The 1993 adverse weather and floods in the midwestern United States caused enormous damage. Apart from the impacts to urban areas, most the ponding and flood damage in the Upper Midwest occurred on farmland with significant effects on agricultural yields and production. Although public officials...

This paper provides a critical overview of the most striking problems in the 1994 version of the U.S. crops model. No model is ever perfect; however, as agricultural policies change and more data become available, the model can be improved. As we enter the 1995 Farm Bill debate, it becomes...

An econometric model of acreage planted in Iowa was developed to assess the weekly impacts of changing economic conditions on acreage distribution among crops. The results indicate that the producer takes into account changes in yield expectations and prices in determining final planting...

Researchers evaluate the profitability of planting flood-tolerant crops in flood plains relative to traditional row crops under different assumptions concerning flood frequency and the level of government crop subsidy. Short rotation woody crops and herbaceous energy crops are evaluated for two...

On July 27, 1993 a multidisciplinary committee was formed at Iowa State University to provide preliminary estimates for the economic effects of the 1993 floods on Iowa's agricultural enterprises. This report summarizes the committee's initial estimates of the losses by broad economic category;...

We assess the impact of a potential TTIP bilateral free trade agreement on the EU and US bio-economies (feedstock, biofuels, by-products, and related competing crops) and major trade partners in these markets. The analysis develops a multi-market model that incorporates bilateral trade flows (US...

Many decisions in agriculture are made over combinations of inputs and/or practices that may be complements. The presence of complementarity among producer decisions can have deep implications for market outcomes and for the effectiveness of policies intended to influence them. Identifying...

Rate setting procedures for United States crop yield and revenue insurance contracts employ methods that presume correlations to be state invariant. Whether this is true matters. If yield-yield correlations strengthen when crops are subject to widespread stress, then diversification...

Abstract: A parsimonious demand modeling approach has been developed for the annual USDA-ERS International Food Security Assessment. The approach incorporates price effects, food quality variation across income deciles, and consistent aggregation over income deciles and food qualities. The...

Abstract: We assess the literature on public and private quality standards and their impact in food markets, international trade, and global supply chains. We focus on their effects on welfare, trade, industrial organization, and labor markets and with special attention to the North-South...