Multicrop farmers must choose variable input levels and land quantity for each crop. Economic researchers to date have analyzed these two decisions separately, either finding the best land use, given crop technologies, or solving for optimal input levels, ignoring the allocation of land. We show that both these approaches lead to suboptimal decision rules under risk aversion.

The farm real estate market is different from commodity markets because land has unique characteristics such as durability and immobility. Moreover, the heterogeneity of land and relatively low activity of land transactions limits the availability of pricing information for specific properties. Because land is the primary asset and the least liquid of any farm company, its valuation plays an important role in financial analysis. The purpose of this paper is to compare different approaches to estimate the value of land.

An analysis of Conservation Reserve Program contracts obtained during the 1986 sign-up periods indicates commodity program participants enrolled more acreage at higher costs than farmers not participating in other commodity programs. Significant differences also occurred between the various commodity program crops, reflecting the difference in benefits available for these crops.

Dans son budget programme pour la période biennale 1986-1987 qui a été entérine par la onzième réunion do la Conférence des ministres tenue à Addis-Abeba en mai 1985 et ultérieurement approuve par la quarantième session de l'Assemblée générale des Nations Unie. Le présent rapport, est un résume des principales questions soulèves lors du séminaire et des mesures pratiques envisagées pour améliorer les moyens des pays dans le domaine de la commercialisation agricole pour ce qui est des arrangements sous-régionaux en matière de CTPD.

The recent FAO in-depth study on agricultural and food problems in Africa concluded that even the present inadequate food supply situation is unsustainable. Unless major policy decisions are taken and implemented to resolve the food production crisis and reduce the rate of population growth, the trends of the past 25 years will continue and the food supply situation will continue to deteriorate during the next 25 years. Famine of the magnitude experienced during the 1983-1934 drought could become a regular feature even in period of more average rainfall.

This report presents the effects of alternative crop and soil management systems on annual soil losses and revenues by land class and by farm in the Muskrat Lake Watershed, Mountrail County of North Dakota.