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Newsletter
Less acres, high usage boost grain prices
Journal Article
The nation's food
Journal Article
How will the 1996 Farm Bill affect the outlook for District farmland values?
Farmland values in the states of the Tenth Federal Reserve District rose about 5.5 percent over the year ended June 30, 1997. Indeed, over the past two years prices in many parts of the country have risen sharply. The jump in farmland values comes at a time of dynamic change in the farm sector. Last year, the federal government enacted sweeping farm legislation that both lowers payments to producers and removes many government controls on farm production.> Government payments have been an important source of farm income for many years, and have likely been capitalized into farmland values. ...
Working Paper
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.
Journal Article
Drought 1988: farmers and the macroeconomy
Journal Article
District hog prices hit historic lows
Journal Article
Cloudy farm picture
Journal Article
Crop costs and farm survival
Journal Article
Agricultural supply and price developments
Journal Article
An update on the farm economy