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Changes in state milk production per cow are analyzed as a time series to determine the form and size of increase. Future milk yields are projected using parameter estimates. States are also grouped according to the correlation matrix of residuals to determine which states react similarly to...
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A model is developed that shows the usefulness of dynamic optimization in deriving optimal equity recovery strategies for a cooperative lending institution. The objective is to minimize the cost of a member borrowing over time. An interest rate surcharge, above the cost of funds and operating...
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This paper discusses the value to milk producers and consumers of segmenting the milk market into bST-produced milk and non-bST-produced milk markets, versus losing milk consumption from consumers who will not consume bST-produced milk. Results indicate that both bST-using producers and...
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Each state's agricultural production diversification is measured for 1984 and 1988. Very little difference existed between the type of index used or the year computed. Linear regressions of the coefficient of variation of receipts on diversification measures implies diversification among states...
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