This paper analyzes the effects of waterway transportation costs on the spatial distribution of corn prices at U.S. grain markets. Interregional trade theory predicts that in a competitive market price differences between markets are explained by transportation cost. The precise role played by...

We estimate a distance function of grains production using generalized method of moments that enables us to accommodate multiple outputs of farmers as well as address the endogeneity issues that are related with the use of distance functions for multi-output production. Using a panel data set of...

Improved software now makes Bayesian estimation a strong alternative to nonlinear maximum likelihood. Bayesian methods were used to estimate a linear response stochastic plateau for cotton and were shown to provide estimates similar to maximum likelihood. Optimal levels of nitrogen were lower...

In the South, turfgrass-sod has been a profitable alternative to row crops for many years. With depressed housing markets and higher crop prices, the current economic competitiveness of turfgrass-sod depends critically on the ability to harvest the crop as soon as it matures, and on input and...

Switchgrass (panicum virgatum L.), a viable option for second-generation renewable fuels, has an extended harvest window with optimal harvest affected by yield, storage losses and nutrient uptake. This research shows that optimal harvest occurs later than maximum yield for Haskell, OK and...

Constant research efforts have been undertaken to create and adopt soybean varieties and farming practices that would lead to more drought-tolerant crops. Given that drought-tolerant crops are more stable in terms of price and supply, private genetic companies invest in those genetic materials...

Biodiesel has recently drawn attention because of its potential to make an important contribution to national energy security and the environment. However, the rapid growth of biodiesel has raised concerns about biodiesel’s impact on the price level and volatility of agricultural commodities....

This study seeks to determine the workings of a system of acreage allocation given price and yield uncertainty so as to identify the role that uncertainty in market output has in acreage allocation decisions.