Agronomic research on crop response to nitrogen fertilizer suggests that a plateau function may be appropriate, but the plateau varies across fields and years. Available models that treat the plateau as a stochastic variable are not readily extendable to handle field or year random effects as...

Agronomic research on crop response to nitrogen fertilizer suggests that a plateau function may be appropriate, but the plateau varies across fields and years. Available models that treat the plateau as a stochastic variable are not readily extendable to handle field or year random effects as...

Much agricultural economics research has been dedicated to determining the best time for producers to sell their commodities. Unlike this past research, we look at how producers actually sell commodities. The extent to which producers display an active or mechanical marketing style is measured...

Some extension economists and others recommend profit margin hedging as a way to choose the timing of crop sales. However, the theory behind this strategy recommendation is not well developed. This article determines the producer's utility function and price processes where profit margin hedging...