Although managing labor has become important for farm operations’ success, training and education for farm managers focuses on agricultural production management and few studies provide an empirical basis on how agricultural labor management differs from labor management in other industries....

Although the key concept of a quota is simple – to set a limit on production – the market and welfare implications of operating a quota system are relatively complex. The purpose of the analysis reported in this paper is to address two aspects relevant to an evaluation of quota systems. First,...

Legislation has prompted changes in milk price volatility. Milk price volatility impacts the producer's exposure to business risk which is compound by the firms financial risk. Financial risk is a function of the firms capital structure. In the short run it is difficult for the producer to...