Texas is the leading U.S. producer of cotton, and the U.S. is the largest internationalmarket supplier of cotton. Risks and uncertainties plague Texas cotton producers withunpredictable weather, insects, diseases, and price variability. Risk management studieshave examined the risk reducing...

According to the USDA, Texas leads all other states in the loss of rural farming andranching land. Most research on rural land value has been associated with trying toexplain price per acre movements, yet few studies have analyzed the relationship ofmarket factors such as size on the total...

In the beginning of the 2007 crop year, the Federal Crop Insurance Corporation(FCIC) launched the Pasture, Rangeland, Forage Rainfall Index Pilot Program (PRF-RI)for six states. This insurance is an index and not individual insurance. Risk ManagementAgency officials claim that PRF-RI insurance...

The world of energy is changing. With rising energy costs and concerns over thesupply of energy materials, more research is being conducted into alternative sources offuel and microalgae is one of the sources being researched, although much research hadbeen conducted on it as a part of the...

Agricultural policy changes directly affect the economic viability of Texas cropproducers because government payments make up a significant portion of their net farmincome (NFI). NFI projections benefit producers, agribusinesses and policy makers, butan economic model making these projections...

This study analyzes the economic and geographic effects of alternative locationson risky investment decisions in a probabilistic framework. Historically, alternativelocations for multi-million dollar investments are often evaluated with deterministicmodels that rely on expected values or best...