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A stochastic computer simulation model is used to estimate disaster payments under the Agriculture and Consumer Protection Act of 1973. The model uses a random yield generator and actuarial techniques. Simulated payments under 1976 program parameters and stochastic yields are estimated at $300...
Persistent link: https://www.econbiz.de/10010919734
Very little is known about changes in the demand characteristics of food in New Zealand. As far as we can determine, there has never been a complete disaggregated food demand model estimated for New Zealand. The object of this paper is to update these estimates using more recent data to see...
Persistent link: https://www.econbiz.de/10008800844
Based on results from a national survey, this study examines how farm households say that they used (or would use) government transfers distributed in the form of direct fixed payments. In addition, the study examines what factors best explain farm household decisions regarding how fixed payment...
Persistent link: https://www.econbiz.de/10005500213
Chapter 12, a special section in the bankruptcy code enacted in 1986 in response to the farm financial crisis, will expire on October 1, 1998. It has succeeded in keeping some farmers in business and has encouraged informal lender-farmer settlements out of court. But it has increased costs by...
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We analyze the effects of crop insurance and the Marketing Loan Program on optimal nitrogen use and acreage allocation for a case cotton-sorghum farm in Texas. A mathematical programming model is used to simulate the optimal nitrogen fertilizer rate, crop acreage allocation, coverage level, and...
Persistent link: https://www.econbiz.de/10005500360
This study compares two panel data sets that measure capital input at the state-level in U.S. agriculture. Despite a number of similarities between the data sets, such as the composition of assets, aggregation procedures, and time frame, an examination of the final estimates of capital service...
Persistent link: https://www.econbiz.de/10005500392