The agriculture production system in the post-war United States is characterized
as highly specialized and increasingly dependent on off-farm inputs. Although the US
has traditionally supported agriculture with numerous government commodity programs
such as target prices, nonrecourse loans, and deficiency payments, agriculture today is
perceived as one of the major...
National farm legislation seeks to moderate the conditions of low farm incomes and commodity price instability. Homogeneity of producer response is generally assumed in national models of aggregate commodity supply. Differing conditions of soil, climate, production systems, costs of production, markets, etc., could cause disparate acreage responses to the commodity...
The source and nature of permit value and the federal grazing fee debate motivated this dissertation research. There is little doubt that federal grazing permits have value throughout the western United States, but the source of permit value is unclear. A traditional explanation focuses on the capitalized differential between the...
