This study develops a dynamic multi-output model of farmers’ crop allocation decisions that allows estimation of both short-run and long-run adjustments to a wide array of economic incentives. The method can be used to inform decision makers on a number of issues including agricultural policy reform and environmental regulation. The model allows estimation of dynamic effects relating to price expectations adjustment, investment lags, and crop rotation constraints.

Land reform was launched in the Republic of Georgia in 1992, about a year after the
country gained its independence from the Soviet Union. While an impressive land
individualization process has been in effect since then, the pace and the performance of
this process are far from satisfactory. This is due to a combination of institutional and
economic constraints. We use comparable survey data from 1996 and 2003 and show
that the land reform has been progressing mainly through land leasing. This allows

Agricultural land values and cash rental rates in South Dakota, by region and by state, are the primary topics of this report. Target audiences are farmers and ranchers, landowners, ag professionals, and policy makers interested in ag land market trends. The report contains results of the 2007 SDSU SD Farm Real Estate Market Survey, developed to estimate ag land values and cash rental rates by land use in different regions of South Dakota.

Systems thinking is a tool that can be used by faculty to facilitate the exercise of integration while promoting critical thinking in the classroom, which is hypothesized to improve student learning. This paper describes a pilot study undertaken in 2003 in an undergraduate economics course. The paper reflects on the experiences incorporating the use of systems thinking to improve interdisciplinary learning from both the learner and teacher perspective.

Although a large theoretical literature discusses the possible inefficiency of sharecropping contracts, the empirical evidence on this phenomenon has been ambiguous at best. Household-level fixed-effect estimates from about 8,500 plots operated by households that own and sharecrop land in the Ethiopian highlands provide support for the hypothesis of Marshallian inefficiency. At the same time, a factor adjustment model suggests that the extent to which rental markets allow households to attain their desired operational holding size is extremely limited.