This paper examines the USDA price estimates of rice, wheat, and soybeans and whether spot commodity prices reflect price information embodied in USDA estimates. Results indicate that the monthly USDA estimates are failed to meet a rationality condition. Rice and wheat actual prices marginally...

This study constructs a Bayesian VAR model of US rice prices, in conjunction with supply and demand functions. Various validation tests are conducted to examine whether or not the BVAR model satisfies its dual functionality: Providing a dynamic analysis of the effects of a price support program...

Conservation initiatives in the 1985 Farm Bill affected farmers' decisions regarding soil conservation. A farmer survey was conducted and a multiperiod mixed-integer programming model was developed to determine an optimal farm plan with choice of crop-tillage combinations and land retirement....

This study investigates reasons for adoption of best management practices (BMP), crawfish farmers’ participation in the Environmental Quality Incentives Program (EQIP), and economic impacts of BMP adoption using data from a 2008 survey of crawfish producers. Most-cited reasons for BMP...