A multiperiod regional-national recursive system is formulated to model the interrelationships between agricultural production, resource use, and the environment, in a region nested within a national market. The system consists of three main components: a linear programming model of a region; an...

For the period of analysis, 1982 through 1987, the impacts on agriculture that result from increasing natural gas prices are examined. Two types of models are used in the analysis -- econometric and linear programming. These models are linked together so that a short-run multi-period analysis...

An important decision variable in the promotional strategy for the beef sector is the optimal level of advertising expenditures over time. Optimal stochastic and deterministic advertising expenditures are derived for the U.S. beef industry for the period `1966 through 1980. They are compared...

A prime resource in the production of agriculture commodities is land. Individuals throughout the United States have become increasingly concerned over the loss of agricultural land to nonagricultural purposes such as urban sprawl, roads and airports facilities and mining etc. Reduction in the...

In a number of recent papers, Martin Feldstein has hypothesized that expected inflation may increase the real value of assets such as farm real estate. In this paper, simple models of the value of U.S. farm real estate were developed to test this hypothesis. Both adaptive expectations and...

Many people have tried to analyze what the future holds for continued increases in crop yields. After studying time series of average U.S. yields for 19 crops, Lin and Seaver [6] concluded that 12 crops including corn, cotton, and wheat have reached yield plateau, and the seven remaining crops...

During the last decade, two concerns have been raised about the future of U.S. crop production. These concerns are: A) Will the United States have enough land available in the future that is suitable for crop production? and b) What will future crop yields be? Future U.S. crop production is...

The optimal rates of Intertemporal and within-group groundwater mining in the Ogallala Aquifer are estimated for the year 1985 to 2005. The gains realized by the optimal policy are measured and compared with gains from the free market policy and life of the aquifer is estimated.

The purpose of this study is to develop an econometric simulation model for analyzing the use of funds in Corn Belt agriculture. The Corn Belt Region, one of the major regions in U.S. agriculture, constitutes states such as Iowa, Illinois, Indiana, Missouri, and Ohio. A set of behavioral...

There is a growing tendency in the United States for decentralized public policymaking concerning agricultural production and resource use. Regional differences in climate, soil characteristics, water resource development, and input factor costs present each region with a unique situation....