In recent years, the economic landscape for defined benefit (DB) pension schemes has evolved dramatically for the worse. Among the ongoing challenges are the continued weaknesses in equity markets, falling interest rates, inflation levels that persist despite a drop in economic activity, and...

In 1989, The Cornell Program on Dairy Markets and Policy collaborated with the Texas A&M Agricultural and Food Policy Center to form a National Institute for Livestock and Dairy Policy (NILDP). The Institute is a focal point for a neutral and objective analyses of the consequences of alternative...

An instrumental variables panal data model was applied to a set of dairy farm financial and production records from the states of New York and Pennsylvania and the province of Quebec. This model allowed unbiased efficiency estimation without the drawbacks of a Fixed Effects specification.