Though integration has been well worked over by agricultural economists, it still deserves further thought, because of differences in the insight and outlook of people, and partly because integration deals with topics of enduring interest—shifting enterprise combinations. In this paper,...

The aggregate economic indicators and statistical series published by the U S Department of Agriculture provide insufficient Information for decisionmakers requesting disaggregated analyses of farm industries, farm types, or farm Sizes However, this Information can be obtained through the annual...

Changes in real interest rates may affect the rate of adjustment of machinery to optimal levels This finding results from the development and application of a theoretically consistent analytical framework for examining agricultural investment 10 machinery Results from duality theory on...

With the growing competition for Federal dollars, the land grant universities were asked to justify their budget to the Congress and the Office of Management and Budget using benefitcost analysis. The authors review previous studies of returns to agricultural research and present an analysis of...

This article reviews economic and accounting bases for costs-of-production (COP) calculations It finds that the problems of circularity of arguments, potential cost� price spirals, and escalating land values are Inherent m all full COP methods of setting support prices Inflation, Income tax...

Many of the operational macroeconomic models examined either ignore or treat the agricultural sector as exogenous When the sector is treated as endogenous, it is most likely structurally misspecified and/or too small to provide much information about agriculture Given the increased awareness...

Changes in farming systems require shifts in types of investment and expansion in the use of capital on farms. In this discussion the writer analyzes a capital, credit and loan repayment plan of aid in shifting from cotton to cotton-livestock farming on medium-sized farms in the Southern...

Developing implicit rental rates for capital inputs is an Important step in understanding the Impact of tax law changes on agricultural investments This article develops a methodology for estimating implicit rental rates and presents annual estimates of rental rates for seven categories of farm...

Data on lending activities of major farm real estate ienders are summarized. The loan data show the amount of loans made and repaid during each year as well as the amount outstanding at the beginning of each year. The interest rate data show the contractual rates charged on new loans during each...