Farm programs of the Federal Government kept farm prices and incomes higher than they otherwise would have been in 1953-65, thereby providing economic incentives to growth in output sufficient to keep farm prices lower than otherwise during 1968-72. The latter result differs significantly from...

A stochastic computer simulation model is used to estimate disaster payments under the Agriculture and Consumer Protection Act of 1973. The model uses a random yield generator and actuarial techniques. Simulated payments under 1976 program parameters and stochastic yields are estimated at $300...

Most analyses of allocative efficiency under different forms of agricultural tenure - share tenancy, fixed cash tenancy, and owner cultivation - employ single product models of production These models show that risk sharing encourages share tenants to produce as much as or more that equally...

Shares held by three large processing firms of open-interest futures positions in soybeans, soybean meal, and soybean oil varied substantially among commodities and individual contract months during 11)57-66. Concentration was frequently higher in soybean meal tllan in soybean oil, and lowest in...

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...