Abstract Bromus Tectorum is an invasive plant species known to reduce abundance of native perennial grasses, increase fire frequency and intensity, decrease animal performance, and alter microbial communities and ecosystem processes. Specifically, in the Intermountain West, Bromus has been...

As far as crop acreage choices are concerned, a consensus seems to exist among agricultural scientists and extension agents: crop rotation effects and the related constraints are major determinants of farmers’ crop choices. Crop rotation effects are inherently dynamic. They are generally...

Replaced with revised version of paper 07/24/11.

We investigate the role of risk and learning in biotechnology adoption, with an empirical focus on the adoption of Genetically Modified (GM) corn in the U.S. Corn Belt. Relying on the Kalman filter algorithm, a conceptual structural dynamic programming (DP) model is developed to capture the...

The use of N fertilizer in agriculture is a major source of Nitrous Oxide, an important greenhouse gases. Market-based instruments, such as incentives or taxes, may help reduce Nitrous Oxide emission by changing Nitrogen application rate. Using a dynamic programming approach, we found that...

We conduct models and tests to ascertain whether there are speculative bubbles and which factors contribute to the bubbles if there exits one. In the model, we use the option value to represent the investment value of farm real estate and compare the option value, calculated from dynamic...

Risk classification of livestock farms can help stakeholders design and implement risk management measures according to the possessed risk. Our goal is to examine how differently pig farms may contribute to the societal costs of an animal disease outbreak, how valuable this information is to...

This paper presents a dynamic principal-agent analysis of an incentive system for Salmonella control in the pork supply chain. The incentive system determines quality premiums to the producer, testing frequencies for hogs delivered, as well as charges to the producer for testing and penalties....

Introduction of foot and mouth disease (FMD) into country typically initiates eradication procedures which remove animals from the market, and halts the export of livestock products from the infected country. The magnitude of these effects can be highly uncertain. This paper presents a...

PV-optimality in a capital-resource economy can imply decreasing utility over some portion of the time horizon. Various criteria have been proposed to maintain intergenerational equity defined as nondeclining utility, but these have some limitations and problems. This paper proposes a new...