The farm problem is a longstanding topic in agricultural economics, and farm organizations continue to press claims that they are disadvantaged and deserve public support. While society may choose to support farmers it is clear that existing farm programs to not do an effective job of providing...

Thoroughbred broodmares are the foundation of a successful racing operation. This study estimated the impact of breeding, racing, genetic, and market characteristics on broodmare auction prices. Data represent 298 broodmares in foal that were sold in Keeneland's 2005 sale. Prices were most...

Paratuberculosis (Johne's disease) is endemic in the U.S. and Kentucky cattle industry, affecting both beef and dairy cattle. The disease affects the productivity of cattle ( lowering milk production, reducing the weights of calves) and eventually causes the death of infected animals. The...

Thoroughbred broodmares are the foundation of a successful racing operation. This study estimated the impact of breeding, racing, genetic, and market characteristics on broodmare auction prices. Data represent 298 broodmares in foal that were sold in Keeneland's 2005 sale. Prices were most...

This paper considers the specification of a production function, using crop-yield response to agricultural lime as an example. The paper first reviews neoclassical production theory, observing that this theory specifies neither the form nor the arguments of a production function. Several...