Six measures of farm returns are used to estimate the most "appropriate" market index for southeastern Kansas farms. Systematic and nonsystematic risks and risk costs are estimated for farm planning. Results suggest that regional indices are more appropriate for use as the market index than...

A target MOTAD model is used to investigate incorporation of early maturing soybeans by a crop farm in southeastern Kansas. Weather (WGEN) and crop simulation (SOYGRO) models are used to generate a long-term series of soybean yields. Results indicate that early maturing soybeans offer a...

This study investigates nonparametrically the optimizing behavior of a sample of 289 Kansas farms under profit-maximizing and cost-minimizing hypotheses. The results do not support strict adherence to either optimization hypothesis. However, evidence against cost-minimizing behavior seems to be...

The economic stability and viability of farmers are issues of great concern to rural communities. Employing data from the Kansas Farm Management Association data bank, farm household income and price elasticities are estimated in this study. Results indicate that as consumption expenditures...

The marginal benefit and cost of diversification for Florida orange producers is studied using certainty equivalents. The primary contribution of this study is the application of the mean-variance model to farm management decisions. Results indicate that for moderate and high levels of risk...

A mathematical programming model with estimated nonlinear water response functions is used to explore the allocation of limited ground water to flood irrigated corn, flood-irrigated grain sorghum, and dryland sorghum in western Kansas. Results suggest that as ground water availability decreases,...

Suggested methods to reduce farm financial stress have included interest rate buy-downs and debt forgiveness. This study develops a method to estimate the proportion of individual farm financial stress attributable to an income problem, a leverage problem, and an interest rate problem. Of the...