Agricultural production is subject to supply risk. Expected and realized farm outputs and output prices are unknown and unobservable when inputs are chosen. Crop and livestock production decisions are linked over time. Producers expectations are particularly difficult to model. This paper...

From 1998 to 2009 I find that the average time between U.S. households' grocery shopping trips has steadily increased from 4.7 to 6.2 days, and from 1998 to 2006 per capita monthly consumption of fresh fruits and vegetables has decreased from 130 to 112 oz. To understand these changes, a dynamic...