Stochastic coefficients models can provide accurate agricultural secto forecasts and useful policy analysis Coefficient variation may occur for many reasons including aggregating over micro units, omitting variable, using an incorrect functional form, and allowing for a dynamic economic theory...

In this final article of our three-part series, we demonstrate why stochastic coefficients models are well suited to predict future variables We analyze the forecasting problem and consider various criteria of prediction If a forecaster must choose one from among several coherent predictors,...

Researchers should be wary of the expectations framework and optimization method employed when drawing conclusions about the likely production behavior of farmers The article compares the predictive accuracy of two expectational schemes, supply-based expectations (SBE) and adaptive expectations...

This report presents State-level soybean production cost and return estimates for the 1990 production year, along with coefficients of variation for each cost item. Per-acre costs are highly variable among States due to differences in production practices, inputs, and type and size of machines...

The U.S. green industry (floriculture and environmental horticulture) is the fastest growing agricultural sector in grower cash receipts, with an average annual growth rate of 9 percent since 1982. Green industry crops totaled $8.7 billion in grower cash receipts, earned 11 percent of the total...