Knowledge of the benefits and costs to water users is required for a complete assessment of policies to create incentives for water-quality improving changes in agricultural production. A number of benefit estimation methods are required to handle the varying nature of water quality effects....

Selected Paper prepared for presentation at the Agricultural & Applied Economics Association's 2012 AAEA Annual Meeting, Seattle, Washington, August 12-14, 2012. This research was supported by a cooperative agreement with U.S. Department of Agriculture, the Economic Research Service. We thank...

In 2008, wheat futures prices spiked and then crashed along with prices for other agricultural and nonagricultural commodities. Market observers offered several theories to explain this common movement, or comovement, in prices, and have proposed policies to address the perceived problem of...