The economic stability and viability of farmers are issues of great concern to rural communities. Employing data from the Kansas Farm Management Association data bank, farm household income and price elasticities are estimated in this study. Results indicate that as consumption expenditures...

The marginal benefit and cost of diversification for Florida orange producers is studied using certainty equivalents. The primary contribution of this study is the application of the mean-variance model to farm management decisions. Results indicate that for moderate and high levels of risk...

Suggested methods to reduce farm financial stress have included interest rate buy-downs and debt forgiveness. This study develops a method to estimate the proportion of individual farm financial stress attributable to an income problem, a leverage problem, and an interest rate problem. Of the...

Ordinary least squares is used to test hypotheses about relationships between expected profit and farm characteristics. Results indicate that expected profit may be enhanced by increasing farm size, lease or rental of intermediate and long-term assets, using production and financial inputs...

This analysis compares net returns of conventional and alternative agricultural cropping systems in northeast Kansas, with and without government commodity programs. The highest net return is consistently from the alternative system, wheat/clover-sorghum-soybeans. Sensitivity analysis reveals...