We estimated a hedonic model to explain variations in residential sales price with standard house attributes, such as number of bedrooms and square feet of living space, as well as the effects of distance and density of livestock feeding operations. We find that livestock operations have an...

Agricultural tillage practices are important human-induced activities that can alter carbon emissions from agricultural soils and have the potential to contribute significantly to reductions in greenhouse gas emission (Lal et al., 1998). This research investigates the expected costs of...

The U.S. market in subsidized commodity revenue insurance contracts has expanded rapidly since 1996. By far the most prevalent contract forms are crop-specific, rather than the whole-farm design which has a better claim to being optimal. For an arbitrary acre allocation vector, this paper...

This paper develops a model analyzing the first best policy for a social planner when pesticide use causes resistance, the level of pest infestation is heterogeneous among farmers, and the development of a backstop technology is an endogenous and uncertain process which depends on the cumulative...

Renewable Fuel Standard (RFS) aims to support investment in cellulosic biofuel refineries by mandating a floor on the amount of biofuels being consumed in every calendar year. Tradable Renewable Identification Numbers (RINs) is the market mechanism by which the mandates are to be met. But the...

Favorable weather conditions for dryland crop production, including a proper amount of heat and rainfall during the growing season, are critical factors determining yield outcomes. Weather conditions however, are randomly distributed across regions and over time, thus influencing the temporal...