Agricultural Economics & Economics

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Situated jointly within MSU's College of Agriculture and College of Letters and Sciences, our department offers a unique opportunity for students with diverse interests to learn skills in critical analysis, logical problem solving, data and policy analysis, written and oral communication, business management. We train individuals who will make a big difference in the world by applying solid critical thinking skills. Our award-winning faculty has expertise in a wide variety of fields. We conduct cutting-edge research and teach a myriad of courses.

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Author: search.filters.author.Brester, Gary W.End date: 2009

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    The 2007 Farm Bill: Montana Producer Preferences for Agricultural, Food, and Public Policy
    (2007-02) Johnson, James B.; Haynes, George W.; Brester, Gary W.
    The Farm Security and Rural Investment Act of 2002 provides the direction for federal agricultural, food, and public policy through September of 2007. The 2002 Act is the most recent in a series of comprehensive farm bills that have authorized federal farm programs. When the 2002 Act expires, new legislation will guide future programs. In the absence of new legislation, federal farm programs could revert to permanent legislation dating from 1949. The presence of permanent legislation helps provide the impetus needed to insure that agriculture, food, and rural policy issues will be addressed by Congress and by United States Department of Agriculture (USDA) programs.
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    Re-opening the U.S./Canadian Border to Live Cattle and Beef Trade: Estimated Impacts on U.S. Beef Producers
    (MSU Extension, 2005-09) Marsh, John; Brester, Gary W.; Smith, Vincent H.
    In May 2003, Canadian authorities announced that a Canadian cow had tested positive for bovine spongiform encephalopathy (BSE or mad cow disease). Almost at once, the United States and many other countries banned all imports of Canadian cattle and Canadian beef. The consequences for Canadian cattle prices were severe. Export markets accounted for almost 40 percent of Canadian beef production and 30 percent of live cattle sales between 1995 and 2002. As a result, Canadian fed steer prices declined 55 percent from about $US 83/cwt in March of 2003 to about $US 37/cwt in September of 2003.
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    GRP Rangeland Insurance for Montana
    (MSU Extension, 2006-09) Schumacher, Joel Brent; Johnson, James B.; Brester, Gary W.
    A new Group Risk Plan (GRP) Rangeland Insurance product is being offered by USDA’s Risk Management Agency (RMA) in 39 Montana counties. For counties in which this insurance product is not offered, USDA’s Farm Service Agency continues to offer the Noninsured Crop Disaster Assistance Program (See Briefing No. 14). The new GRP Rangeland Insurance product is intended to increase ranch managers’ options for managing risk related to the loss of grazing from any of several causes.
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