This book brings together in one publication the latest information and research findings of internationally renowned experts to help market participants understand how best to utilize distillers grains both in the U.S. domestic market and in international export markets. The book discusses how...

Worldwide, a segment of consumers can afford to pay substantial price premiums for very high quality agricultural products with attributes those consumers value. At the same time, many U.S. farmers are producing these high-quality products but are not using market mechanisms that allow them to...

Worldwide, a segment of consumers can afford to pay substantial price premiums for very high quality agricultural products with attributes those consumers value. At the same time, many U.S. farmers are producing these high-quality products but are not using market mechanisms that allow them to...

Many food traits desired by consumers are costly to provide and difficult to verify. A complicating factor is that delivered quality can only be affected stochastically by producers and imperfectly observed by consumers. Markets for these goods will emerge only if supplying firms can be trusted....

Previous studies disagree on the effects of insurance on fertilizer application rates. The effect of increased fertilizer on the probability of low yields primarily determines whether fertilizer and insurance are substitutes or complements. The authors estimate conditional distributions of corn...

The debate over a new farm bill has focused on how to spend an additional $73.5 billion in funding for the agricultural budget over 10 years. The House of Representatives, the Senate agriculture committee, and Senators Cochran and Roberts (supported by the Bush administration) have each proposed...

Agricultural producers should evaluate trade-offs between application costs and blending fees when applying two or more fertilizer mixtures to satisfy their "ex ante" fertilizer requirements in an economical manner. This decision situation is modeled using a linear programming procedure designed...

Examines how the value of weather information is changed with improvements in the accuracy of forecasts when farmers act noncooperatively. Description of a stylized model of competitive production with rational expectations; Effects of increase in forecast accuracy; Changes in the value of...

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What to do about livestock odor and manure nutrients is one of the most contentious policy issues facing agriculture today. The impact of policies designed to address these issues depends, in part, on the on-farm cost of alternative manure handling facilities. This investigation considers the...