The paper presents a spatio-temporal statistical model of agricultural yield prediction based on spatial mixtures of distributions. The proposed method combines several hierarchical and sequential Bayesian estimation procedures that allow the general problem to be addressed with a series of...

A study completed in 1994 showed substantial potential to increase revenue through supply management of Southeastern sweet onions. We revisit the potential for supply management of Southeastern sweet onions in a recent study covering the period 1998-2008. We find that the industry has grown...

The economic performance and development prospects of many developing countries are largely dependent on commodity exports. The heavy dependence of such countries on a few commodities has an adverse economic impact. Coffee provides a particularly important share of the export earnings of many...

Using optimization techniques in a simulation framework, this study demonstrates the synergy between risk balancing and alternative strategies in effectively reducing risk under changing farm conditions. Highly risk-averse farmers tend to prefer integrated risk-management plans, based on the...

Simulation-optimization techniques are employed to analyze changes in farmland control arrangements as a result of using different constructs of intertemporal risk behavior. Risk behavior based on constant absolute risk aversion (CARA) and constant relative risk aversion (CRRA) mean-standard...

Using longitudinal panel farm-level data, this study finds that income variability may be materially influenced by farm size. Econometric results suggest that policy analyses and other considerations of the distributional effects of, and response to, income variability for commercial scale...

This study uses the sustainable growth rate model to investigate, measure, and analyze sustainable growth rates and trends for Illinois farmers. Results of farm-level econometric analyses indicate the relevance of the sustainable growth paradigm in explaining most farm financial decisions made...