This study was conducted to determine the value of two monensin supplementation strategies for steers and heifers pastured on fall/winter wheat relative to the value of a freechoice mineral supplement containing no monensin. A second objective was to determine the value of extending the...

Winter wheat can be managed to produce a substantial quantity of high quality fall-winter forage. Wheat producers may lease the grazing rights to livestock producers. This system generates income from both forage and grain, but results in a lower expected grain yield than wheat managed to...

The optimal switchgrass genotype from among 250 alternatives for producing biomass for use in an enzymatic hydrolysis conversion process to produce ethanol was determined. The consequences of the selected genotype, relative to the most common commercially available variety, on ethanol production...

The net present value (NPV) criterion was employed to develop an economic model that can be used to determine if and when it is optimal to replace an existing switchgrass stand with an alternative higher biomass yielding cultivar. Yield data from a randomized field experiment conducted from 1994...

Short-term contracts provide weak incentives for durable input investment if post-contract asset transfer is difficult. Our model shows that when both agents provide inputs, optimal contract length balances the weak incentives of one agent against the other's. This perspective broadens the...

This paper characterizes a set of Nash equilibria in a first-price sealed-bid auction with the right of first refusal using two bidders and asymmetric information regarding the bidders’ value distributions. The equilibria for multiple bidders and a more general value distribution are also...