This study formulates an information measure for changes in asset values and applies the formulation to farmland values in the United States for 1960 to 1999. The results indicate that changes in asset values contained significant information following the Russian wheat sale in the early 1970s...

This study examines the impact of multiple quasi-fixed assets on the imputed returns to farmland. The results indicate that the presence of additional quasi-fixed assets causes the true shadow value of farmland to deviate from its imputed value. The results also indicate that when the potential...

This paper uses an entropy-based information approach to determine if farmland values are more closely associated with urban pressure or farm income. The basic question is: how much information on changes in farm real estate values is contained in changes in population versus changes in returns...

Inequality in consumption levels of families, both nationally and internationally has been studied by Theil. However, empirical studies that measure inequality in farm household consumption, to our knowledge, have not been performed. This study measures inequality in farm household consumption....

The sweetener market in the United States is complicated because of the substitution possibilities between high fructose corn syrup (HFCS) and sugar. This study focuses on the relationship between raw sugar prices and the prices for high fructose corn syrup. Sugar and HFCS are imperfect...

In this study, we use an ecreage-response model to complementthe 1995 USDA/NRCS study of water demand in agriculture in theACF river basin of Georgia through the year 2020. Due to priceeffects, our results show that cotton, peanuts, vegetables andorchards receive a larger fraction of irrigation...

The sharp rise in energy prices in the 1980s triggered a strong interest in the production of ethanol as an additional energy component. Economists are divided as to the payoffs from ethanol derived corn in part because of the complex interrelationship between energy produced from ethanol and...