In 1973 the Governor of Kentucky's Council of Agriculture commissioned a Task Force at the University of Kentucky College of Agriculture to develop estimates of Kentucky's Agricultural potentials. Product potentials were estimated for 1980 and for the "long-term" to 1992. Similarly, capital and...

Innovation is largely held to be unlikely in rural regions. This reflects the current emphasis on regional innovations systems that are driven by large expenditures on formal science based activity that results in patentable outcomes. From this metric the observation about rural innovation is...

Subsector, or industry strategic planning is a potentially useful tool that can be designed to enhance the overall performance and competitiveness of a commodity industry across the industry's inter-dependent vertical segments. Industry strategic planning provides a framework for industry...

Much of the theory of the firm in product space is not nearly as well developed as the theory of the firm in factor space. For example, both general and agricultura1 economists have devoted considerable effort to developing functional forms representing production processes in factor space, but...

Supplemental class materials links for the Debertin books available through ageconsearch.

I taught AEC 620, Advanced Production Economics, every year between 1974, when I arrived as an assistant professor at the University of Kentucky, to 2012, when I retired. The following publication is one of the early sets of class notes I used in the course, dating from 1978 set up as an early...

This paper investigates some applications of high-resolution, three­ dimensional PC-based computer graphics to research and education in agricultural production economics. Examples illustrate issues in the identification of stages of production for the multifactor case; special cases in which...

Why did US farmers fare poorly even as most other segments of the US economy prospered during the 1990s? I develop three arguments to explain why US agriculture was prospered in the 1970s but has underperformed relative to the rest of the US economy in most of the 1980s and 1990s. Measures of...

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...