A method for taking uncertainty into account when formulating aggregate agricultural policies is applied to the feed grain program. The impact of alternative feed grain programs on net farm income, Government payments, and feed grain production in the Southeastern Coastal Plains is shown. A...

Net farm income has shown a generally downward trend since the postwar highs of 1947 and 1948. Even with allowance for nonfarm sources of income and for declining numbers of farms, average farm family income has lagged behind the steadily rising levels of nonfarm family incomes. But the farmer...

The Markov process was first applied in economics to problems of relative structure, as for example in the analysis of income and wage distributions. The extension of such distributions over time was an initial step in projection. The analysis in this paper takes a further step by developing a...

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...

This article reports the results of an analysis of cotton supply response for Imperial Valley, California, one of the two distinct cotton growing areas in the State. Ultimately, these results for the Imperial Valley can be combined with similar studies now in progress throughout the United...

In Consumption of Food in the United States, 1909-52,1 there is presented for the first time an "index of supply-utilization" of farm products having food use. This new index breaks down the combined utilization of such products, on a farm-value basis, both according to sources of supply and...

Increases in agricultural productivity contribute to national economic development and income growth in two major ways: they release labor resources for nonagricultural sectors and they supply an economic output above that consumed or used for further production in the agricultural sector-an...

The practical problem of getting computational work done at the lowest cost subject to certain specifications interests many people. This paper presents a decision model which will enable them to choose, from among the alternatives available, the combination of computing equipment that minimizes...

Few commodities exhibit as strong a trend factor as do cigarettes. The phenomenal rise in popularity in this form of smoking since the early 1920's is well known, but to the analyst seeking to identify factors affecting demand for cigarettes, the strong trend factor which tends to overshadow the...

A set of price-dependent demand equations explains the Interdependent nature of monthly demand relationships for 10 meat commodities The analysis uses a model with a mixed structural-time series approach. the model's forecasting capability is significantly better than that of the traditional...