Teaching/Communication/Extension/Profession,

Anonymous

English

Research Papers in Economics

MINUTES OF THE ANNUAL BUSINESS MEETING 
Northeastern Agricultural and Resource Economics Association 
June 24, 1986 
The Annual Business Meeting of the Northeastern 
Agricultural and Resource Economics Association 
was called to order at 3:30 PM at West Virginia 
University, Morgantown, West Virginia by Presi-
dent Bruce Lindsay. 
The Minutes of the June 25, 1986 Annual Meeting 
were approved as printed and distributed to the 
membership in Vol. 14, No. 2, October 1985 Issue 
of the Journal of the Northeastern Agricultural and 
Resource Economics Association. 
Secretary-Treasurer's Report 
Mary Templeton, Secretary-Treasurer, reported in-
come $8,936.47 (membership dues, page charges, 
Journal sales and interest) plus a beginning balance 
$7,087.20 for total assets of $16,023.67 and ex-
penses $14,176.70 (Journal printing costs, awards, 
duplicating newsletters, and stamps) leaving a cash 
balance of $1,846.97 plus $4,499.00 accounts re-
ceivable as of June 15, 1986. 
Membership Report 
Mary Templeton, Secretary-Treasurer, presented the 
following membership report as of June 15, 1986: 
285 regular members, 35 student members, 33 
Honorary Life Members and 11 Distinguished 
members for a total membership of 353. The Secre-
tary-Treasurer indicated membership was down 88 
members from a year ago. 
Editor's Report 
Cleve Willis, Editor, reported that the new Editor 
James Dunn was on duty as of June 1, 1986 and was 
now accepting papers for the Spring issue. He sug-
gested that the Executive Committee extend a wel-
come to the new editor. Editor Willis will be com-
pleting his term as Editor with the printing of the 
October issue of Northeastern Journal of Agricul-
tural and Resource Economics, Volume 15, No. 2, 
1986. Editor Willis reported that the new members 
appointed to the editorial board are as follows: 
George McDowell, Massachusetts; Ronald Cot-terill, 
Connecticut and George Shortle, Pennsylvania. He 
also extended his appreciation to the following 
board members whose terms are expiring their 
editorial assistance: Marilyn Altobello, Connecticut, 
Mark Bailey, ERS, USDA and Bill Les-sley, 
Maryland. 
Auditor's Report 
Robert Jack presented the Auditor's Report. A motion 
was made by Robert Jack to accept the report. The 
motion was seconded by Frank Goode and passed. 
The financial report submitted to the membership at 
this meeting was found to be true and accurate of 
the items in the accounting records and bank 
statements of Mary E. Templeton, Treasurer-
Secretary for the Northeastern Agricultural and Re-
source Economics Association as of June 15, 1986. 
Finance Committee Report 
Virgil Norton Chairman, Neil Pelsue and Walter 
Armbruster reviewed the financial position of the 
Association based on the 1986 audit. Chairman 
Norton pointed out that the Association was expe-
riencing a cash flow problem due to the printing of 
two journal (1985 Fall and 1986 Spring) issues of 
NAREA simultaneously, not providing sufficient 
time for Fall 1985 page charges to be paid before 
receiving the invoice for the 1986 Spring issue. The 
Finance Committee recommendation was to refer the 
matter of increasing or decreasing dues and page 
charges to the new Board of Directors to be reviewed 
at their October Meeting. 
Selected Papers and Symposium Committee 
Report 
David Lee, Chairman, Selected Papers and Sym-
posium Committee reported that 19 papers were 
submitted and 14 were accepted. He noted there was 
a sharp decrease in the number of papers submitted; 
however there was an increase in the number of 
symposia submitted. Each paper submitted was 
reviewed by three anonymous reviewers. Chairman 
Lee encouraged the authors to submit a 100 word 
abstract to Cleve Willis for publication in NAREA 
Journal. 
Master's Thesis Awards Committee Report 
Boris Bravo-Ureta, Chairman of NAREA Master's 
Thesis Award Committee, reported that the Com-
mittee was very pleased with the 16 theses sub-
mitted from 10 universities. The Committee con-
sisted of six members. Each thesis was read by all 
six members. 194    October 1986 
The following Awards were  presented at the 
Awards Luncheon: 
A. Outstanding Thesis Award recipient: 
Carol Lee Sarnat, University of Massachu-
setts for "A Sequential Decision Framework for 
Evaluating Groundwater Supply Alternatives 
Under Uncertainty." The Chairman of her Thesis 
Committee was Cleve Willis. 
B.  Award of Merit recipients: 
•i 
1. Jonas B. Kauffman, III, Cornell University 
for "Successful Dairy Farm Management Strat-
egies: A Stochastic Dominance Analysis of Farm 
Records." The Chairman of his Thesis 
Committee was Loren Tauer. 
2. Nancy Anders Norton, University of 
Maryland for '' The Effect of Acreage Reduction 
Programs on the Production of Corn, Wheat, 
and Cotton: A Profit Function Approach." The 
Chairman of her Thesis Committee was Bruce 
Gardner. 
Undergraduate Essay Awards Committee Report 
Donald Marion, Chairman, Undergraduate Essay 
Awards Committee indicated that five undergraduate 
papers were submitted, two each from 
Pennsylvania State University and University of 
Massachusetts and one from Cornell University, 
which was a big improvement over last year when 
only two papers were submitted. The award for the 
Outstanding Undergraduate Essay was presented 
to Amitraject A. Batabyal, Cornell University, for 
his paper entitled, "Resource Endowments and 
Anomalies in International Trade Patterns: A Study of 
India and Japan and the U.S.A." Batabyal received 
a $100 cash award, and a certificate and in addition 
the paper will be published in the NJARE. A 
Certificate of Merit for an Undergraduate Essay was 
presented to: David G. Waddington, Pennsylvania 
State University, for his paper entitled, "Nonpoint 
Source Pollution: Past, Present, and Future." 
Distinguished and Honorary Life Member 
Award Report 
Marvin Kottke, Chairman, K.D. Mclntosh, and 
George Frick, members of the Awards Committee, 
reported that Robert Sinclair, University of Vermont 
was recipient of the Distinguished Member Award 
and Ray Smith, University of Delaware was the 
recipient of Honorary Life Member Award at the 
Award Luncheon. These awards were presented to 
the recipients at the Awards Luncheon. 
Appreciation—Editor and Nomination Committee 
A motion was made and seconded and passed unan-
imously giving Cleve WUUs, Editor, and Virgil Nor- 
NJARE 
ton and his nominating committee a vote of appreci-
ation. 
Resolutions Committee 
Resolutions Committee consisted of Frank Goode 
chairman and Alan Kezis. Frank Goode moved the 
following resolutions be adopted by the association. 
RESOLUTIONS 
Be it resolved that the Northeastern Agricultural 
and Resource Economics Association express its 
sincere appreciation to the faculty, students, and 
staff of the Division of Resource Management, 
West Virginia University for hosting the 1986 An-
nual Meeting. Special appreciation is extended to 
Mary Templeton, Conference Chairperson. 
Be it further resolved that President-Elect Steve 
Hastings be recognized for his efforts in arranging 
the NAREA program consisting of three invited 
presentations, five selected paper sessions, and four 
Organized Symposia. 
Finally, be it resolved that the efforts of David 
Lee and Virgil Norton be acknowledged. David's 
efforts on behalf of the Selected Paper Committee 
and Virgil Norton's on behalf of the Nominations 
Committee that effectively instituted the Associa-
tions new election procedures. 
The resolutions committee requests that copies of 
these resolutions be sent to the appropriate ad-
ministrative officers at the West Virginia Univer-
sity, the University of Delaware, Cornell Univer-
sity, and the University of Maryland. 
The proposed motion was seconded and passed. 
Fall Executive Committee Meeting 
David Storey confirmed that the next Executive 
Committee would meet October 20, 1986, at the 
University of Massachusetts, President's Confer-
ence Room on the 13th floor at 2150 Stewart Street, 
Boston, Massachusetts. 
President's Message 
Bruce Lindsay, President presented the following 
remarks: 
The past two years in office have been very en-
joyable and rewarding. I have made a lot of new 
friends and received a high degree of cooperation. 
In fact, the past two years have seemed like a dream. 
In 1972, I joined our Association as a graduate 
student at the University of Massachusetts and at-
tended my first annual meeting at the University of 
Rhode Island. Throughout the ensuing years, I pre-
sented papers, published in our Journal, served on 
committees, and chaired paper sessions as part of 
being an Association member. I never had aspira- Abstracts 
tions for serving as an officer. When I was asked to 
run for President-Elect, I felt this to be professionally 
something very special. I would encourage our 
membership to get involved in Association activities. 
You will find it to be rewarding both on professional 
and social levels. 
I would like to thank my departmental chairper-
son, Ed Jansen, for allowing me a flexible schedule 
to handle my Association responsibilities. I also 
thank Dave Storey and Marilyn Altobello for the 
help they provided in organizing last year's annual 
meeting at the University of Massachusetts. Appre-
ciation is extended to Past President, Virgil Norton, 
for allocating a large amount of time to our Asso-
ciation. I also extend a thank you to Secretary-
Treasurer, Mary Templeton for dedication to our 
activities and the advice she has extended to me. I 
would also like to acknowledge the assistance given 
Minutes    195 
to me by Lee Day and Steve Hastings in carrying 
out my responsibilities. 
I wish President Hastings a good, productive year 
and look forward to helping him. Thank you 
members for making my two years in the office very 
rewarding. 
There being no new business, Bruce Lindsay 
turned the gavel over to Steve Hastings the New 
President. Steve solicited volunteers for NAREA 
committee appointments, nominations for Distin-
guished and Honorary Life Members Awards and 
items for the Newsletter. 
The meeting was adjourned at 4:15 pm. 
Submitted by 
Mary Templeton 
Secretary-Treasurer GUIDELINES FOR MANUSCRIPT SUBMISSION  
FOOTNOTES: In general, the use of footnotes 
should be avoided. Use footnotes only for non-
reference material. Number them consecutively 
and type double spaced on separate pages at the 
end of the manuscript. Any acknowledgments 
should be the first footnote and it should not be 
numbered. 
REFERENCES: List references alphabetically and 
unnumbered on a separate page or pages at the end 
of the manuscript with the heading, "REFER-
ENCES." Use the same format for references as is 
used in previous issues of this Journal. List only 
those actually cited. Refer to references by the 
names of the authors. Cite the year of the publica-
tion if an author has more than one reference cited. If 
there is more than one in a given year then use, e.g., 
1981a, 1981b. Authors can be referred to in the text 
parenthetically as (Smith) or (Jones, 1981) or 
(Smith, p. 5) or the names can be used as part of a 
sentence such as "Smith and Jones maintain . . ." 
REVIEW: All manuscripts submitted will be refer-
eed by the editorial board and others selected for 
their professional competence. PAGE CHARGE: A 
page charge is billed to the department or agency 
after the article is accepted for publication. 
 In addition to the invited papers, 20 manuscripts 
were submitted and 11 were accepted for this issue. 
ELIGIBILITY: At least one author must be a member 
of NAREA. 
SUBMISSION: Three copies of the manuscript 
should be submitted. A manuscript can be submitted at 
any time but the deadlines for consideration for the 
fall and spring issues are, respectively, May 31 and 
November 30. 
TITLE PAGE AND ABSTRACT: On a separate 
page list the title of the paper, the authors, their titles 
and affiliations, and an abstract not to exceed 100 
words. The title will be repeated on the first page of 
the manuscript but not the authors' names. 
TYPING: The manuscript should be typed on S
1/: x 
11 standard weight paper and all material including 
references and footnotes should be double spaced. 
TABLES: Each table should be on a separate page in 
camera ready condition. Titles should be short and 
descriptive. 
FIGURES: Prepare on heavy white paper using India 
ink or other materials suitable for photographic 
reproduction. Most will be reduced so typescript 
should be avoided. 
MATHEMATICAL NOTATION: Use only essential 
notation and use standard type to the extent possible. 
  *  *  *  *
ACKNOWLEDGMENTS: In addition to the Edi-
torial Board, the following NAREA members 
generously contributed their time and professional 
talents and judgment in reviewing the manuscripts 
submitted for this issue: P. Geoffrey Alien, Mas-
sachusetts; Boris E. Bravo-Ureta, Connecticut; 
George Casler, Cornell; Gerald L. Cole, Delaware; 
Ronald W. Cotterill, Connecticut; Johannes Del-
phendahl, Maine; P. S. Dhillon, Rutgers; Robert 
Dismukes, ERS/USDA; Donald J. Epp, Pennsylva-
nia; Barry C. Field, Massachusetts; Jill L. Findeis, 
Pennsylvania; Conrado Gempesaw, Delaware; Milton 
C. Hallberg, Pennsylvania; Anwarul Hoque, West 
Virginia; Edmund F. Jansen, Jr., New Hampshire; 
Marvin Kottke, Connecticut; Eddy L. LaDue, 
Cornell; Daniel A. Lass, Massachusetts; Michele C. 
Marra, Maine; Norman Payne, Farm Credit Banks; 
Stanley Seaver, Connecticut; James Shortle, 
Pennsylvania; Spiro Stefanou, Pennsylvania. 
PUBLISHED BY THE NORTHEASTERN AGRICULTURAL 
AND RESOURCE ECONOMICS ASSOCIATION PRINTED BY 
HEFFERNAN PRESS, WORCESTER, MASSACHUSETTS 

MINUTES OF THE ANNUAL BUSINESS MEETING, NORTHEASTERN AGRICULTURAL AND RESOURCE ECONOMICS ASSOCIATION, JUNE 24, 1986

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Research Papers in Economics