The study characterizes catfish price and yield risk by empirically determining the probability distribution of stochastic price and yield variables. The impact of the stochastic variables is then evaluated in the context of a catfish enterprise budget. Probability distributions of net returns...

This report summarizes a year-long study of the current and future role of technology in the Mid-South, Southeast, and High Plains cotton production systems. Specific research objectives were to: 1) Identify the impacts of emerging technology on regional cotton production systems, including the...

Widely dispersed information from the public health, economic, and fisheries management literature is synthesized to examine the impacts of PBT contamination, including current and potential impacts on public health and the ongoing economic impacts this contamination has on the U.S. fishing...

This manuscript summarizes a total of 8 peer-reviewed studies, published from 1975 to 2001, reporting 24 separate estimates for the disaggregate2 value of habitat and species protection services provided by coastal and non-coastal wetlands. Estimates varied within a single order of magnitude and...

Social pressures to regulate agriculture's use of environmental resources have been building for many years and show no signs of abating. While the agricultural and environmental communities can react to these events in many ways, perhaps the most promising avenue for resolving joint...

Seemingly unrelated regression was used to investigate if the passage of forestry-related ordinances has had an effect upon timber harvesting activities in St. Tammany Parish, Louisiana. Results indicate that a significant negative relationship exists between a $10,000 road bond ordinance and...

For simulation to be truly useful for investigating many problems in agricultural economics, non-simplifying optimization techniques need to be employed. General methods for simulation optimization that do not inhibit system characterization or analysis are available, and they would appear to...

Characteristics of farm level yield and revenue loss that is systemic with yield and revenue loss at the county, state, and U.S. level are examined using farm yields from the Illinois and Kansas farm business management associations. The data begins with 1972. Share of yield and revenue loss...

Recent changes in federal farm programs and contemporary farm program proposals highlight an evolving shift in farm policy from income support to risk management. A mix of price- and revenue-based commodity programs as well as yield- and revenue-based insurance products provide crop producers a...

Although significant research has been done on managing farmers’ financial risk through federal programs such as federal crop insurance, to date, little attention has been paid to the ability of on-farm management’s potential to mitigate agricultural risk. Federal crop insurance could...