ESTABLISHING PEANUT PURCHASING CONTRACT TERMS WITH UNCERTAIN MARKET PRICES AND INPUT SUPPLIES

Demand and Price Analysis,

THE STRUCTURE, PERFORMANCE, AND SUSTAINABILITY OF AGRICULTURE IN THE MOUNTAIN REGION

Farmers in the Mountain Region-in both metro and nonmetro areas-face growth in population and nonfarm employment that affects land use and how farmers operate their businesses. Even in remote locations, people moving to amenity areas may result in farmers changing their operations. Sustainable agriculture, already practiced by Mountain Region farmers to some extent, may help farming to continue. Nonfarm people also have an interest in the continuation of agriculture and the adaptation of sustainable practices, in order to help preserve the amenities that make the region attractive to migrants. Growth in the region does provide some benefits to farmers, however. Growth can help keep the value of farmland up through nonfarm demand for land. In addition, the greater availability of jobs means that off-farm work is available to households operating farms. Off-farm work is particularly important, given the concentrated distribution of farm income.Production Economics,

Recent Changes in Farm Structure: A Canada-U.S. Comparison

Following a series of bilateral and multilateral agreements, the past two decades have seen increased trade and investment liberalization between Canada and the United States in the agri-food sector. Changes in trade policy are one of several paths by which farm structure can change. This increased liberalization, together with the largest drop in Canadian farm numbers recorded by the Census of Agriculture in thirty years, has provided the impetus to review some aspects of farm structure. In particular, this article presents the latest Canadian and U.S. data on the number of farms by sales class, the concentration of sales and other production-related variables, and the distribution of income and receipts. We explore whether significant changes in the latter two elements of farm structure have occurred during this period of trade and investment liberalization.Crop Production/Industries, Farm Management, International Relations/Trade,

FORWARD CONTRACTING WITH UNCERTAIN INPUT SUPPLIES: A RISK PROGRAMMING APPROACH

Forward contracting with uncertain input supplies and prices was investigated and a decision technique developed. Uncertain input supplies increased the risk in forward contracting. A case study of a large peanut marketing firm demonstrated the effect of uncertain input supplies on the optimal proportion of expected production to forward contract

THE STRUCTURE, PERFORMANCE, AND SUSTAINABILITY OF AGRICULTURE IN THE MOUNTAIN REGION

Farmers in the Mountain Region-in both metro and nonmetro areas-face growth in population and nonfarm employment that affects land use and how farmers operate their businesses. Even in remote locations, people moving to amenity areas may result in farmers changing their operations. Sustainable agriculture, already practiced by Mountain Region farmers to some extent, may help farming to continue. Nonfarm people also have an interest in the continuation of agriculture and the adaptation of sustainable practices, in order to help preserve the amenities that make the region attractive to migrants. Growth in the region does provide some benefits to farmers, however. Growth can help keep the value of farmland up through nonfarm demand for land. In addition, the greater availability of jobs means that off-farm work is available to households operating farms. Off-farm work is particularly important, given the concentrated distribution of farm income