"This study uses a Cox parametric bootstrap test to select between two specifications of the von Liebig hypothesis, a switching regression (SR) model, and a linear response function with a stochastic plateau. Specifying the production function as a linear response function with a stochastic...

"Price risk management confronting grain processors differs from that faced by conventional hedgers, especially when futures markets for outputs do not exist. Three components of this problem are addressed in this study. One is the relationship between input and output prices, which are impacted...

"As farms increase in size, operators face the decision of remaining loyal to local retail merchants or obtaining volume discounts from distant wholesale input suppliers. When farmers bypass local merchants and buy inputs in volume, they often realize price discounts but forego many services...

"An analytical model was developed to explore prospective costs and risks of alternative testing strategies for a marketing system in Canada which markets both genetically modified (GM) and Non-GM wheats. The problem is solved using stochastic optimization, base case results are defined, and...

"Issues related to quality uncertainty in wheat producing countries have escalated in importance in recent years. While Canada addresses these issues in part through variety regulations, firms in the United States resolve these through varying commercial strategies. Conventional alternatives for...