The stochastic impact of the "climatic fluctuation effect" is introduced in the traditional determinant timber growth model and optimal harvesting strategies are derived under different stochastic "climatic fluctuation effect" patterns. Results show that properties of different patterns...

This study applies the fixed allocatable input model to test the effect of water price on the multiple production decision in Georgia, U.S. The limited dependent variable models are applied and intensive data are analyzed in this study to estimate the decision for crop choice, land allocation,...

This study examines the impacts of empirical definition of zero output values on price elasticities, economy of scope, and scale using the Translog cost function. A system of cost and factor share equations with regularity conditions imposed is estimated. Results show that the choice of default...

Based on results from a national survey, this study examines how farm households say that they used (or would use) government transfers distributed in the form of direct fixed payments. In addition, the study examines what factors best explain farm household decisions regarding how fixed payment...

This paper examines the role of risk aversion in setting herbicide label rates and application rates. Companies establish label rates to be efficacious for a wide range of conditions. The use of reduced rates of herbicide offer the opportunity to increase farm profit and reduce herbicide use, an...

Alabama is experiencing significant pressure to convert agricultural land to urban uses. The dominant pattern of urbanization has been the conversion of agricultural land to residential and commercial uses. This paper examined regional, state, and local land use trends and developed a tool for...

Interregional spatial linkages between South Dakota and Nebraska cash markets for slaughter cattle are investigated. Econometric procedures are used to test whether a thinning market effect or strategic price reporting behavior by packers has degraded market transparency under the voluntary...

Hedonic pricing is used to determine the effect of a landscape element such as the lawn area on the home selling price of single-family homes in Athens, Georgia. Results show that lawn area and the use of zoysiagrass as the dominant species positively and significantly influenced the selling price.

Ultrasound data are used to sort heifers for immediate sale or for development as replacement stock. While ultrasound improves predictions about conception, the value of ultrasound the data is relatively small. This value is primarily influenced by heifer development costs and bred heifer...

The paper conducts an empirical investigation of the US meat demand system using quarterly data on per capita meat consumption and prices. SUR maximum likelihood is used to estimate a static and dynamic (error correction) linear almost ideal demand systems. Results compare static and dynamic...