This report analyzes farmers' choice of crop insurance contracts and tests for the presence of asymmetric information in the market for multiple yield and revenue insurance products. Farmers' risk characteristics, their level of income, and the cost of insurance significantly affect their...

Econometric analysis of price data indicates that the new beef grading standards adopted in early 1976 have accomplished one of their major objectives--the price differentials between quality-yield grade combinations have widened, but the overall demand for beef has not been affected.

Increased advertising expenditures raised fluid milk sales nearly 5 percent, or by about 7,455 million pounds, during September 1984-September 1991. Sales of natural and processed cheese consumed at home rose by about 25 million pounds and 290 million pounds in the same period because of...