A simulation is used to examine the impact of government farm program and crop revenue coverage insurance on the probability distribution of returns to land. When combined, marketing loan program payments, agricultural market transition act payments, and market loss assistance payments...

Financial accounting has emphasized the historical cost approach because of its objectivity. Yet in the event of bankruptcy and liquidation, assets will be liquidated at their market values. In this paper, we compare the probability of insolvency computed using market values to the probability...

Changes in U.S. agriculture have yielded a diversity of farm types. These changes have extended beyond the farm business and into the farm household. The objective of this paper is to discuss the policy implications of a new typology of U.S. farm households that is based on household economic...

Successful farm business managers must understand the determinants of profitability and have an overall long-term or strategic management focus. The objective of this research is to help producers understand the impacts of different production, pricing, cost control and investment decisions on...