We estimate a CBS system model of U.S. derived demand for meat. We use this model (1) to examine relationships between three quality categories of beef and three other meats and (2) to simulate how taste shifts have affected demands for meats over time. We extend previous studies by...

Much farm financial risk research has involved the application of "credit-scoring" models. We approach the issue of measuring financial risk by using the actual interest rates charged on agricultural loans reported in the USDA's ARMS survey as market-based measures of the financial risk...

This paper starts with the basic premise: that conventional measures of productivity growth - - -often used as a measure of corporate performance - - -which ignore external or social output, are biased. We then construct an alternative productivity growth measure using activity analysis which...

Water quality trading between point and nonpoint sources is of great interest as an alternative to strict command and control regulations on point sources for achieving water quality goals. The expectation is that trading will reduce the costs of water quality protection, and may speed...