A stochastic computer simulation model is used to estimate disaster payments under the Agriculture and Consumer Protection Act of 1973. The model uses a random yield generator and actuarial techniques. Simulated payments under 1976 program parameters and stochastic yields are estimated at $300...

This paper concerns the economic assessment of a nonconventional technology to provide a cheap food and/or feed for many developing countries, using wasted resources, i.e. coastal arid areas irrigated directly with seawater to grow a halophyte crop(Salicornia-sos-7). It was cultivated for two...

Feedforward networks have powerful approximation capabilities without the "explosion of parameters" problem faced by Fourier and polynomial expansions. This paper first introduces feedforward networks and describes their approximation capabilities, then we address several practical issues faced...

The theoretical questions of mathematical modeling of agricultural production processes are described. Production of agricultural goods and foodstuffs is modeled except for the production of forage and involvement of equipment and techniques, buildings, infrastructure etc. The model is based on...

This paper pushes beyond past efforts in employing computer graphics in a number of ways. In this paper, the capabilities of the SAS for drawing surfaces and contours of three-dimensional functional forms are combined with the drawing, annotation and sequential animation features of Harvard...

Impacts of alternative specifications for heteroscedastic error structures are examined by estimating various production functions for corn in Central Texas. Production- and profit- maximizing levels of input and the shape of the profit equation obtained from models not corrected for...

C1_2

In this study, the structure of the South African wheat market is analysed using economic theory and econometric modelling techniques. The developed model is used to make baseline projections regarding the supply and use of wheat in South Africa and to analyse the impacts of various policy...

Paper for presentation at the Northeastern Agricultural & Resource Economics Association’s Workshop on Economics and Child Nutrition Programs, AAEA & NAREA Joint Annual Meeting, Pittsburgh, Pennsylvania, July 23, 2011.