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 Such knowledge can also indicate the amount and location of land to be withdrawn...

An export slump is one of the major problems plaguing U S agriculture Many of the world economic forces, that had turned against U S farmers m the early eighties have now changed The exchange rate is one of these forces This article presents a simulation of the disparate impacts of depreciation...

U S grain prices affect one another This study uses Haugh-Pierce chi-square tests, bivariate autoregressive models, and dynamic multipliers to measure the extent of these effects Rice prices exhibit very little reaction to changes in other grain prices However, other grain prices relate closely...

Current concepts and procedures used by the U S Department of Agriculture (USDA) to estimate farm enterprise costs of production are Inadequate for describing economic conditions of various producer groups The 1981 Agriculture and Food Act gives USDA greater flexibility In estimating production...

The exponential utility function for money has long attracted attention from theorists because it exhibits nonincreasing absolute risk aversion. Also, under certain conditions, it generates an expected utility function that is maximizable in a quadratic program. However, this functional form...

Analysts frequently adjust price, income, or other data to eliminate the influence of inflation or difference in size The authors of this article examine economic and statistical reasons for deflating time-series and cross-sectional data prior to estimating demand relations Signs and magnitudes...

The Food and Agriculture Act of 1977 increased the influence of target prices on acreage allocation decisions Differences between target and market prices were highly correlated with rates of participation in recent grain set-aside programs But, target prices also encourage set-aside...