Interest in sustainable agriculture probably had its roots in the concept of sustainable development. There exist no agricultural production technologies or farming systems that are environmentally benign. The question thus becomes "what is sustainable and what is not?" The two underlying themes...

The March, 2015 pdf version is recently-edited from a paper written in the late 1980s. A scanned copy of the paper as written in the late 1980s is also available for download. Students who wish to use their math skills to verify each equation and elasticity calculation may wish to download both...

These are a series of color slides and exercises for providing key elements of an Introduction to Benefit/Cost and Project Analysis. There are five parts or sections. Part 1 provides an Introduction to Compounding and Discounting. Part 2 outlines a method for determining project worth. Part 3...

The objective of this paper is to examine the responsiveness to price incentives of petroleum exploration, the generation of proven reserves and the production out of reserves in the United States. First, a theoretical framework of oil extraction and supply is developed. Next, an econometric...

This paper examines the impacts of potential higher prices and short supplies for energy inputs used in the production of agricultura1 commodities. We focus specifically on the issue of the extent to which the cost or availability of energy inputs might lead to a situation in which the United...

In this article, we trace the historical development of analytical (quantitative) research techniques used in empirical agricultural economics research by examining the articles in volumes of the Journal of Farm Economics (JFE) and the American Journal of Agricultural Economics (AJAE) from its...

In this paper we determine the extent to which information about the comparative importance of major sectors of a state's economy can improve the ability to forecast compound annual growth rates in personal income. We first calculate compound growth rates in disposable personal income per capita...

This paper develops an econometric model of petroleum discovery and extraction. Impacts of three selected price policies for petroleum are analyzed with the model. Higher oil prices do encourage additional domestic oil exploration and extraction.

Forward formula pricing in wholesale red meats markets cause transactions quantities and prices to be determined at different times. Use of purchase limits in meat retailing is symptomatic of disequilibrium marketing. Price analysis on specific cuts indicates short-run disequilibrium but...