This study examines the profitability and stability of site-specific (SS) nitrogen fertilizer recommendations using an empirical model of SS yield response to controlled inputs, stable site characteristics, and time-varying weather factors. Using a three-year panel of on-farm corn yield...

We study a farmer's decision to convert traditional cropland into land for growing dedicated energy crops, taking into account sunk conversion costs and uncertainties in crop returns. The optimal decision rules differ significantly from the expected net present value rule, which ignores...