A stochastic computer simulation model is used to estimate disaster payments under the Agriculture and Consumer Protection Act of 1973. The model uses a random yield generator and actuarial techniques. Simulated payments under 1976 program parameters and stochastic yields are estimated at $300...

Effects of devaluation are examined for a one-commodity, tworegion case. A percentage change in price of the ()commodity will not exceed a percentage change in the quantity traded of the commodity. A change in quantity traded could be large, even under the assumption that underlying supply and...

Official U S Department of Agriculture (USDA)estimates of net farm income, measured in nominal dollars, have fluctuated widely over the past few years When measured in real dollars, net farm income has trended downward, in the aggregate, it approaches the levels of the thirties Far fewer farm...