We employ a multi-region computable general equilibrium model of the world economy to estimate changes in worldwide food insecurity that result from the imposition of the U.S. Renewable Fuels Standard.

One of the most fundamental and traditional risk management tools available to agricultural producers is a savings account. Cash reserves in savings provide a safety net for producers, allowing financial obligations and living expenses to be met when unexpected shortfalls in income occur. Crop...

With the 2009 milk prices still fresh on everyone’s mind, there has been increased interest in ways to limit milk price volatility. Using SERF, this paper determined some dairies are willing to pay for limited milk price volatility and found a value they are willing to pay using risk premiums.

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...

Average net farm income was $96,404 in 2003 for the 175 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a 38% increase over the average income of $70,007 in 2002. In constant dollars, 2003 was the most profitable year for...

Average net farm income was $43,762 in 1999 for the 216 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a large increase from the extremely low levels of 1998 and continues the historical pattern of large swings in farm income ....

Average net farm income was $8,616 in 1998 for the 210 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. This is a decrease of 79% from 1997. During the last 20 years, net farm income has been lower than the 1998 level only in 1981 and 1985....