Production and financial impacts of recombinant bovine somatotropin (rbST) adoption are assessed using a survey of U.S. dairy operations and a model that corrects for self-selection bias. A substantial increase in milk production per cow is associated with rbST adoption, but large estimated...

A whole-farm modeling approach applied to survey data was used to assess the economic impacts on Heartland hog farms of alternative manure management regulations on manure application. Results showed differential economic impacts on the hog operations. Many large farms (over 2,500 hogs) had to...

Effects of low milk prices on U.S. dairy farms are assessed using a survey of U.S. dairy operations. Although small dairy operations were particularly vulnerable to the decline in milk prices in 2000, 41 percent of these operations were able to produce milk at a cost that was competitive with...

This analysis examines effects of several common assumptions on net present values (NPVs) of beef cows. While effects on NPVs vary over a price cycle or successive price cycles, several generalities manifest themselves. A cow is not likely to recover the lost revenue from not having just one...

The advantage of using insurance to help a farmeradopt a best nitrogen management plan (BNMP) thatreduces the impact of agricultural production on theenvironment is analytically and empiricallydemonstrated. Using an expected value analysis, it isshown that an insurance program can be structured...

A Comprehensive model of U S agriculture incorporates the spatial pattern of supply, resource use, and the technical structure of agricultural production that is generated by a linear programming component, and it utilizes detailed information on market structure, processes, and prices that is...

A model is described that projects land use patterns under both competitive and profit maximizing conditions. Separable programing is utilized to internalize price effects resulting from project production, and to allow extension of the basic model to include cross-elasticities. An empirical...