The IFAMR is published quarterly by IFAMA. www.ifama.org

The IFAMR is published quarterly by IFAMA. www.ifama.org

In this paper we develop a theoretical model that links dynamic efficiency measurement and optimal investment under uncertainty. It is widely acknowledged that uncertainty has an impact on the optimal factor use of a profit maximizing firm. This is particularly true for the optimal adjustment of...

Wheat protein is one of the most important specifications used in domestic and import purchase contracts and is used partly as a proxy for functional quality. The purpose of this article is to analyse the demand for wheat delineated by protein class. A choice-based econometric model is specified...

This report presents State-level corn production cost and return estimates for the 1991 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 used...

Record-high U.S. strawberry production in 1993 and another large crop anticipated in 1994 continue the growth trend that began in the 1970's. California produced nearly 80 percent of the U.S. crop on less than half of the strawberry acreage due to higher output per acre than other States. Grower...