A conceptual and empirical framework for estimating the effects of dairy advertising on farm prices and producer returns is developed The model consists of an industry-derived demand equation for milk linking advertising and government purchase. to farm price, and a government purchases equation...

This paper examines off-farm labor supply effects of farm mechanization. The conceptual framework in the paper suggests positive effect of farm mechanization on farm operator’s off-farm labor supply. The paper uses adoption of tractor as proxy measure of farm mechanization and utilizes a...

The objective of this study is to evaluate and model the risks of corn and soybean production. This study focuses on the risk of revenue variability that arises from changes in prices, yields shortfalls or both. There are several models for price and yield risk factors for corn and soybeans. For...

Favorable weather and the adoption of Genetically Modified (GM) cornhybrids are often argued to be factors that explain recent corn yield increasesand risk reduction in the U.S. Corn Belt. The focus of this analysisis to determine whether favorable weather is the main factor explainingincreased...

Grain prices have risen sharply since 2005 and 2006 affecting livestock markets by increasingfeed prices and leading to significant volatility shocks. The high price levels and magnitude ofsustained high volatilities has raised concerns for many sectors of the economy, in particularthose with...

We evaluate relationships among time allocation decisions for farm operators and their spouses and endogenous farm structure. We consider two aspects of farm structure{ farm scale, represented by acreage operated and harvested, and farm scope, which is represented by an index of diversification....

The objective of this study is to evaluate and model the risks of corn and soybean production. This study focuses on the risk of revenue variability that arises from changes in prices, yields shortfalls or both. There are several models for price and yield risk factors for corn and soybeans. For...

Wind-borne diseases can spread rapidly and cause large losses. Producers may have little incentive to prevent disease spread because prevention may not be welfare-maximizing. This study proposes a market-based mitigation program that indemnifies producers against disease-related losses and...

Grain prices have risen sharply since 2005 and 2006 affecting livestock markets by increasing feed prices and leading to significant volatility shocks. The high price levels and magnitude of sustained high volatilities has raised concerns for many sectors of the economy, in particular those with...