ENTRY INTO FARMING: THE EFFECTS OF LEASING AND LEVERAGE ON FIRM SURVIVAL

Agribusiness,

Ex Ante Evaluation ofthe Economic Impact of Agricultural Biotechnology: The C~of Porcine Somatotropin

Introduction of a new growth hormone, porcine somatotropin, will have a significant impact on the U.S. pork industry. Ex ante effects are estimated using a linear elasticity model, which accounts for interrelationships between domestic and international markets for hogs and pork, different adoption rates and lengths of run for supply, and consumer demand shifts from leaner pork. The paper shows how to use experimental data to quantify production function and supply shifts. Results indicate that, for a five-year adjustment period, producers' surplus will increase between $250 million and$720 million; consumers' surplus will increase between $900 million and$1.95 billion

Agricultural lending: What have we learned?

The current economic expansion is now the longest in US history. While most industries are prospering, the same cannot be said of agriculture. In 1999, turmoil in international markets meant decreased demand for agricultural products at a time when the safety net for agriculture had been vastly altered

Agricultural lending: What have we learned?

The current economic expansion is now the longest in US history. While most industries are prospering, the same cannot be said of agriculture. In 1999, turmoil in international markets meant decreased demand for agricultural products at a time when the safety net for agriculture had been vastly altered

U. K. CONSUMERS' WILLINGNESS TO PAY FOR LEANER PORK PRODUCTS

u. K. consumers I willingness to pay for leaner pork .was estimated using data from 202 in-home intetviews in 1989. Econometric estimates were obtained for four products using Heckman Is two-step estimator. Mean willingness to pay estimates range from 8.55% for sausage to 12.8% for joints

FEDERAL CROP INSURANCE VS. ASCS DISASTER ASSISTANCE FOR TEXAS HIGH PLAINS COTTON PRODUCERS: AN APPLICATION OF WHOLE-FARM SIMULATION

A typical Texas High Plains cotton farm was simulated over a 10-year planning horizon using the FLIPSIM IV model to compare the effects of (a) participation in the Federal Crop Insurance (FCI) program, (b) participation in the ASCS low yield disaster program with either high or low target prices, or (c) nonparticipation. It was found that the highest level of crop insurance provided similar benefits as the disaster program