Tahun Terbit

2012

Tahun Terbit

2012

Community Supported Agriculture (CSA) contracts allow consumers to buy claims on a farm�s future production. In turn, the consumer provides working capital to the farm during the growing season. CSA contracts also provide risk management for farmers with limited access to Federal crop insurance by transferring part of the farm�s risk to the consumer. We derive a theory of CSA contrac…

Tahun Terbit

2012

This article examines bilateral trade patterns in the Asia-Pacific using a new model in which comparative advantage within the agricultural sector is linked to agro-ecological characteristics, and trade costs are product-specific. Bilateral market share is a function of productivity and trade costs. However, countries with similar land and climate characteristics systematically have high produc…

Tahun Terbit

2012

Tahun Terbit

2012

Domestically funded (and performed) research and development (R&D) has historically been a major source of productivity gains in U.S. agriculture, and a principal source of R&D spillovers to the rest of the world. In the waning decades of the 20th century, U.S. policymakers opted to ratchet down the rate of growth in public support for food and agricultural R&D. As the 21st century unfolds, slo…

The 2014 farm bill reduced expected budgetary costs of US farm programs, according to estimates prepared by the Congressional Budget Office. Cost projections are very sensitive to market conditions and program participation assumptions, and stochastic analysis indicates that farm program costs could easily differ from expected values by $5 billion or more in any given year. By replacing direct…

In this article we estimate a state-contingent production frontier for a group of farms while endogenously estimating the number of states of nature induced by unobserved environmental variables. This estimation is conducted by using a birth-death Markov chain Monte Carlo method. State-contingent output is estimated conditioned on an observed input vector and an a priori unknown number of unobs…