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Journal of Agricultural and Applied Economics

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Опубликовано на портале: 24-02-2005
Ralph J. Christy Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 1. P. 1-13. 
This address is directed toward applied economists as they provide information to private and public decision makers, Central to this discussion is the role of markets as institutions in achieving society’s desired ends. Current “economic correctness’’--the view that unfettered markets are superior in achieving efficiency, growth, and welfare--has attempted to return a larger role to the private sector, but the relative roles of market-oriented versus government-oriented solutions to problems are often not well appraised. Views presented herein calls for agricultural economists to move simultaneously toward an understanding of the strategic behavior of firms in imperfectly competitive markets and toward an adoption of policy analysis consistent with a socially complex and globally integrated economy.
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Опубликовано на портале: 22-02-2005
Christopher Gan, E. Jane Luzar Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 2. P. 36-45. 
Conjoint valuation approach analysis, widely used in marketing research, offers an alternative resource suited to outdoor recreation activities characterized as multiattribute. Design, implementation, and interpretation of conjoint analysis are reviewed in the context of recreation applications. Conjoint analysis is used in an analysis of waterfowl hunting in Louisiana. Using primary data collected from a survey of waterfowl hunters, ordered logit is used to estimate willingness-to-pay for recreation experience attributes.
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Опубликовано на портале: 22-02-2005
David L. Purcell, Stephen C. Turner, Jack E. Houston, Charles R. Hall Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 2. P. 13-26. 
The ornamental horticultural industry continues to be one of the most rapidly expanding sectors in agriculture. This study examined a decision model for landscape plant production based on portfolio analysis. A quadratic programming model was developed to generate an optimal crop portfolio for a selected southeastern nursery. Empirical results indicate opportunities exist for modest diversification to offset income variability in landscape plant production and marketing.
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Опубликовано на портале: 22-02-2005
Bruce L. Ahrendsen Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 2. P. 56-68. 
A dual cost function approach is developed as an alternative to time series and simplistic approaches for estimating farmers’ expected operating rates of return on assets. A translog restricted cost function is estimated using data provided by 152 North Carolina damy farmers over the period 1976 through 1986. The predicted costs from the fitted restricted cost function are used to construct estimates of farmers’ expected operating rates of return on assets. The estimates from this structural approach explain more of the variation in observed rates than do time series estimates or sample mean observed rates.
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Опубликовано на портале: 22-02-2005
William E. Foster, Bruce A. Babcock Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 1. P. 253-265. 
We estimate the influence of policy-induced price changes and of technology supply on North Carolina flue-cured tobacco yields. The decline in land rent and effective output price that accompanied a 1965 policy change from acreage allotments to poundage quotas caused a 12 percent decrease in yields. Farmer yields were more responsive to yield-increasing technologies under acreage allotments than under poundage quotas. Annual yield growth was 0.5 percent under poundage quotas and 4.32 percent under acreage allotments. The growth rate decline is attributable to changes in relative prices and to a slowdown in the supply of available technologies.
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Опубликовано на портале: 21-02-2005
Paul B. Siegel, Raymond M. Leuthold Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 2. P. 134-147. 
Retirement/recreation communities (RRCS) have been promoted as a way for some rural regions to develop their economies. RRCS can have substantial economic impacts (changes in employment and income) and fiscal impacts (changes in local government revenues and costs) on rural communities, Because the magnitude and direction of these impacts are site-specific, assessments of RRCS as a rural development strategy should consider both the economic and fiscal impacts for a given region. This paper presents a case study of the economic and fiscal impacts of Tellico Village on Loudon County, Tennessee.
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Опубликовано на портале: 21-02-2005
Darnona Doye Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 1. P. 101-111. 
Agricultural economists who serve as educators in emerging democracies have the opportunity to contribute to economic development by building human capital. A channel for educators to share lessons learned in these countries could benefit individuals preparing for assignments in foreign countries. Understanding the cultural and social differences in decision making systems is critical to successful educational program development and implementation. Individuals in the emerging democracies often need training in management and market economics to apply at institutional as well as personal levels. Similar training for recipients of economic development funds could result in more effective application of funds.
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Опубликовано на портале: 12-05-2005
James W. Richardson, David P. Anderson, Derrell S. Peel, Mike Phillips Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 2. P. 95-105. 
A whole-farm simulation model is used to analyze the impacts of PST adoption on representative farms in Missouri and Indiana. Farmers who do not adopt experience lower average annual net cash farm incomes than adopters. Lower feed prices and/or an average PST/feed response decrease the incentive to adopt. Payment of a 5 percent carcass merit premium (CMP) and/or higher grain prices greatly increase the economic incentive to adopt.
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Опубликовано на портале: 22-02-2005
Nicolas B.C. Ahouissoussi, Michael E. Wetzstein, Patricia A. Duffy Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 2. P. 46-55. 
The economic viability of the Boll Weevil Eradication Program in Alabama, Florida, and Georgia is assessed based on a five-year survey of producers. Results indicate the program Increases yield 100 pounds per acre. This implies a 19percent internal rate of return for producers over a ten-year period.
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Опубликовано на портале: 21-02-2005
Noel Blisard, James R. Blaylock Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 1. P. 245-252. 
Stochastic index theory views each commodity price change as an independent observation on the rate of inflation that can be estimated by averaging over all prices. Our methodology estimates both the overall rate of inflation and relative price changes along with standard errors.
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Опубликовано на портале: 22-02-2005
S.K. Misra, Dale Carley, Stanley M. Fletcher Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 1. P. 197-207. 
Survey data of 2,538 dairy farmers located in 12 southern states were used to analyze the factors influencing farmers’ choice of milk handlers. Results from a qualitative response model indicate that a combination of price and non-price factors contribute to dairy farmers’ attitudes toward their milk handlers. Specifically, the decision to change milk handlers was significantly influenced by prices paid and deductions charged. However, non-price factors including field services, friendly personnel, and loyalty to a handler contributed to the longer term affiliation of dairy farmers with their milk handlers.
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Опубликовано на портале: 22-02-2005
Judith I. Stallmann, Ari Mwachofi, Jan L. Flora, Thomas G. Johnson Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 2. P. 82-94. 
Human capital theory suggests that job opportunities will create incentives for human capital investment. If job information does not flow freely, or if they prefer not to move, students will make investment decisions based upon local job markets. Communities with a high percentage of low-skill jobs which do not reward high school and higher education do not create incentives for students to finish high school or continue beyond high school. Data from Virginia support this hypothesis. Targeted job creation, and improved labor market information may create incentives for increased human capital investment in many rural communities.
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Опубликовано на портале: 21-02-2005
Kuo S. Huang Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 1. P. 217-227. 
A set of ordinary and inverse demand systems for U.S. quarterly meat consumption is Estimated or use to measure the effects of U.S. meat trade on consumers’ welfare. The approach is useful to incorporate all direct- and cross-commodity effects into price forecasting and the Hicksian compensating variation measurement.
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Опубликовано на портале: 21-02-2005
Gary D. Lynne, Phyllis Saarinen Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 1. P. 69-83. 
The debate over pnvatizing and water markets has moved back and forth for decades between the “I” and the “We” perspectives. Rather than either/or, a balanced “I&We” view of water institutions is needed. West is meeting east in water law. Public interest needs must be satisfied in appropriate decision forums, but marketing may prove a social improvement when used as a supplement. Balancing an “I&We” institution involves establishing an acceptable or tolerable level of interference through judicious mixing of state, common and private property regimes. Third party effects are eliminated as mutual gain arises in a variety of decision forums.
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Опубликовано на портале: 18-02-2005
Abdelmoneim H. Elnagheeb, Wojciech J. Florkowski Journal of Agricultural and Applied Economics. 1993.  Vol. 25. No. 1. P. 187-193. 
Two methodological approaches were applied to estimating the number of non-bearing trees in the absence of such data using data for the Southern USA pecan industry. The first approach distinguished between bearing and non-bearing phases of a tree life and directly estimated the number of non-bearing trees. The second focused on indirect estimating of the non-bearing tree number from changes in production. This approach relaxed the assumption of maintaining maximum yields for infinite period as used in earlier studies. Empirical applications used two data sets from the pecan industry. The comparison of empirical results suggested that the first method was more accurate than the alternative approach in predicting the number of newly planted trees over an extended period of time. Additional data collection will allow for further application of available methodology to the pecan industry
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