To remain viable, agriculture in each location must offer returns that are competitive with those from alternative investments and sufficient to cover producers' financial obligations. Economic theory says that rates of return converge over time as resources flow into more-profitable industries...

The growing movement of people and goods that started in the closing years of the twentieth century has increased the possibility of the accidental or intentional introduction of biohazards that can affect agricultural production in the United States. This study examines the ex ante decision...

Data from the International Comparison Project are used to analyze the development of the real gross domestic products (GDPs) of the G-7 countries from 1950-1988. For the group as a whole, per capita GDP increased almost threefold in this period, whereas the inequality among the seven countries...

Income convergence among the G-7 countries was demonstrated using Theil's inequality (entropy) index. G-7 convergence was also found for three potential factors of influence on economic growth: government expenditure, investment expenditure, and industrial employment. Pairwise cointegration...

Courts are often required to estimate changes in welfare to agricultural operations from catastrophic events. For example, courts must assign damages in lawsuits, such as with pesticide drift cases, or determine "just compensation" when the government takes private land for public use, as with...