The purpose of this paper is to show how the allocation of research resources among commodities and the effects of such allocations on the output mix depend upon (a) the initial production conditions, (b) the nature of the research production functions, and (c) the nature of the demand relations...

Average net farm income was $36,614 in 2001 for the 207 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a sharp drop (55%) from the average net farm income of $81,750 in 2000 (Figure 1). As in previous years, the actual profit...

Average net farm income was $81,750 in 2000 for the 212 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. The median or middle income was $69,414. This is the second annual increase from the extremely low levels of 1998. Almost all of the...