This paper illustrates a new methodology for finding preferred action choice(s) under uncertainty for well-defined classes of decision-makers The methodology does not replace the expected utility maximizing rule, which has been used to identify preferred action choices; rather it extends the...

This paper illustrates a new methodology for finding preferred action choice(s) under uncertainty for well-defined classes of decision-makers The methodology does not replace the expected utility maximizing rule, which has been used to identify preferred action choices; rather it extends the...

Data on lending activities of major farm real estate ienders are summarized. The loan data show the amount of loans made and repaid during each year as well as the amount outstanding at the beginning of each year. The interest rate data show the contractual rates charged on new loans during each...

The use of animal traction as a source of on-farm power has often been regarded as a logical and appropriate approach for improving Sahelian agriculture. Animal power, it is argued, enables the farmer to execute timelier agricultural operations and to overcome the seasonal labor constraints...

In Switzerland it is common for the farm businesses to be transferred within the family because the law provides that the heir can purchase the business at its investment value. The investment value is arrived at by an income capitalization approach. The investment values of farm businesses are...

Compilation of 2000 outlook articles written by faculty in the Department of Agricultural Economics at Michigan State University covering issues such as the economy, farm policy, commodity prices and production, farm income, and farm input supplies.