In this paper, a dynamic optimization model was developed to simulate how farm-level realized price and profitability respond to yield change which was induced by climate change. Producers' acreage response was included in the dynamic model considering crop rotation effect. In the crop rotation...

Economic expansion revaluates continuously the economic and social role of agriculture. Population explosion in the world generates continuously growing demand on foods and industrial raw materials. Supply of increased demand is supported by R&D, at the same time using results of it polarizes...

Net farm income in North Dakota was at record levels for most representative farms in 2010. However income in 2020 is projected to be lower than in 2010. Commodity prices are expected to decrease slowly from current levels. Commodity yields are projected to increase at historical trend-line...

In face of climate change and other environmental challenges, inclusion of perennial forage shrubs in Australian agricultural systems has the potential to deliver multiple benefits: increased whole-farm profitability and improved natural resource management. The profitability of shrubs was...

Production agriculture in the 4-state area of southwestern North Dakota, southeastern Montana, northeastern Wyoming and northwestern South Dakota has faced serious economic challenges. In the mid-1990's, a growing number of recreational land buyers purchased land for wildlife habitat and...

Production agriculture in the 4-state area of southwestern North Dakota, southeastern Montana, northeastern Wyoming and northwestern South Dakota has faced serious economic challenges. In the mid-1990's, a growing number of recreational land buyers purchased land for wildlife habitat and...