Understanding the dynamic programming algorithms used In the optimal grain storage literature IS a prerequisite to understanding the findings of this literature This article Introduces these dynamic programming algorithms by examining several In terms of their underlying economic behavior These...

This article examines the performance of three thinly traded futures markets It tests each market with several measures of efficiency and performance and compares the test results with those from a large and mature futures market These thin markets possess some, but not all, of the attributes of...

Reports on prospective plantings are designed to aid farmers in deciding among alternative crops before the planting season. In this connection, they are a useful guide only insofar as they assist the farmer in forecasting probable levels of, or changes in, relative prices. Prices during the...

Shares held by three large processing firms of open-interest futures positions in soybeans, soybean meal, and soybean oil varied substantially among commodities and individual contract months during 11)57-66. Concentration was frequently higher in soybean meal tllan in soybean oil, and lowest in...

Over the last two decades, the number of U.S. cottonseed processing plants has declined drastically. The realization of scale economies by expanding plant size is shown to be a basic reason for this decline. The analysis is performed by estimation of a nonhomothetic translog cost function to...

This paper modifies and employs a model previously developed for empirical evaluation of the impact of commodity price-support programs on corn acreage. (See J. P. Houck and M. E. Ryan, "Supply Analysis for Corn in the United States ... ," Amer. Jour. Agr. Econ. 54: May 1972; and J. P. Houck and A....

World production shortfalls and increased speculative activity have been suggested as major causes of recent, dramatic price increases for sugar. A two-region spatial equilibrium model analyzes the U.S. and the rest-of-the-world sugar markets. By systematically shifting the rest-of-the-world...

Regional upland cotton acreage and yield response equation. were estimated by ordinary least squares. Cotton production response to price is shown to depend upon the relative responses of acreage to price, yield to price, and yield to acreage. Exam. pies appear of ways the analysis may be used...

A 14 equation recursive model is developed for (1) flue-cured acreage, (2) burley acreage, (3) flue-cured price, (4) burley price, and (5) consumer demand for cigarettes. The coefficients are estimated using data for 1954-70. The reduced form and the impact multipliers are derived. The...