A dynamic system of cost-share equations for agricultural inputs is used to test for the presence of input disequilibrium. This dynamic system incorporates a disequilibrium adjustment process into input-share equations derived from a translog cost function. The disequilibrium process is...

This article applies recent developments in time-series modeling to analyze the retail prices of beef, pork, and chicken. Specifically, generalized autoregressive conditional heteroscedasticity (GARCH) models were fitted to these data to determine if, unlike more traditional time-series models,...

Data limitations often limit the time framework in which agricultural commodities are modeled and prices forecasted. Our research provides a technique to alleviate this constraint. By combining an annual econometric model with a quarterly ARIMA model, quarterly forecasts can be made which...

A market share analysis is undertaken to determine the contribution of the size of market effect, the distribution effect, and the competitive effect, the distribution effect, and the competitive effect to gains for the five major farm real estate lenders. Results are used as a basis for...

Multicrop farmers must choose variable input levels and land quantity for each crop. Economic researchers to date have analyzed these two decisions separately, either finding the best land use, given crop technologies, or solving for optimal input levels, ignoring the allocation of land. We show...

A model of farmland accumulation analyzes the impact of credit allocation and the level of debt on farmland prices. The model stresses the importance of the real net wealth accumulated by the farming sector on the lending procedures for farmland purchases. It is shown that credit allocated on...

This paper uses multiple regression analysis to examine the effects of energy resource development on sale prices of agricultural land in western North Dakota. The findings suggest that energy resources development has exerted only modest upward pressure on agricultural land values in the...

The objective is to analyze a mechanism for controlling wild horse and livestock densities on public rangeland. The mechanism incorporates key ecological and economic parameters and is designed to be consistent with public interests in: (a) the multiple-use and sustained-yield management of...

A Markov chain dynamic programming model is presented for determining optimal range improvement strategies as well as accompanying livestock production practices. The model specification focuses on the improved representation of rangeland dynamics and livestock response under alternative range...

Important linkages between farm management variables, soil loss, crop yields, and incentives to practice soil conservation have often been omitted from previous empirical studies, due to regional data limitations and incomplete knowledge of soil loss/crop yiled relationships. An optimal control...