We examine whether there are spatial relationships in U.S. production agriculture's profitability across regions and over time. We test the traditional view that factor markets (approximately) adjust to equalize agriculture's net returns over space and time using county-level data from the...

Many commercial wineries produce a dual product; commercial wine and wine tourism. Growth of wine tourism throughout the US has been phenomenal. In contrast to the price of wine, which is reflected in the market, the demand for wine tourism can be only ascertained with a shadow price for winery...

Agricultural water is a preferred source for meeting growing demands, but permanent transfers often require formerly irrigated land to be fallowed, removing a key industry from the regional economy. One alternative allows farmers to lease water to cities by fallowing their land on a rotational...

Easily accessible county data produced frontiers which substantially underestimated the reduction in risk by enrolling in the CRP. Furthermore, the county yield data portrayed an unattainable level of utility for a moderately risk averse farmer. Farm level data predicted CRP enrollment similar...

While government safety-net programs are used to mitigate the price risk for commodity producers, limited programs exist for specialty crop producers. Specialty crop producers utilize forward contracts to reduce downside price risk. In order to estimate the method of price-risk management, if...

Forecasting feeder cattle basis has long been difficult because of the myriad factors that influence basis, including input and output prices and lot characteristics. This research draws upon knowledge of the various factors that influence cash feeder cattle prices to develop hedonic feeder...

This study analyses short and long term safety first business risk associated with twenty six no-till transition strategies across four types of farms in eastern Washington. Risk of transition failure generated from risk averse criteria are also contrasted with a risk neutral criterion. Results...