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...

Information on efficient regional patterns of agricultural production can be useful in devising policies for adjustments in farming that are consistent with modern conditions and concepts of economic development. Such knowledge can also indicate the amount and location of land to be withdrawn...

Simulations of the U.S. dairy industry under a variety of conditions indicate that milk price variability would be considerably greater in the absence of price supports. Milk production would also be more variable, but significantly less than would milk prices. Summary statistics for the 1955-78...

Estimates are made of possible effects in Indiana of a part-farm general cropland retirement program, operating with and without the type of commodity programs that existed until 1970. Conclusions are drawn from estimates for four major groups of crop and livestock farms in each of five areas of...