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Many commercial wineries produce a dual product; commercial wine and wine tourism. Growth of wine tourism throughout the US has been phenomenal. In contrast to the price of wine, which is reflected in the market, the demand for wine tourism can be only ascertained with a shadow price for winery...
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Agricultural water is a preferred source for meeting growing demands, but permanent transfers often require formerly irrigated land to be fallowed, removing a key industry from the regional economy. One alternative allows farmers to lease water to cities by fallowing their land on a rotational...
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We examine whether there are spatial relationships in U.S. production agriculture's profitability across regions and over time. We test the traditional view that factor markets (approximately) adjust to equalize agriculture's net returns over space and time using county-level data from the...
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