A multicommodity, multiregional linear programming model is employed to obtain price differentials between 16 U.S. regions for corn, barley, grain sorghum, and oats. The price differentials are used to obtain loan support rates (for the 1974 crop) in each region, for each grain, so that relative...

American agriculture is again being asked to expand output to meet national emergency needs. BAE, in cooperation with the Land-Grant Colleges and other agencies, is undertaking a survey of the potentialities for increasing farm output in 1952 and later years. This paper compares the performance...

Simulations of the U.S. dairy industry under a variety of conditions indicate that milk price variability would be considerably greater in the absence of price supports. Milk production would also be more variable, but significantly less than would milk prices. Summary statistics for the 1955-78...

Optimal hedging level, minimum-risk hedging level, and hedging effectiveness are defined in a manner consistent with portfolio theory and used to analyze hedging potential in cattle feeding. Estimated upper limits on optimal hedging levels ranged from 0.56 to 0.88 unit of short futures per unit...

The dairy industry is based on the production of a raw product that is nearly homogeneous— whole milk—on farms geographically scattered, and the disposal of this raw product in alternative forms—fluid milk, cream, manufactured products—and to alternative metropolitan...

The poultry� and egg�sector submodel of USDA's Food and Agricultural Policy Simulator (FAPSIM) endogenously estimates supply, production, ending stocks, retail and wholesale prices, civilian consumption of chicken, turkey, and eggs, the number of layers on farms, the consumer price...

In 1969, formula feed manufacturers utilized 23.1 percent of all the feed grains and wheat fed to livestock. Estimates of aggregate demand by the mixed feed ind.:-stry for corn, oats, barley, grain sorghum, and wheat are presented. As expected, all of the feed grains have elastic demands. Grain...