"Program" yields for individual farmers are utilized in determining the amount of deficiency payments individual farmers receive. They have been frozen since the 1985 Food Security Act (FSA). However, some farm groups are pressing for unfreezing these yields so that actual yields could be...

In this paper two models of dynamic firm behavior are fitted to a data set developed from business records of Indiana dairy farms. The parametric restrictions implied by a cost-of-adjustment model are rejected. A less restrictive, disequilibrium model is accepted; this is a model of partial and...

The paper develops a model of producer participation in farm commodity programs. In the model, producers maximize profits subject to a common technology, but a differentiated resource endowment. As a result, in equilibrium, some producers participate in the program, while others do not. The...