Within the Conservation Reserve (CR) program, a change in program criteria could reduce the amount of erosion material entering our nation's waterways. The inclusion of land adjacent to water bodies, flowing streams, and river waterways may reduce erosion from these lands and improve water...

When the government wants farmers to adopt a certain management practice on environmentally sensitive land, it can mandate adoption, with fines for noncompliance, or use a stewardship program, with incentives for those who comply. The Federal Agriculture Improvement Act of 1996 (FAIR) continues...

The WTO commitments made by the United States are often cited as being an important constraint on the design of future U.S. farm programs. Many, however, are confused about the U.S. commitments and their future importance. In this paper, the authors attempt to fill this gap in understanding by...

We use a new partial-equilibrium, multi-market international model to analyze trade and agricultural policies affecting markets for peanut/groundnut products. The model covers four goods in thirteen countries/regions, including a large set of developing countries. Welfare is evaluated by looking...

This paper presents a detailed report of the representative farm analysis, which analyzed the impacts of two alternative risk management proposals, the Farmers' Risk Management Act of 1999 (S. 1666) and the Risk Management for the 21st Century Act (S. 1580). The representative farm analysis is...

The Heckscher-Ohlin-Vanek (HOV) equations used in this paper provide a feasible method for projecting longer-run trade patterns of the Former Soviet Union, one that does not depend on elasticities or the optimality of existing resource use. The authors contrast forecasted and actual trade...

Just as ecology has benefited from the economic theory of optimization, economics can benefit from the ecological theory of adaptation. We examine the impact of short-term, nongenetic adaptive self-protection on the values individuals attach to uncertain prospective environmental resources. We...

This report summarizes the ARIMS analysis for the 1990 Farm Bill Conservation Initiatives Work Group. Three major tasks were completed. First, ARIMS was updated to reflect the short-run nature of possible 1990 farm bill policies. Specifically, ARIMS now incorporates a more differentiated set of...

We examine Coasian bargaining under uncertain payoff streams. subjects bargained over both an ex ante lottery and the ex post reward. The results indicate nearly 87 percent of all agreements were Pareto efficient. However, only 7.3 percent were mutually advantageous, while nearly 85 percent of...

Commodity modeling is like many other endeavors in science and in life—we continue to strive for completeness and perfection but may never be satisfied with the current level of our accomplishments. This is a productive attitude, because it always generates incentives for continued effort...