US agriculture operates in a market driven economy, although government policies can have influence on what farmers produce and how they produce it. As with other businesses, agricultural producers respond to economic incentives and disincentives, and make decisions to maximize their welfare;...

The Environmental Protection Agency requires concentrated animal feeding operations to develop and implement a comprehensive nutrient management plan. Changes in manure management to meet nutrient application standards will increase production costs. Some of these costs can be offset by savings...

In the period of investigation, 1995–2000, the Danish fishery for species meant for human consumption was managed by individual non-transferable vessel quotas, while the fishery for species meant for fishmeal and fish oil was subject to a total quota. The revenues of the fishermen targeting...

This paper develops a method to jointly estimate crop yield elasticities and area elasticities with respect to output prices based on a theoretically consistent model. The model uses a duality theory approach for the multi-output and multi-input firm, and introduces uncertainty in the level of...

The article deals with the cost function at a mathematical level that only requires knowledge of differentials, but except for that, it keeps rigor at a high level. It only states theorems that require long proofs. The article justifies the existence of the cost function, points out its...

Farmland and capital are an important and rapidly expanding component of the agriculturaleconomy, and empirical evidence suggests that these assets are quasi-fixed in that adjustment costs are incurred when holdings are altered. Increased interest in the rate of return for investing in farmland...

Increasingly, state and local governments are promoting intergovernmental coordination, cooperation, and/or outright consolidation (3Cs) based on the perceived economies of scale advantages of such joint actions. However, the growing public finance and political science literature on...

One critical factor in open pit mining projects is the estimation of the recoverable reserves. The reason for this is that at the valuation stage there is a lack of information about future metal prices and production costs. Consequently, the estimation of the recoverable reserves needs to be...

O objetivo principal deste trabalho foi estimar custos e lucro líquido nas etapas de campo (incluindo a elaboração de cera de origem) do extrativismo da carnaúba. A coleta dos dados ocorreu ao longo dos anos de 2005 e 2006, por meio de entrevistas abertas e observação de campo, ocasião em...

A central problem in estimating per unit costs of production originates from the fact that most farms producemultiple outputs and standard farm-accounting data are only available at the whole-farm level. The seeminglyunrelated regression (SUR) approach is used to estimate per unit production...