Benefits transfer refers to the use of existing benefit estimates in a different, but similar context as compared to the original study which generated the benefit estimates. Benefits transfer techniques include fixed value transfer, expert opinion, and value estimator models. Although benefits...

Simulation methods are used to measure the expected differentials between the Mean Square Errors of the forecasts from models based on temporally disaggregated versus aggregated data. This allows for novel comparisons including long-order ARMA models, such as those expected with weekly data,...

This paper presents a dynamic crop rotation model that shows how crop yield and price volatility could impact crop mix and acreage response under crop rotation considerations. Specifically, a discrete Markov decision model is utilized to optimize producers’ crop rotation decision within a...

Agriculture’s strong financial performance is projected to ease in 2012, with declines for all three measures of sector earnings. •Net farm income is forecast to fall to $91.7 billion in 2012, down 6.5 percent from the 2011 forecast, but still the second highest nominal value on record....