U.S. Department of Agriculture's Dairy Options Pilot Program promoted hedging by producers, and was a test case for similar programs in other agricultural industries. Rapidly shifting milk pricing policies impeded quantitative hedging evaluations while the program was active. Hedging appears...

U.S. Department of Agriculture's Dairy Options Pilot Program promoted hedging by producers, and was a test case for similar programs in other agricultural industries. Rapidly shifting milk pricing policies impeded quantitative hedging evaluations while the program was active. Hedging appears...

Abstract As public confidence in polling has been waning in the wake of recent elections (Narea, N. 2016. After 2016, Can we Ever Trust the Polls Again ? New Republic), many researchers have been seeking to diagnose the shortcomings in these data (Gelman, A., and J. Azari. 2017. “19 Things...

This paper examines the economics of farm decisions to prevent and control infectious livestock disease. In the case of diseases with costly control tolerating some level of disease is often rational to the producer. Public policy intervention is based on future value and public good aspects of...