This paper uses the Pagano-Hartley procedure to estimate the lag length and polynomial degree for the case of a quarterly hog supply equation. The results show that the nicely humped shapes which materialize when using the Almon lag may be caused by the failure in accounting for autocorrelation...

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...

Implications of real cash balances as a productive input in agricultural production are explored. A system of aggregate input demand functions for agriculture including real cash balances is formulated and estimated, assuming that producers minimize input costs for a given output level....

A single-equation nonlinear hedonic price function is estimated for parcels of rural land in transition from agriculture in a Nevada community. Empirical results are evaluated relative to the effects of selected government-provided amenities on parcel prices. Utilizing the estimated hedonic...