This research shows that a portfolio of wheat varieties could enhance profitability and reduce risk over the selection of a single variety for Kansas wheat producers. Many Kansas wheat farmers select varieties solely based on published average yields. This study uses portfolio theory from...

The objective of this study is to determine the likely changes in the domestic and international trade policies in wheat markets, and the consequent market impact. A two-nation, two-firm model is developed for a homogeneous good in two markets. The model is a three-stage noncooperative game,...

Grain supply is the joint effect of both area and yield; however, research often targets either one or the other. The research presented here estimates the complete supply elasticity of grains using novel approaches to approximate producers’ price and weather expectations on both yield and...

Climate change is likely to significantly impact agricultural production in the Great Plains region of the Central United States. This study estimated the impact of changes in temperature and precipitation on wheat (triticum aestivum) variety yield distributions using the moment-based maximum...