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Public choice describes a marketplace for political favors that could explain strong support for agriculture. While many researchers have studied political markets, few have examined agriculture. This study addresses contributions from twenty-six PAC aggregates to senators in the 103rd Congress....
Persistent link: https://www.econbiz.de/10009397549
We develop a dynamic economic model that includes control variables for both nitrogen fertilizer and irrigation water to analyze interseasonal corn production and nitrate leaching in the presence of irrigation system nonuniformity. The economic model is used to estimate profit-maximizing...
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The cattle industry batch markets animals in pens. Because of this, animals within any one pen can be both underfed and overfed. Thus, there is a production inefficiency associated with batch marketing. We simulate the value of sorting animals through weight and ultrasound measurements from...
Persistent link: https://www.econbiz.de/10005320814
Produced as a joint product, economic theory suggests that manure value could influence livestock management decisions such as herd size and optimal market weights. This study examines the concept of manure and its connection with optimal replacement age or market weight. A model of a swine...
Persistent link: https://www.econbiz.de/10005320836
This study examines the trade-off between agricultural production and groundwater contamination potential for ten potential herbicide cancellations. Theoretical and empirical models are developed for estimating losses in consumer and producer benefits in the agricultural commodity market and...
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