An important decision variable in the promotional strategy for the beef sector is the optimal level of advertising expenditures over time. Optimal stochastic and deterministic advertising expenditures are derived for the U.S. beef industry for the period `1966 through 1980. They are compared...

A prime resource in the production of agriculture commodities is land. Individuals throughout the United States have become increasingly concerned over the loss of agricultural land to nonagricultural purposes such as urban sprawl, roads and airports facilities and mining etc. Reduction in the...

In a number of recent papers, Martin Feldstein has hypothesized that expected inflation may increase the real value of assets such as farm real estate. In this paper, simple models of the value of U.S. farm real estate were developed to test this hypothesis. Both adaptive expectations and...

An interregional, large-scale linear programming model is used to evaluate the economic impact of the energy crisis on U.S. agricultural production. The study examines the changes in crop production under energy minimization, an energy shortage, high energy prices, and high agricultural exports...