This report presents State-level corn production cost and return estimates for the 1991 production year, along with coefficients of variation for each cost item. Per-acre costs are highly variable among States due to differences in production practices, inputs, and type and size of machines used...

This bulletin contains State-level statistics for corn (grain, silage, and forage), grain sorghum (grain, silage, and forage), oats, and barley for each of the 48 contiguous States for 1949-86. Variables include area planted, area harvested, yield per harvested acre, quantity produced, quantity...

Replaced with revised version of paper 04/20/10.

Yield variability can be significantly higher at the farm level than at more aggregated levels, including the county. However, due to a dearth of available farm level data, much stochastic analysis involving farm yields utilizes more aggregated yield data as a proxy for the farm level. We...

Many previous studies provide pricing models of options on futures spreads. However, none of them fully reflect the economic reality that spreads can stay near full carry for long periods of time. We suggest a new option pricing model that assumes that convenience yield follows arithmetic...

World trade in feed grains (barley, corn, rye, oats, and other cereals, n.e.s.) more than tripled from 1962-85, while the number of countries participating in world trade increased 85 percent. Feed grain consumption has increased faster than production in most countries, so more countries...

Deterministic and stochastic yield response plateau functions were estimated to determine the expected profit-maximizing nitrogen rates, yields, and net returns for corn grown after corn, cotton, and soybeans. The stochastic response functions were more appropriate than their deterministic...

This study addresses the complex relationship between energy and agricultural markets—represented by corn, ethanol, and gasoline prices—particularly in light of the growth in biofuel production. Contemporaneous price response and transmission of market shocks are investigated in a...