This paper estimates a random-coefficients demand system with Bertrand pricing for U.S. poultry shipments using Commodity Flow Survey records linked to manufacturing establishments through the Longitudinal Business Database. The framework adapts differentiated-products methods to freight microdata and highlights the importance of geography and ownership in downstream procurement markets.
This paper develops a text-based measure of Farm Bill uncertainty and studies its effects on U.S. agricultural credit supply. It constructs a Farm Bill Uncertainty Index using a two-stage BERT classifier applied to newspaper articles, identifying Farm Bill coverage and isolating language related to legislative delay, disagreement, and procedural impasse. Merging the index with institution-level data for commercial banks, credit unions, and Farm Credit System institutions, the paper shows that higher uncertainty reduces agricultural lending, with the clearest effects among commercial banks.
This paper studies how technological change facilitates climate adaptation in agricultural land use by examining the evolution of corn specialization in the U.S. Corn Belt. It constructs a county-level Technical Change Index using agro-ecological yield-potential data and combines it with long-run data on land use, weather, and crop insurance outcomes.