This study estimates shortrun and longrun elasticities for agricultural inputs, along with elasticities of substitution, using a theoretically consistent restricted profit function and a series of decomposition equations. The model is also disaggregated on the input side, uses a flexible...

A quarterly econometric model of the U.S. dairy sector has been developed for use in short-to medium-term outlook and policy analyses. Simulations of the model indicate that it performs quite well both during the estimation period and during an eight-quarter interval beyond the estimation...

Intervention by governments in their foreign trade sectors fundamentally alters the character and composition of agricultural trade by making imports less responsive to international price changes than they otherwise would be. Intervention can also make world market prices change more frequently...

Pollution from agricultural activity depends on the agricultural practices or technologies that farmers employ. Adoption of less polluting practices can be induced by a variety of policy instruments. Cost-$haring by the government to reduce the costs of technology adoption and/or implementation...