This article exploits panel data from Wisconsin dairy farmers to examine the dynamics of recombinant bovine somatotropin (rBST) adoption and to identify the characteristics that distinguish among nonadopters, disadopters, and early and late adopters. Panel methods are used to control for omitted...

Genetically modified corn seed companies have recently created stacked varieties which combine more than one trait. This work develops a Bayesian model that demonstrates how uncertainty with a package technology can lead to an adoption pattern in which farmers move from single trait to stacked...

This work analyzes the evolution of time allocation for agricultural and life science faculty in Tier 1 US research universities from 1975 to 2005. Specifically, it explores the trends with respect to time spent on research versus administrative activities, and shows about a 20% decline in the...

This article proposes a model of technology adoption that integrates demand for individual traits of new technologies with the potential for heterogeneity based on farm and farmer characteristics. The model is applied to recent genetically modified corn adoption data from Minnesota and Wisconsin...

The biotechnology industry has the potential to add economic spillover effects to a national economy but heavy investment and systematic planning are required. In 2007, Korea started the second stage of an ambitious government-led program, Bio Vision 2016, which is aimed to create an extended...

Cooperative Extension and other institutions (e.g., technical colleges, on-line self study programs, university short courses, etc.) frequently stress the importance of financial management education for successful farming operations. The research reported in this paper attempts to quantify the...

This article models and estimates the forces behind farm exits and changes in herd-size among Connecticut dairy farms under the New England Dairy Compact. A model of sunk costs and farm capital investment is used to specify two econometric estimations: a random effects probit model of farm entry...