Relatively low crop prices over the past two years, as well as regional weather adversity, has been the catalyst for the passage of "ad hoc" emergency relief. This paper examines the economic and financial status of 41 representative panel farms over the 1999-2002 period. When forecasting...

This research tests for changes in aggregate milk production due to the operation of the Milk Income Loss Contract (MILC) program since 2002. Aggregate production is decomposed into the size of the dairy herd and milk production per cow. We find no statistically significant response in either...

The widespread use of personal computers and spreadsheet models for feasibility studies makes risk-based Monte Carlo simulation analysis of proposed investments a relatively simple task. Add-in simulation packages for Microsoft® Excel can be used to make spreadsheet models stochastic. Rather...

According to estimates made by the Food and Agricultural Policy Research Institute in March of 1999, there are several macro factors that will significantly impact U.S. and global agriculture over the next decade. Factors leading to near-term price pressure are contrasted with likely...