A daily crop growth simulation model was applied to four dry land cropping systems to estimate the profit distributions for each of four price series under stochastic weather conditions on the Southern High Plains of Texas. Stochastic dominance with respect to a function was utilized to rank...

This study investigates the long term adjustments to drought by crop and livestock sectors using a dynamic partial equilibrium quarterly modeling framework of the U.S. agricultural economy. By employing a model that links crop production with highly disaggregated livestock production sectors in...

Agriculture's impact on the environment is a complex research problem. A challenge to future economic research is to account for the interrelationship between agricultural production activities, soil productivity, erosion, and water quality. It will become increasingly important to determine not...