The dairy industry is based on the production of a raw product that is nearly homogeneous— whole milk—on farms geographically scattered, and the disposal of this raw product in alternative forms—fluid milk, cream, manufactured products—and to alternative metropolitan...

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...

The demand for U.S. feed grain is estimated using a six-equation simultaneous model. Four different utilizations of feed grain and feed grain price as well as the number of animal units fed are estimated. The reduced form of the model is used to provide forecasts of the endogenous variables for...

TECHSIM, a regional field crop and national livestock econometric simulation model, evaluates impacts of technological change Unlike other econometric models specified and constructed in an ad hoc fashion, TECHSIM makes practical use of theory by incorporating a priori information regarding the...

Optimal hedging level, minimum-risk hedging level, and hedging effectiveness are defined in a manner consistent with portfolio theory and used to analyze hedging potential in cattle feeding. Estimated upper limits on optimal hedging levels ranged from 0.56 to 0.88 unit of short futures per unit...

The poultry� and egg�sector submodel of USDA's Food and Agricultural Policy Simulator (FAPSIM) endogenously estimates supply, production, ending stocks, retail and wholesale prices, civilian consumption of chicken, turkey, and eggs, the number of layers on farms, the consumer price...

In 1969, formula feed manufacturers utilized 23.1 percent of all the feed grains and wheat fed to livestock. Estimates of aggregate demand by the mixed feed ind.:-stry for corn, oats, barley, grain sorghum, and wheat are presented. As expected, all of the feed grains have elastic demands. Grain...