Journal of Agricultural and Applied Economics
Опубликовано на портале: 21-11-2003Leigh J. Maynard, Carl R. Dillon, Joy Carter Journal of Agricultural and Applied Economics. 2001. Vol. 33. No. 1.
Some suppliers of broilers without giblets (WOG) offer customers a choice between paying Urner Barry’s WOG quote or a formula price based on futures prices. From a buyer’s perspective, the formula price examined in this study is second-degree stochastic dominant. The formula price allows the seller to set perfect cross-hedges of WOGs with corn and soymeal. Stochastic dominance and mean variance results suggested that the seller’s dominant strategy would shift from the Urner Barry quote to the hedged formula price as risk aversion increased. Input-based formula pricing may be usefully extended to other industries.
Government Policy, Wind Erosion, and Economic Viability in Semi-Arid Agriculture: The Case of the Southern Texas High Plains [статья]
Опубликовано на портале: 27-04-2005Julie A. Bunn Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 2. P. 339-351.
The 1996 farm bill challenges agricultural producers to pursue conservation objectives while allowing flexibility and reducing subsidies. The nature of this challenge for semiarid rain fed, wind-erosion-prone agriculture is explored via a behavioral model. Simulations of farm-firm decision making under scenarios in the southern Texas High Plains are evaluated. Results indicate that the removal of subsidies, while lowering farm incomes, does not, under most assumptions, alter cropping system choice. Alternatively, under a variety of assumptions, the imposition of an erosion tax shuts down cropping.
Опубликовано на портале: 18-02-2005Bruce L. Ahrendsen, Bruce L. Dixon, Atien Priyanti Journal of Agricultural and Applied Economics. 1994. Vol. 26. No. 2. P. 430-442.
Changes in commercial bank market shares of farm debt are decomposed into portfolio decisions, loanable funds availability and loan market size for 64 counties in Arkansas from 1986 through 1990. A seemingly unrelated regression model is hypothesized to identify county characteristics that are related to changes in commercial bank market shares, Regression results indicate that county differences in economic activity, the relative risk associated with agriculture, farm structure and regional location contributed to changes in commercial bank market shares. The results imply a market niche for rural commercial banks emphasizing agricultural loans in the presence of unlimited branch banking.
Handler Reactions to Potential Compulsory Country-of-Origin Labeling of Fresh or Frozen Beef [статья]
Опубликовано на портале: 21-11-2003Alvin R. Schupp, Jeffrey Gillespie Journal of Agricultural and Applied Economics. 2001. Vol. 33. No. 1.
Interest in mandatory county-of-origin labeling of fresh meats exists at both the state and national levels. A sample of beef handling firms in Louisiana (processors, retailers and restaurants) was surveyed by telephone to identify the characteristics of these firms that would help explain their decision to support or reject the law. A factor supporting the label use was a belief that the label is valuable to buyers. Negative factors were that the firm is a restaurant, is part of a chain or franchise, or has experience handling imported beef, and the belief that labeling merely reflects more government interference in free trade.
Опубликовано на портале: 18-02-2005R.L. Elad, I.D. Clifton, J.E. Epperson Journal of Agricultural and Applied Economics. 1994. Vol. 26. No. 2. P. 351-366.
Farmland offered for its productive or consumptive value may be viewed as a class of goods characteristic of product differentiation. Using the generalized Box-Cox transformation, an unrestricted hedonic model was employed to derive implicit valuations of parcel attributes. Results suggest that the significance and level of importance of attributes land pricing depends on the spatial extent of market in Georgia. Differences in the productive or consumptive use of farmland may imply that different factors and functional forms are appropriate to different farmland markets.
Опубликовано на портале: 28-04-2005Harry M. Kaiser Journal of Agricultural and Applied Economics. 1997. Vol. 29. No. 2. P. 303-313.
The impacts of generic dairy advertising on retail, wholesale, and farm dairy markets are estimated in this study at the national level. The results indicate that generic dairy advertising had a major impact on retail, wholesale, and farm markets for the dairy industry. The main conclusion of the study is that farmers are receiving a high return on their investment in generic dairy advertising, i.e., an average rate of return of $3,40 for every dollar invested over the period 1984–95. Moreover, the return on investment in advertising was higher in the most recent year, almost double the average for the previous 11 years.
Impacts of Advertising, Attitudes, Lifestyles, and Health on the Demand for U.S. Pork: A Micro-Level Analysis [статья]
Опубликовано на портале: 21-11-2003Oral Capps, Jaehong Park Journal of Agricultural and Applied Economics. 2002. Vol. 34. No. 1.
Using data from the 1994-1996 CSFII/DHKS, we identify and assess factors affecting the decision to consume pork and conditional on consuming pork, the decision of the amount of pork intake. Branded and generic advertising of pork play a prominent role in both decisions. Beef advertising, however, does not significantly affect either the probability of consuming pork or the amount of pork intake. Key health, attitudinal and lifestyle factors are smoking status, dietary status, body mass index, the importance of nutrition in buying food, and trimming visible fat from meat. These factors however impact the probability of consuming pork rather than the amount of pork consumed. Region, urbanization, race, age, income, and seasonality also affect pork demand.
Impacts of Financial Characteristics and the Boom-Bust Cycle on the Farm Inventory-Cash Flow Relationship [статья]
Опубликовано на портале: 27-04-2005Ralph Bierlen, Bruce L. Ahrendsen, Bruce L. Dixon Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 2. P. 363-377.
The sensitivity of farm inventory investment to movements in cash flow is tested. Inventories should be sensitive to shifts in cash flow because inventory investment is readily reversible and inventories are a significant portion of assets. Investment models estimated with Kansas farm panel data indicate that: (a) farms absorb internal finance shocks by adjusting inventories, (b) the inventory investment of livestock and high-debt farms are more sensitive to movements in cash flow than crop and low-debt farms, and (c) inventory investment is more sensitive to cash flow during the 1981–86 bust and the 198’7-92 recovery than during the 1975–80 boom.
Опубликовано на портале: 24-11-2003P. Lynn Kennedy, C. Parr Rosson Journal of Agricultural and Applied Economics. 2002. Vol. 34. No. 1. P. 275-288.
Major components of agricultural competitiveness, including definitions, factors, and indicators of competitiveness, are discussed The case of the North American Free Trade Agreement (NAFTA) is used to illustrate how factors have influenced the competitive position of the NAFTA countries. Traditional neoclassical trade theory is used to evaluate the impact of currency exchange rate fluctuations and trade preferences on agricultural competitiveness. Pre- and post-NAFTA market shares are evaluated for five agricultural commodities of importance to the southern United States. The results are compared with theoretical expectations and discussed with special emphasis on implications for future trade negotiations.
Опубликовано на портале: 27-04-2005Ralph J. Alig, Darius M. Adams, Bruce A. McCarl Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 2. P. 389-401.
The forest and agriculture sectors are linked by having a portion of their land bases suitable for use in either sector. A substantial part of the southern land base is suitable for either forestry or agriculture use, with most of forestation on U.S. agriculture land in the South. We examine how land exchanges between forestry and agriculture are influenced by specific federal conservation and farm support policies, including changes in the Conservation Reserve Program. Reallocation of land is a significant part of the sectors’ responses to the policies, along with intensification of timber management on existing southern forests.
Опубликовано на портале: 24-11-2003William D. McBride, Hisham S. El-Osta Journal of Agricultural and Applied Economics. 2002. Vol. 34. No. 1. P. 175-191.
The rapid adoption of genetically engineered (GE) crops by U.S. farmers suggests that these technologies have been perceived to improve farm financial performance. This study develops and applies an econometric model to data from corn and soybean producers in order to evaluate the financial impacts of the adoption of GE crops. Results indicate that the adoption of GE crops has had a limited impact on financial performance that varies by crop, type of technology, type of farm, and region of the nation. Factors other than the financial impacts appear to be important reasons for the rapid adoption of GE crops.
Imperfect Competition Models and Commodity Promotion Evaluation: The Case of U.S. Generic Milk Advertising [статья]
Опубликовано на портале: 28-04-2005Nobuhiro Suzuki, Harry M. Kaiser Journal of Agricultural and Applied Economics. 1997. Vol. 29. No. 2. P. 315-325.
This article examines whether the assumption of perfect competition in the U.S. dairy industry biases the findings of economic impacts of generic dairy advertising. An imperfect competition model based on an approach similar to that of Appelbaurn is developed and used to evaluate generic milk advertising. The results are compared with a perfect competition model. The findings indicate positive price and quantity impacts due to generic advertising. The differences in magnitude of impacts between the two models are small, suggesting that the assumption of perfect competition for U.S. dairy models is plausible.
Implications of Lawn Care and Landscape Maintenance Firm Profiles for Adoption of Pest-Management Practices [статья]
Опубликовано на портале: 21-11-2003B.J. Hubbell, Wojciech J. Florkowski, R. Oetting, S.K. Braman, C.D. Robacker Journal of Agricultural and Applied Economics. 2001. Vol. 33. No. 1.
Firm characteristics and managers’ attitudes and opinions about pesticide safety were used to classify lawn care and landscape management firms into four categories and compare them using the logit procedure. Survey data obtained from 223 firms was used in the empirical investigation of the adoption of the IPM techniques. Results showed the need for continued transfer of new technology to independently owned firms, multidisciplinary assessment of IPM methods before their transfer to ascertain the economic viability of proposed methods, public investment in programs training workers in knowledge-based pesticide applications, possible assistance in obtaining capital, and investment in consumer education.
Import Prices and Hard Currency Constraints in Eastern Europe: Implications for Coarse Grain Imports and Production of Meat [статья]
Опубликовано на портале: 28-04-2005Roberto J. Garcia, Dragan Miljkovic, Miguel I. Gomez Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 1. P. 201-215.
The objectives of this study were (a) to determine the degree to which hard currency earnings constrained overall-imports and coarse grain imports in command economies; (b) to measure the importance of import prices on grain imports and to trace the link of grain availability to meat production; and (c) to determine how economic and political reforms in the selected countries may have affected the hard currency constraint, the importance of import prices, and grain imports and meat production. The results indicate that import demand was constrained by earnings of hard currency, but was not responsive to world prices, and meat production was affected by total grain availability, including imports.
Incentive-Based Solutions to Agricultural Environmental Problems: Recent Developments in Theory and Practice [статья]
Опубликовано на портале: 24-11-2003Alan Randall, Michael A. Taylor Journal of Agricultural and Applied Economics. 2000. Vol. 32. No. 2. P. 221-234.
Theory predicts that incentive-based regulatory instruments reduce compliance costs by encouraging efficient resource allocation and innovation in environmental technology. Cost reductions from pollution permit trading often have exceeded expectations, but the devil is in the details: the rules matter. In recent years, IB instruments of many kinds, from permit trading to various informal voluntary agreements, have been introduced in many countries. Point-nonpoint trading programs have been established in the U.S., but recorded trades have been rare. We speculate about prospects for performance-based monitoring of agricultural nonpoint pollution which, we believe, would encourage trading to the benefit of farmers and society.