Cross-sectional data from a 1981 survey of Saskatchewan farmers are used to investigate the determinants of size of long-term loans from the Canadian Farm Credit Corporation. Heckman's procedure is used to correct for sample selectivity bias, which was shown to be present. The results are...

Monte Carlo simulation is used to compare the expected net returns and relative riskiness of alternative cropping strategies in Saskatchewan. The strategies include traditional fixed rotations and flexible ones that have been recommended by researchers. Three important conclusions follow. (a)...

Commodity stabilization under a buffer stock and under a buffer fund are compared. In the c ase where a good cannot be physically stored, stability brought about by a buffer fund scheme cannot result in a net welfare improvement f or society. When instability is due only to demand variability,...