THE INDUSTRIALIZATION OF AGRICULTURE: IMPLICATIONS FOR FUTURE POLICY

Farming is in the midst of a major transformation—not only in technology and production practices, but also in size of business, resource (land) control and operation, business model and linkages with buyers and suppliers. This paper describes the fundamental drivers of today’s structural change in U.S. agriculture. The impact of the drivers are illustrated by describing some illustrations of the kinds of innovative farming operations that are developing in agriculture, not the typical farms but those who appear to be leading and shaping the new agriculture. Finally, farm policy implications of the transformation of farming to an industrial manufacturing model are discussed.Farm policy, industrialization of agriculture, structural change, biological manufacturing

Energy Efficient Engine Program: Technology Benefit/Cost Study, Volume II

The Benefit/Cost Study portion of the NASA-sponsored Energy Efficient Engine Component Development and Integration program was successful in achieving its objectives: identification of air transport propulsion system technology requirements for the years 2000 and 2010, and formulation of programs for developing these technologies. It is projected that the advanced technologies identified, when developed to a state of readiness, will provide future commercial and military turbofan engines with significant savings in fuel consumption and related operating costs. These benefits are significant and far from exhausted. The potential savings translate into billions of dollars in annual savings for the airlines. Analyses indicate that a significant portion of the overall savings is attributed to aerodynamic and structure advancements. Another important consideration in acquiring these benefits is developing a viable reference technology base that will permit engines to operate at substantially higher overall pressure ratios and bypass ratios. Results have pointed the direction for future research and a comprehensive program plan for achieving this was formulated. The next major step is initiating the program effort that will convert the advanced technologies into the expected benefits

The evolving legal framework for private sector activity in Slovenia

The government of Slovenia is moving rapidly to promote the growth of an efficient market economy and the private sector. One of the major tasks it faces is the development of a legal framework that can act as a decentralized"invisible hand"to replace previous administrative controls and steer the private market in an efficient direction. This paper describes the current legal framework in Slovenia in several areas -- including constitutional, real property, intellectual property, company, foreign investment, bankruptcy, contract, and antimonopoly law. These areas of law serve to define: (a) property rights; (b) the means to exchange them; and (c) the rules for competitive market behavior. In essence they form the bedrock of a legal system for a market economy.Judicial System Reform,National Governance,Legal Products,Environmental Economics&Policies,Legal Institutions of the Market Economy

Analysis and acoustooptical measurements of bulk and surface acoustic wave fields

The development of multielement ultrasonic transducers having full field amplitude and phase control is discussed. In addition, the measurement of the surface particle displacement caused by an idealized impulse load on the surface, the three dimensional mapping of acoustic fields using optical scanning techniques, and the measurement of two dimensional stress distributions using embedded optical fiber sensors are addressed

RISK AND RETURN TO IP GRAIN PRODUCTION: THE CASE OF HIGH OIL CORN

Returns for soybeans, commodity corn and high oil corn under an export and domestic market buyer's-call contract were simulated. High oil corn is competitive with commodity corn when yield drag is two percent and bundling reduces seed cost. Commodity loan rate is important in reducing high oil corn price risk.Crop Production/Industries,

Preliminary design study - Oxidizer tank relief valve, Flox-Atlas airborne Final report

Protecting fluorine-liquid oxygen Atlas launch vehicle oxidizer tank against overpressurizatio

Innovativeness and Innovation: Implications for the Renewable Materials Supply Chain

innovativeness, innovation, supply chain management, triple bottom line, corporate social responsibility, Agribusiness, Agricultural Finance, Demand and Price Analysis, Financial Economics, Q10, Q27, Q42, Q47,

Valuing Limited Information in Decision Making Under Uncertainty

Fresh Juice Inc. (FJI) is in the process of determining whether they should launch a new fruit juice in a market that has been relatively stagnant for the last 15 years. Management of FJI is faced with uncertainty surrounding market share, market size, price, and competitor entry. In addition, FJI has the ability to chose between alternative production processes; this choice directly affects the likelihood the investment will return a positive Net Present Value. This case teaches students how to develop a stochastic simulation models given limited information to analyze risk investment decisions.: simulation, uncertainty, strategic management, flexibility, limited information, investment analysis

Is Growing Livestock Inventories a Sustainable Initiative Given Phosphorus Crop Removal Regulations?

As environmental regulations continue to tighten and shift from nitrogen to phosphorus-based application standards for manure, phosphorus removal will become increasingly important for any state considering a livestock growth initiative. A framework was developed that can determine a state’s phosphorus removal capacity based upon production of livestock and crops and varying phosphorus removal standards. The state level results indicate that Indiana, along with Arizona, Illinois, Iowa, Kansas, and Texas, are well positioned to undertake a livestock growth initiative given that each state has excess phosphorous removal capacity.Agribusiness, Livestock Production/Industries,