Co-products of processing agricultural commodities are often marketed through private transaction rather than through public markets or those in which public transaction information is recorded or available. The resulting lack of historical price information prohibits the use of positive time...

Market structure is tested in 47 subsectors of the US food industry between 1958-1994. All industries exert market power in at least some of the sample years. Deadweight loss estimates resulting from noncompetitive behavior ranging from over $5 billion in soft drinks to under $1 million in the...

The Tax Reform Act of 1986 has been shown to greatly impact after-tax net farm incomes for sole proprietor agricultural enterprises. Capitalization of these income reductions into land values of a typical Western beef cattle ranch is assessed in this article. Total effects of the Act may...

Nonparametric procedures are used to compare technological change in SIC 2011, meatpacking, and SIC 2015, poultry slaughter and processing. There has been a greater increase in total factor productivity in poultry than in the red meats. Evidence also suggests recent differences in the bias of...

Agriculture operates in an uncertain environment. Yields, prices, and resource usage can change dramatically from year to year. However, most analyses of the agricultural sector, at least those using mathematical programming methods, assume decision making is based on average yields, ignoring...

Ranch production and marketing decisions occur sequentially over time as uncertainty regarding future events is resolved. The model developed in this paper explicitly considers the sequential nature of ranch decision making in determining optimal strategies for calf retention and production. A...

We quantify weather effects on output and incomes for a panel of Kansas farmers. The effects of weather are largely asymmetric with negative temperature and precipitation values affecting output and income differently than above average observations. Precipitation effects depend on timing and...