Increased litter sizes and associated piglet performance consequences, challenge swine producers. Stochastic modeling captured bioeconomic performance of individual piglets. As average litter size increased from 8.8 to 20.8 piglets, costs and revenues per head marketed from the demonstration...

Technical efficiency and its determinants among organic and conventional farms in Sweden are analyzed for time-period 2000-2002. In addition, we address the issues that arise when comparing performance measures among the two groups of producers (conventional and organic) due differences in their...

We study the difference in the volatility dynamics of CBOT corn, soybeans, and oatsfutures prices across different delivery horizons via the smoothed Bayesian estimatorof Karali, Dorfman, and Thurman (2010). We show that the futures price volatilitiesin these markets are affected by the...

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...

We study the difference in the volatility dynamics of CBOT corn, soybeans, and oats futures prices across different delivery horizons via the smoothed Bayesian estimator of Karali, Dorfman, and Thurman (2010). We show that the futures price volatilities in these markets are affected by the...

The paper presents a spatio-temporal statistical model of agricultural yield prediction based on spatial mixtures of distributions. The proposed method combines several hierarchical and sequential Bayesian estimation procedures that allow the general problem to be addressed with a series of...

Hedging is one of the most important risk management decisions that farmers make and has a potentially large role in the level of profit eventually earned from farming. Using panel data from a survey of Georgia farmers that recorded their hedging decisions for 4 years on four crops, we examine...