Suppose that members of a society are accorded status as both economic and political agents. If the polity responds to the same actors for whom economic policy matters, a simultaneity of political and economic determination is introduced. The first goal of the research presented here concerns...

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Introduction: Two recent papers, Delbridge et al. (2011) and Delbridge et al. (2013), have used agricultural trial data from Southwestern Minnesota to compare the profitability of organic and conventional cropping systems. These analyses found that organic cropping systems can earn more on a...

This report is a summary of the data contained on the farmland sales portion of the Minnesota Land Economics (MLE) web site (http://landeconomics.umn.edu ) as of April 20, 2012. It is formally reissued each Spring, as new sales data become available. The present document consists largely of...

We demonstrate that Theil-type variance corrections are required to obtain consistent marginal effect estimates in Nelson-Olsen's two-stage limited dependent variable (2SLDV) model. As Theil's residuals-based corrections are infeasible with 2SLDV, we present variance correction procedures shown...

This report summarizes the individual farm records of the members of the Southwestern Minnesota Farm Business Management Association for 2011. Whole-farm information and enterprise costs and returns are reported. The year-end analysis of the individual farms was performed by the Association...

Prices of basic food staples and feed crops have soared in recent years, renewing concerns about the ability of global food supplies to meet the projected growth in aggregate demand. Notwithstanding these concerns, and apparently at odds with a vast body of economic evidence reporting...

This report is a summary of the data contained on the farmland sales portion of the Minnesota Land Economics (MLE) web site (http://landeconomics.umn.edu ) as of August 1, 2013. It is formally reissued each year, as new sales data become available. The present document consists largely of graphs...

With increased volatility of feed prices dairy farm managers are no longer concerned with managing just milk price volatility but are considering the adoption of risk management programs that address income over feed cost (IOFC) margin risk. Successful margin risk management should be founded on...