultaneous model. Four different utilizations of feed grain and feed grain price as well as the number of animal units fed are estimated. The reduced form of the model is used to provide forecasts of the endogenous variables for...

TECHSIM, a regional field crop and national livestock econometric simulation model, evaluates impacts of technological change Unlike other econometric models specified and constructed in an ad hoc fashion, TECHSIM makes practical use of theory by incorporating a priori information regarding the...

The dairy industry is based on the production of a raw product that is nearly homogeneous— whole milk—on farms geographically scattered, and the disposal of this raw product in alternative forms—fluid milk, cream, manufactured products—and to alternative metropolitan...

U S wheat exports have fallen nearly 20 percent since 1981. Major contributing factors appear to be the strong U S dollar, debt problems m many gram-Importing countries, and mandated support levels providing an umbrella under which U S competitors can produce and sell their grams US subsidies...

Mathematical programming methods are used as a framework to evaluate world food prospects. Emphasis is on analyzing the world grain-oilseeds-livestock economy to capture the interaction of the predominantly cereal economies of the developing world and the livestock economies of the developed...

Social accounting is so new that only a few specialists are fully aware of the associated conceptual problems or the popular confusions that may result from applying the terminology of accounting for private enterprise to given sectors or to the whole of the national economy. This article...

Effects of devaluation are examined for a one-commodity, tworegion case. A percentage change in price of the ()commodity will not exceed a percentage change in the quantity traded of the commodity. A change in quantity traded could be large, even under the assumption that underlying supply and...

Knowledge of the influence of depreciation on the costs of machinery usage is required for such decisions as custom hire vs. ownership of machines and timely replacement. Here, the author is developing a technique for estimating the joint effects of the fixed and variable elements on depreciation.

Official U S Department of Agriculture (USDA)estimates of net farm income, measured in nominal dollars, have fluctuated widely over the past few years When measured in real dollars, net farm income has trended downward, in the aggregate, it approaches the levels of the thirties Far fewer farm...