Our contribution in this article is to compare two methods of adjusting agricultural productivity estimates for the effects of bad environmental outputs. One method is a direct non-parametric Malmquist index with the environmental variables include. The other method is to use the shadow prices...

Farm transfer or succession by the “next generation†holds a place of central importance in the determination of industry structure and total number of farmers and has profound implications for farm families. The family farm sector relies heavily on intergenerational succession....

This study examines the dynamic relationships among farm real estate values, farm returns, farm program payments, and real interest rates in an income capitalization model. Endogeneity is assumed among the variables in a dynamic framework because the direction of causality is unclear from a...

Millions of pounds of fresh fruits, vegetables, cut flowers, herbs, and other agricultural and food products enter the United States via commercial shipments from other countries every year. Although these items appear harmless, there could be hidden threats in that baggage and in those...

This paper has a two-fold contribution, first we demonstrate the relationship of spatial, temporal and residual yield risk estimated from a two-way panel random effects model to asymmetric information with an optional unit provision in the federal crop insurance program. Second, the yield risk...

Stochastic frontier analysis, which is used to estimate the technical efficiency, is extended to examine the market structure, conduct and performance hypothesis for the U.S. trucking industry. The technical efficiency measure takes into account not only the relationship between inputs used in...

The United States engagement in nonreciprocal preferential trade arrangements has been proliferating with several developing countries throughout the past couple of decades. One of the oldest and more successful of these arrangements has been the Caribbean Basin Initiative (CBI).The CBI is a...

The paper contributes by demonstrating the sensitivity of nonparametric programming productivity measures to the choice of model –time series versus panel models of Malmquist productivity, and to various levels of commodity aggregation compared to the traditional Tornqvist-Theil index approach...

This study examines how federal farm policies, specifically crop insurance, have affected the farm economic structure of North Dakota’s agriculture sector. The system of derived input demand equations is estimated to quantify the changes in North Dakota farmers’ input use when they purchase...