Markets for agricultural products may be inefficient when signals do not adequately reflect product characteristics important to market participants. Preferences can be explicitly reflected in price premiums for measurable characteristics using hedonic methods. However, when product quality...

The purpose of this report is to assess the role of agriculture in the North Dakota economy. This analysis is both statewide and regional in perspective (data are provided for each of the state's eight planning regions). Key indicators used in the analysis include sales for final demand (i.e.,...

The purpose of this report is to assess the role of agriculture in the North Dakota economy. This analysis is both statewide and regional in perspective (data are provided for each of the state's eight planning regions). Key indicators used in the analysis include sales for final demand (i.e.,...

Agriculture operates in an uncertain environment. Yields, prices, and resource usage can change dramatically from year to year. However, most analyses of the agricultural sector, at least those using mathematical programming methods, assume decision making is based on average yields, ignoring...