100 percent of what?
Agriculture’s boom-bust cycles: is this time different?
Agriculture in the United States is notorious for its cycles of boom and bust. Golden eras of a booming farm economy often fade quickly as economic and financial market conditions change. Today, U.S. agriculture is in the midst of another farm boom. Henderson, Gloy and Boehlje examine the foundation of the boom-bust cycle and find that U.S. farm incomes are swelling because of record high exports and strong demand for biofuels. Simultaneously, with historically low interest rates, farmland values have reached record highs. Although current conditions mirror the past, farmers have hesitated to ...
Old MacDonald's evolving farm
Alternative livestock markets still small and volatile, but appear to be growing.
The farm slump eases
Another big package of government financial aid cushioned the farm slump in 2000 but did little to lift agriculture's spirit. Overall, the industry's major financial indicators stayed remarkably healthy. Farmers delivered more red meat and poultry to supermarkets than ever before, and strong consumer demand in the robust U.S. economy boosted livestock prices and profits. But another big crop swamped still sluggish global markets, and weak crop prices held down farm incomes. In the end, help from Washington propped up the industry's financial indicators for the third consecutive year.> Barkema ...
Not your father's farm recession
Outside the winner’s circle
High land and crop prices are benefiting a lot of farmers, but hurting some?badly.
Aid, trade, and agriculture
Why are estimates of agricultural supply response so variable?
Estimates of the response of agricultural supply to movements in expected price display curiously large variation across crops, regions, and time periods. We argue that this anomaly may be traced, at least in part, to the statistical properties of the commonly-used econometric estimator, which has infinite moments of all orders and may have a bimodal distribution. We propose an alternative minimum-expected-loss estimator, establish its improved sampling properties, and argue for its usefulness in the empirical analysis of agricultural supply response.
Conditions turn up for dairy farmers
Lower prices trim dairy farmer earnings