Agricultural data systems remain based upon now obsolete concepts. In particular, the "full-time, family farm" is still organizing concepts for much of the farm data system, and for agricultural policies. Yet farming has clearly bifurcated into: a relatively small number of large farms that...

The majority of farm households in OECD countries earn more off-farm income than farm income, even including government payments. While this is a well recognized fact its implications for risk management have not been well recognized. Current efforts to reform farm support have focused on the...

This paper presents a methodology for adding longer series of weather data to short series on Yield data for the purpose of Improving knowledge about crop Yield risk Findings demonstrate that the weather during the past 33 years provide Yield forecast with significantly less risk than the past...

Remarks dealing with the role of information in dealing with risk and uncertainty in agricultur

The paper provides an overview of the treatment of risk in economics as a way to connect the concept of risk, as used by economists, to the concern of other social science disciplines with how the parallel concepts of vulnerability and resilience affect rural and regional development. These...

The March, 2015 pdf version is recently-edited from a paper written in the late 1980s. A scanned copy of the paper as written in the late 1980s is also available for download. Students who wish to use their math skills to verify each equation and elasticity calculation may wish to download both...

Forward formula pricing in wholesale red meats markets cause transactions quantities and prices to be determined at different times. Use of purchase limits in meat retailing is symptomatic of disequilibrium marketing. Price analysis on specific cuts indicates short-run disequilibrium but...

This paper compares domestic dairy policies In both the United States (US) and the European Community (EC) and examines the Impact of these policies on each respective dairy Industry in order to explore domestic policy Interdependence. The EC and the US have Similar goals of improving farm...

The objective of this paper is to examine the responsiveness to price incentives of petroleum exploration, the generation of proven reserves and the production out of reserves in the United States. First, a theoretical framework of oil extraction and supply is developed. Next, an econometric...

This study suggests that demand management through pricing policies can be used to solve water supply problems. A demand function for water was developed using cross-sectional water data. The demand function was used in a simulation analysis to determine reservoir capacity needed to supply water...