We construct a stochastic dual model to investigate the structural adjustment of three aggregate input and two aggregate output categories in U.S. agriculture under climatic change uncertainty. A century of national annual data (1910-2011) is used in the empirical analysis. Independent and...

Biofuels, as alternative transportation fuels, are now being used globally. Taking advantage of in-state feedstock supply is an efficient way to stimulate in-state biofuel industries and the local economy. This paper uses the mean-variance model of utility maximization to estimate supply...

This article examines factors driving technical change, technical efficiency, and scale and mix efficiency – all components of total factor productivity – in U.S. agriculture. We use economic theory and previous literature to identify explanatory variables affecting each component and...

Recent consolidation in agriculture has shifted production toward fewer but larger farms, reshaping business relationships between farmers, processors, input suppliers, and local communities. We analyze growth and diversification of U.S. corn, wheat, apple, and beef farms by examining...

Agricultural production economics research is examined within a broad framework of scientific development and utilization. Recent findings in selected areas of the subdiscipline are examined and opportunities for further fruitful inquiry are identified. A few 'stylized facts' emerge from recent...

Own- and cross-price production elasticities, estimated in four major agricultural states (California, Iowa, Texas, and Florida), measure the sensitivity to price changes of as many as 25 individual crop and livestock output supplies and six input demands. While most responses were highly...

This paper reports meta-regressions of substitution elasticities between greenhouse-gas (GHG) polluting and nonpolluting inputs in agricultural production. We treat energy, fertilizer, and manure collectively as the “polluting input” and labor, land, and capital as nonpolluting inputs. We...

This article examines nutrient deficiencies (below guaranteed levels) in major blended commercial fertilizers and their economic impact on net revenues of Texas farmers. Violations by fertilizer manufactures in meeting specific labeled nutrient levels were more than offset in economic value by...

Aggregate dual models are specified to examine multiple-output production relationships in each of four major, geographically dispersed, agricultural states (California, Iowa, Texas, and Florida). Three locally-flexible functional forms (translog, generalized Leontief, and normalized quadratic)...