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...

Farm numbers and average farm size in the United States have held about constant since the 1974 Census. but the proportion of mid-sized farms has decreased This pattern follows four decades of a strong trend toward fewer and larger farms Markov analysis IS a standard procedure for projecting...

The selling price of agricultural land has shown an unprecedented rise over the last 25 years, due to a number of factors. Economists and real estate men have attempted to appraise the role of (1) land purchases as a hedge against inflation, (2) higher returns per acre, (3) the need for farm...

Estimates of the effect of urbanization on farmland values and eventually food prices are presented. These estimates, which reveal a strong positive relationship between urbanization and farmland values, are used to construct elasticities of farmland value related to population density for the...

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...

A particular numerical analytical technique for solving systems of simultaneous equations which offers several advantages to the user over other numerical techniques is discussed. The Gauss-Seidel algorithm is simply an iterative technique which requires no derivatives, matrix inversion,...

Continuous reorganization of markcll;:s implied by tlH~ process of economic grow til, wherein spcrialization, enlargement of sealc, and applications of technology keep marching onward. Under a regime of privatI.: propcrty, there are continual adaptations of differcllt means for mohili1.ing...