The analysis is based on an integrated climatic, agronomic and economic model of grain production in the midwestern region of the U.S. The model represents a typical farm and the objective is to select an optimum combination of cultivars for four crops (maize, soybean, wheat and sorghum)...

An econometric framework for estimating a two-regime dairy structural system is presented. Failure to account for switching between regimes due to government price intervention raises the problem of selectivity bias. Further, since a structural system of equations is involved, the problem is not...

The market impacts of generic dairy advertising are assessed using an industry model which encompasses supply and demand conditions at the retail, wholesale, and farm levels, and government intervention under the dairy price support program. The estimated model is used to simulate price and...

The objective of this paper is to present a comprehensive, multi-regional trade model which includes all types of state trading enterprises (STEs) as well as other domestic and trade policies. The model is applied to measure the effects of STEs on the world wheat sector, where exports and...

Escalating media advertising costs have prompted shifts away from advertising to non-advertising promotion activities in the dairy industry’s generic commodity promotion program. As advertising budgets become tighter, determining the optimal allocation of these funds becomes particularly...