Developing implicit rental rates for capital inputs is an Important step in understanding the Impact of tax law changes on agricultural investments This article develops a methodology for estimating implicit rental rates and presents annual estimates of rental rates for seven categories of farm...

A generally accepted theory of firm behavior is incorporated into an abstract computerized simulation model capable of handling many different environments and organizations. This model provides a means of studying management problems using the simulation approach by providing, in most...

The aggregate economic indicators and statistical series published by the U S Department of Agriculture provide insufficient Information for decisionmakers requesting disaggregated analyses of farm industries, farm types, or farm Sizes However, this Information can be obtained through the annual...

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...

This article reviews economic and accounting bases for costs-of-production (COP) calculations It finds that the problems of circularity of arguments, potential cost� price spirals, and escalating land values are Inherent m all full COP methods of setting support prices Inflation, Income tax...

Many of the operational macroeconomic models examined either ignore or treat the agricultural sector as exogenous When the sector is treated as endogenous, it is most likely structurally misspecified and/or too small to provide much information about agriculture Given the increased awareness...

Though integration has been well worked over by agricultural economists, it still deserves further thought, because of differences in the insight and outlook of people, and partly because integration deals with topics of enduring interest—shifting enterprise combinations. In this paper,...

It 15 difficult to obtain c1osed-fonn solutions for input demand equations that are conducive to econometric estimation and policy analysis when the production function IS unknown Developments In the theory of duality facilitate obtaining such equations This article provides three examples of...