Agricultural economics and policies

Whole Farm Income Insurance in a Canadian Context

This paper employs mean-variance and mean-skewness optimization to investigate farmers’ crop choices under Gross Revenue Insurance (GRIP), Whole Farm Income Insurance, the Canadian Agricultural Income Stabilization program, and its modified 2008 program A

Spatial Analysis of Illinois Agricultural Cash Rents

The purpose of this study is to revisit the question of how farm land markets change in response to changes in commodity prices.

Economic Feasibility of Ethanol Production from Sweet Sorghum Juice in Texas

The economic feasibility of producing ethanol from sweet sorghum juice is projected using Monte Carlo simulation models to estimate the price ethanol plants will likely have to pay for sweet sorghum and the uncertain returns for ethanol plants.

Changes in Debt Patterns and Financial Structure of Farm Businesses: A Double Hurdle Approach

This paper uses a double hurdle model to help explain one aspect of the changing capital structure of U.S. production agriculture--the increase in the number of debt free farms.

Multiproduct Optimal Hedging by Time-Varying Correlations in a State Dependent model of Regime-Switching

We determine time-varying hedge ratios in a multiproduct setting using a multivariate state dependent model of regime switching dynamic correlations.

Agriculture for Sustainable Economic Development: A Global R&D Initiative to Avoid a Deep and Complex Crisis

A global initiative for accelerated agriculture productivity is necessary now; such an initiative makes economic sense, is pro-poor and sustainable, and serves security.

Combating stem and leaf rust of wheat: Historical Record, Impacts, and Lessons Learned

This case study explores the half century of successful efforts of the international wheat stem and leaf rust resistance programs within the context of the international agricultural research system.

Linkages between Land Management, Land Degradation, and Poverty in Sub-Saharan Africa: the Case for Uganda

A recent study by the Food and Agriculture Organization of the United Nations and World Soil Information revealed that about 24 percent of the world’s land surface is degraded