In this paper, a dynamic optimization model was developed to simulate how farm-level realized price and profitability respond to yield change which was induced by climate change. Producers' acreage response was included in the dynamic model considering crop rotation effect. In the crop rotation...

Replaced with revised version of paper 04/20/10.

Increasing worldwide energy demand and diminishing supplies of fossil fuels have necessitated the development and increasing use of new sustainable energy sources, as well as more parsimonious energy use. In the context of agriculture, research has focused predominantly on the production of...

Farm management skills can affect farm managers' performance. In this article, farm management performance is analyzed based on yearly Illinois Farm Business Farm Management (FBFM) panel data across 6,760 farms from 1996 through 2011. Two out-of-sample measures of skill are used to analyze the...

A farm’s physical investment is affected by its fundamental q and by its financial situation, with the later comprising both the firm’s liquidity and its possibility of facing capital market imperfections. This study determines the effects of government payments, depreciation, and inflation...

This research identifies and quantifies the impact of biophysical and economic variables on Kansas grain supply for the period 1977- 2007. This research estimates total supply response by aggregating yield and acreage responses. Previous methods have effectively analyzed the response of crop...

This article investigates the sources of profitability and productivity change at the farm level with an application to a group of 252 farms in Kansas over an 18 years period, from 1993 to 2010. The Lowe index method is used to compute changes in total factor productivity (TFP) and terms of...

Agriculture is a resource-intensive activity. It currently uses a substantial portion of the Earth’s natural resources: crop production, pasture and livestock grazing systems occupy around 40% of total land area, nitrogen fertilizer applied to agricultural land comprises more than half of the...