This study takes the standard acreage response model that stems from an expected utility framework, accounting for both price and yield variability, and nests it within a flexible semi-nonparametric (SNP) model consistent with farm-level decision models for computationally tractable results. We...

The current debate surrounding the 2012 Farm Act stresses cutting costs while maintaining, or even strengthening, farmers’ “safety net.” One way to cut costs is to reduce or eliminate potential overlap of farm program payments. Using simulations, we explore the interaction between the...

The literature on climate change and crop yields recognizes the need to allow for highly non-linear marginal effects. This study combines these two areas of the literature by using Flexible Fourier Transforms (FFT’s) to ensure flexibility for both the time trend and the weather effects. This...

Replaced with revised version of poster 9/2/11.