Duality methods utilizing a profit function framework are employed to estimate the output elasticity of ambient ozone levels on cash grain farms in Illinois. While duality methods have been recommended as a cure to many of the statistical problems of direct estimation of production functions,...

The purpose of this paper is to demonstrate a technique, discriminant analysis, which may be useful in predicting the direction of movement between fall feeder calf prices and spring yearling prices. The results of the discriminant analysis model are then compared with a conventional regression...

Global climate change from increases in atmospheric carbon dioxide and other trace gases is an issue of international concern. Adverse climate conditions are expected to reduce crop yields and alter the demand for and supply of water. These potential adjustments imply economic costs to...

This study compares the structure of E, V frontiers under several specifications of expected income and variance parameters with emphasis on fundamental differences in efficient crop mixes. The results are generated using data from a specific production region and a selected set of cropping...

The decade of the 70Â’s witnessed an expansion in U.S. cropped acreage in response to rising foreign demand. During this same period, substantial acreages of cropland were converted to non-agricultural uses. An issue arising from these land adjustments is whether available cropland will...