This paper estimates the relative profitability of using optical reflectance-based measures to predict crop needs for topdress nitrogen application to hard red winter wheat (Triticum aestivum). The data are from nitrogen yield response experiments where midseason optical reflectance data were...

Some extension economists and others recommend profit margin hedging as a way to choose the timing of crop sales. However, the theory behind this strategy recommendation is not well developed. This article determines the producer's utility function and price processes where profit margin hedging...

Much agricultural economics research has been dedicated to determining the best time for producers to sell their commodities. Unlike this past research, we look at how producers actually sell commodities. The extent to which producers display an active or mechanical marketing style is measured...

Agronomic research on crop response to nitrogen fertilizer suggests that a plateau function may be appropriate, but the plateau varies across fields and years. Available models that treat the plateau as a stochastic variable are not readily extendable to handle field or year random effects as...

An agent-based model is developed that matches the results of <xref ref-type="bibr" rid="AAQ033C28">Xia and Sexton (2004)</xref> as well as our generalization of their model. We relax Xia and Sexton's assumption of no supply response by captive feeders, which reduces the price-depressing effect of captive supplies. Finally, the agent-based...

Purpose – The purpose of this paper is to use prediction markets to forecast an agricultural event: United States Department of Agriculture's number of cattle on feed (COF). Prediction markets are increasingly popular forecast tools due to their flexibility and proven accuracy to forecast a...

To maintain an all-volunteer force, military pay levels must be high enough to attract a sufficient quantity and quality of volunteers. Congress's commitment to maintaining such pay levels has been questioned. In this article we test a model of congressional military pay setting for the...