As a long term bidding behavior, bid shading is exhibited by wind farms participating in real Uniform Price (UP) markets. This signifies that the wind farm owners bid far below their true long run marginal cost. In this paper, a method is proposed to consider the uncertainty of bidding admission in the long term expected revenue of wind farms. We show that this consideration could perfectly exp...

Policies to mitigate greenhouse gas emissions are likely to increase the prices for fossil fuel based energy. Higher energy prices would raise farmers' expenditure on machinery fuels, irrigation water, farm chemicals, and grain drying. To compute the economic net impacts of increased farm input costs on agricultural production after market adjustment, we employ a price endogenous sector model f...

This study provides quantitative evidence on the local benefits and costs of wind farm developments in England and Wales, focussing on their visual environmental impacts. In the tradition of studies in environmental, public and urban economics, housing costs are used to reveal local preferences for views of wind farm developments. Estimation is based on quasiexperimental research designs that c...

busy for most of the twentieth century. Policy after policy has been tried, rejected, then tried again in an attempt to solve the farm income problem. Ever since the New Deal, we have had price supports for many farm products. Since the Kennedy years, we have added direct payments to the relatively low price supports. All the while, supply control has been a part of most farm bills. None of thi...

The output supply and input demand are closely interlinked to each other. Therefore, any change in input and output prices affect the input demand and output supply simultaneously. The present study used cross sectional cum time series data of Vidarbha region of Maharashtra state for cotton crop for the ten years from 1999-00 to 2008-09 were collected from the Agricultural Prices and costs Sche...

Bumper crops have quickly turned the corn and soybean price boom into a bust. Newcrop corn and soybean futures contracts are down 40 percent and 35 percent respectively in just a few short months. Of course, those farmers that had the foresight to lock in at high prices are completely unaffected by the drop in price. For them, market volatility has created profit opportunities. But all is not l...

Market Year Average (MYA) prices enter into payment calculations for Price Loss Coverage (PLC) and Agricultural Risk Coverage (ARC), two commodity program alternatives available in the 2013 Farm Bill (see here for more details). The distribution of MYA prices will influence payment levels under both programs. Hence, quantifying the potential MYA price distributions is important for evaluating c...

The US farm belt has been mired in recession. Between 1960 and 2000, the food price index for major commodities dropped almost in half, and as a result, farm income has declined (Halweil 2002). Overall conditions in the farm economy in early 2000 were largely a replay of the previous year. Markets for major commodities, particularly field crops, were very weak as supplies remained large (ERS 20...