[Supporting Material for “A Bounds Analysis of World Food Futures: Global Agriculture Through to 2050.” Australian Journal of Agricultural and Resource Economics 2014 (forthcoming)]

Average net farm income was $69,787 in 2009 for the 95 farms included in this annual report of the Southwestern Minnesota Farm Business Management Association. Average earnings decreased by 63% from $190,901 in 2008. This continues the downward trend that began in 2008 after six years of steady...

Economic Research on Pesticide Use and Specialization in Dairy Farming

The United States was the first country in the world to explicitly offer intellectual property protection for plant varieties. Beginning in 1930, asexually reproduced plants were afforded plant patent protection, in 1970 sexually propagated plants could be awarded plant variety protection...

This report gives a comprehensive overview of a three-year extension education program designed to provide educational/technical assistance to the tourism industry serving the Boundary Waters Canoe Area (BWCA) in northeastern Minnesota.

Underreporting of income is a costly problem for the government and for those people who do pay their taxes, due to the necessity of higher tax burdens to sustain a given amount of revenue. An extensive research report published by the IRS this year estimates that in the United States in 2006...

Over the past 50 years and longer, the supply of food commodities has grown faster than the effective market demand, in spite of increasing population and per capita incomes. Consequently, the real (deflated) prices of food commodities have steadily trended down. The past increases in...

This Plan B paper improves and expands on the work of Wang (2011). Using data from the Consumer Expenditure survey and the American Community Survey we estimate regional food expenditures for 19 food categories in Southeast Minnesota and the Twin Cities Metro. Wang's original research almost...

A common approach in the literature, whether the investigation is about futures price risk premiums or biases in option-based implied volatility coefficients, is to use samples in which consecutive observations can be regarded as uncorrelated. That will be the case for non- overlapping forecast...