A control model of the U.S. dairy sector was constructed to determine optimal policy when bovine somatotropin is released. Social welfare defined as consumer plus producer surplus minus adjustment and net government costs was maximized. Control variables were the milk support price and...

This paper examines the rental rates that tenants can afford to pay given alternative price and yield conditions. Over the last several years, harvest prices and yields have generally tended to be higher than their expected values when rates were negotiated with landlords. The benefits have...

Business risk management (BRM) continues to be the central objective of agricultural policy in many countries, including Canada and the US. The unprecedented volatility that has characterized the farming sector in recent years is only expected to rise. Thus, governments continue to implement...

Approximately 40% of farmland is rented in Canada (Statistics Canada, 2011). In our survey, approximately ninety-five percent of the farmers that rent land also farm on their own land. This provides a unique empirical opportunity to assess the influence of ownership on farmers’ decision to...

The upheaval in the global food market involving the dramatic increases in crop prices and riots prompted by unaffordable food to many of the world’ s poorest has placed agriculture back in the public eye. Questions are being raised surrounding what has happened, why, and what can be done....

To meet its commitment to the Kyoto Protocol (KP), Canada must reduce its current annual GHG emissions (694 MT CO2 equivalent) by 240 MT CO2. Canada’s agricultural industries have the potential to generate a carbon sink of 10 MT CO2 (Government of Canada, 2003). The purpose of this...