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Item Role of Politically Linked Agricultural Policy and Trade on the Performance of Turkish Agriculture(North Dakota State University, 2019) Ergun, EkremThe Republic of Turkey has seen a rise in its gross domestic products (GDP), a fall in the share of agriculture percentage of GDP and a contributive role of politically connected development plans that introduce agricultural policies and trade as regional trade agreements (RTAs). It is necessary to gauge the contribution of policy and trade changes to the performance of the Turkish agriculture sector. The primary objective of this thesis is to estimate the performance of the Turkish agriculture sector between 1961 and 2016 using data envelopment analysis (DEA). The secondary objective is to evaluate the impact of politically connected development plans that introduce agricultural policies and trade as regional trade agreements (RTAs) on the performance of Turkish agriculture production. As one of the results, the performance of Turkish agriculture production shows decreases in the following a rise in the number of the regional trade agreements.Item Precision Agriculture Technology Adoption and Usage in North Dakota(North Dakota State University, 2019) Cossette, Maximillion KirkThe world population is projected to rise, and there is a growing concern of future food availability. Precision agriculture technologies are one solution to this problem as they aim to produce more food on less land. This study examines the adoption and intensity of precision agriculture technology usage by producers in North Dakota. Data from a North Dakota State University survey was collected and analyzed using an econometric double-hurdle model. Results of the study describe which producers adopt precision agriculture technologies, which technologies complement each other, and what affects the intensity of technology usage. Several technologies were found to have complementary effects on each other, larger farms are more likely to adopt PATs, and crop choices have varying impacts on the adoption and usage of PATs. Most of these findings agree with previous literature, although new light was shed on some new findings and predictions.Item Investing in United States Farmland: A Capital Asset Pricing Model Analysis(North Dakota State University, 2019) Messner, Bryce JadenThis study examines the risk and returns to owning United States farmland. State, regional, and national farmland returns from 1998 to 2018 are analyzed via the capital asset pricing model. Results show that farmland may be an effective route of investment portfolio diversification due to its favorable returns and low correlation with other commonly held assets. This study’s findings are generally consistent with similar research conducted in the past.