Higher income households likely spend less per person on whole and canned milk than do lower income households, but more on most other dairy products, according to this technical analysis of the effect of household socioeconomic features on dairy purchases. For example, a 10-percent increase in...

Higher income households spend more per person on most food groups, especially beef, fish, cheese, vegetables, butter, and alcoholic beverages, than do lower income households. Elderly Americans spend less than younger people on food away from home and alcoholic beverages. Households in the...

Household income, size, composition, location of residence, race, education, and employment status determine the percentage of income a household spends for food. This study develops a model that measures and reveals relationships among these household characteristics. The model can be applied...

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...

Annual models for U.S. farm prices for corn and wheat are developed based on market factors as well as government agricultural commodity programs. The pricing relationships utilize a stocks-to-use modeling framework to capture the effects of market supply and demand factors on price...