Spreadsheets and statistical techniques are used to develop optimal cross-hedging ratios. Emphasis is placed on use of principles of economics and their application to the decision making process. Includes extensive computer exercises on the application of principles of specific farm management problems. An economic approach to problems of evaluating private and social benefits and costs of altering the environment. Agricultural and food policies studied from domestic and international perspectives.
Course examines public policy in terms of rationale, content, and consequences.
Economic framework used to assess policies to improve competitive structure, operation, and performance of U.S. and international food and agriculture. Farm, international trade, resources, technology, marketing and consumer policies analyzed.