As farm income establishes nominal records, optimism has returned to US agriculture. However, examination of the causes-declining farm expenses, high government payments, and high livestock profits-suggests foreboding. Target prices can decline under the 1985 Farm Bill, and livestock profits...

Internal accounting systems supply managers with cost, planning, evaluation, and control information not provided by traditional financial statements prepared according to Generally Accepted Accounting Principles. A conceptual model of factors associated with utilization of internal accounting...

This article assesses the political economy of the 2014 farm bill, which eliminated annual fixed direct payments but offers enhanced downside risk protection against low prices or declining revenue. The farm bill secured substantial bipartisan majorities in a politically contentious Congress....

Crop yields which determine farm income deficiency payments have been frozen at 1981-1985 levels since 1986. Data from a longitudinal survey of Ohio farm operators are analyzed to evaluate whether updating payment yields will differentially affect farm operators. Results of the analysis imply...

An updated supply of storage is estimated to reflect recent developments in the literature. This study adds a measure of price variability, specifically implied volatility. It also adds a measure of the call‐option value to sell stocks before the end of the storage period, specifically a...