Journal of Agricultural and Applied Economics
Опубликовано на портале: 21-02-2005Shida Rastegari Henneberry, Raymond Joe Schatzer, Yousif El Beheisi Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 1. P. 159-171.
The impact of hypothetical changes in yields, costs, and demand that might result from the organization of Oklahoma vegetable growers into cooperatives or other multifarmer marketing associations is estimated using a sector programming model. A comparative static analysis is used to evaluate the impact of these changes on planted acreage, growers’ revenues, and consumers’ and producers’ surplus. The results of this analysis indicate that changes in demand are most effective in increasing revenues for Oklahoma growers.
Опубликовано на портале: 21-02-2005Lawrence L. Falconer, Charles R. Long, James M. McGrann Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 1. P. 180-192.
The beef cattle investment decision provides an excellent opportunity to increase the economic efficiency of beef cattle production. The investment questions that face beef cattle producers are of interest to beef cattle producers, educators, and financial institutions involved in lending to beef cattle producing firms. This study develops a decision support aid utilizing expert system technology to assist beef cattle producers in making well-founded investment decisions with respect to the firm’s beef cattle herd.
Опубликовано на портале: 24-02-2005Luther G. Tweeten, William A. Amponsah Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 1. P. 88-94.
This paper briefly outlines a topology of small farms and then considers the role of the government versus the market in key public policies such as commodity income support, environment, stability, research, and rural development. A number of options are explored for public policy to better serve small farms, including drastic alternatives such as graduated property taxes on farmland, with exemptions or lower rates for small farms. These and other alternatives are not necessarily recommended. Improved extension education and human resource development offer some of the most promising public policy opportunities to help small farmers.
Analysis of the Risk Management Properties of Grazing Contracts Versus Futures and Option Contracts [статья]
Опубликовано на портале: 09-03-2005R. Wes Harrison, Barry W. Bobst, Fred J. Benson, A. Lee Meyer Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 2. P. 247-262.
A stochastic budget simulator and generalized stochastic dominance are used to compare the risk management properties of grazing contracts to futures and option contracts. The results show that the risks of backgrounding feeder cattle are reduced significantly for pasture owners in a grazing contract. However, the risks of the cattle owner in a grazing contract are not significantly reduced. The results also show that generally risk averse pasture owners prefer grazing contracts to integrated production when traditional hedging is used to manage price risks. In addition, grazing contracts compare favorably with put option contracts for some pasture owners.
An Analysis of the Impact of a Ban of Methyl Bromide on the U.S. Winter Fresh Vegetable Market [статья]
Опубликовано на портале: 12-05-2005M.S. Deepak, Thomas Spreen, John VanSickle Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 2. P. 433-443.
This study evaluates the economic impact of a ban on methyl bromide on the U.S. winter fresh vegetable market for six major crops: tomatoes, green peppers, cucumbers, squash, eggplant, and watermelons. Florida is the primary domestic supplier of these products. Mexico and Texas are the competing suppliers of the five vegetable crops and peppers, respectively. Leontief technologies represent both monocrop and double-crop production systems; linear inverse demand functions represent four demand regions in the U.S. and Canada. By increasing production costs and reducing yields, a ban on methyl bromide decreases Florida’s FOB revenues by 54% and increases those of Mexico by 65%.Price increases to U.S. fresh vegetable consumers range from near zero to over 10%, depending upon the commodity and location.
Опубликовано на портале: 09-03-2005Gary R. Vieth, Pramote Suppapanya Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 2. P. 381–391.
This research examines the predictability of a profit maximization model, an expected value-variance utility maximization (E-V) model, and two versions of the target-MOTAD model for modeling risky agricultural production decisions. Model solutions were translated into expected value and variance of farm income for analysis. Direct comparison and chi-square analysis of actual and predicted expected income distributions were used in the analyses. It was concluded that the utility maximization and cash-cost target-MOTAD models predicted distributions of farm income better than the variable-cost target-MOTAD and profit maximization models.
Опубликовано на портале: 22-02-2005John C. Bernard, Lois Schertz Willett Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 2. P. 279-289.
This study presents a testing methodology to analyze potential price asymmetries among the farm, wholesale, and retail levels of the U.S. broiler industry. Lag length, direction of causality, and asymmetric relationships are empirically determined. Results suggest that concentration and power of the integrators in the industry have allowed the wholesale price to become the center, causal price in the market. Asymmetric price transmissions, however, are limited. While downward movements in the wholesale price are passed on more fully to growers than increases in the wholesale price, only consumers in the North Central region of the U.S. share a larger portion of wholesalers’ price increases than price decreases.
Опубликовано на портале: 17-02-2005Giannis Karagiannis, Stelios D. Katranidis, Kostas Velentzas Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 2. P. 369-379.
An alternative version of decomposition analysis, based on factor cost shares rather than input demand functions, is presented and applied to Greek agriculture. Decomposition analysis shows that most of the changes in factor cost shares during the period from 1973 to 1989 are attributed to technical change and factor substitution, while the role of the scale effect is small, except that of fertilizer. The decomposition analysis results are then used to analyze the implications of Greece’s fertilizer and feed subsidy removal, which took place in 1990.
Опубликовано на портале: 22-02-2005Rodolfo M. Nayga Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 2. P. 303-312.
This study examines how sociodemographic characteristics of a household’s main meal planner affect use of nutritional information concerning ingredients, health benefits, calories, sodium, vitamins/minerals, fiber, fat, cholesterol, and sugar content on food packages. Results generally suggest that well-educated, female main meal planners are more likely to use various types of nutritional information than others. Main meal planners who place more importance on nutrition but less importance on taste and those who have a higher perception of the healthfulness of their diet are more likely to use nutritional information on packages than others. Household size, race, employment status, urbanization, region, age, and income are also significant factors.
Опубликовано на портале: 24-02-2005Patrick O’Brien Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 1. P. 12-23.
The 1995 Farm Bill debate proved different than many economists expected. It was overwhelmingly budget-driven. Few early concerns about the role of government, efficiency, equity, competitiveness, environment, rural development, and food were addressed. Economic analysis played a different role than anticipated. Models of who and how farm policy is made proved misleading; the debate circumvented the traditional process. Economic models were used more to perform budget accounting than substantive analysis. And their substantive analyses often failed to capture the attention of policymakers. Hence, while a reformist economist’s dream, the bill leaves as many issues unanswered as it addresses.
Effect of Liberalized U.S.-Mexico Dry Onion Trade: A Spatial and Intertemporal Equilibrium Analysis [статья]
Опубликовано на портале: 22-02-2005Stephen Fuller, Melanie Gillis, Houshmand A. Ziari Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 1. P. 135-147.
A spatial, intertemporal equilibrium model of the North American dry onion economy is constructed to analyze the impact of liberalized U.S.-Mexico trade. In a free-trade environment, exports of Mexican onions to the U.S. are projected to increase about 509Z0,while Mexico’s share of the U.S. market increases from 8.7 to 12.8%. Farm-level prices in the U.S. are projected to decline 8% while production declines 2.4%. The effect of free trade on U.S. producers is disproportional across regions. Northwest storage onion producers experience the greatest decline in production; however, analysis suggests that improved storage methods may offset a portion of the unfavorable impacts of liberalized trade on these producers. In spite of the unfavorable impact of free trade on U.S. dry onion producers, the industry would not be economically devastated.
Effects of Reservoir Aquatic Plant Management on Recreational Expenditures and Regional Economic Activity [статья]
Опубликовано на портале: 04-04-2005John C. Bergstrom, R. Jeff Teasley, H. Ken Cordell, Ray Souter, Donald B.K. English Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 2. P. 409-422.
Exotic aquatic plant management is a major concern for public reservoir management in many regions of the United States. A study was conducted to measure the effects of alternative aquatic plant management strategies on recreational expenditures and regional economic activity. The study area was Lake Guntersville, Alabama, and the local economy surrounding the lake. Lake Guntersville is one of the largest reservoirs in the Tennessee Valley Authority system. Results suggested that relatively moderate levels of aquatic plant control are associated with the highest levels of recreation-related economic effects on the economy surrounding Lake Guntersville.
Employment in Agribusiness and Purchases of Agricultural Products: The Effects of Monetization in Yugoslavia [статья]
Опубликовано на портале: 17-02-2005Dragan Miljkovic, Roberto J. Garcia Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 2. P. 357-368.
Efforts to stabilize employment and output in the agricultural sector of Yugoslavia through monetization contributed to inflationary pressures. Granger causality tests suggest that increases in the rate of growth in the supply of money to subsidize state-owned agribusinesses were insufficient to maintain purchases of wheat and corn, but did cause purchases of cattle and swine. This result may be explained by producers having more flexibility in grain marketing (i.e., storage options and private buyers) and the perishability issues related to livestock marketing. The policy to maintain employment through monetization is shown to have been ineffective.
Energy Supplementation Strategies for Wheat Pasture Stocker Cattle Under Uncertain Forage Availability [статья]
Опубликовано на портале: 22-02-2005Nouhoun Coulibaly, Daniel J. Bernardo, Gerald W. Horn Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 1. P. 172-179.
Energy supplementation provides a means of reducing production risk of growing stocker cattle on winter wheat pasture. This study addresses the issue of risk aversion and energy supplement input use. Differences in supplementation practices induced by risk aversion and the effects of cattle and feed market conditions are examined. Results show that supplementation practices are likely to be similar across producers, irrespective of their risk attitudes. Cattle and feed market conditions, however, markedly affect supplementation practices. These tindings provide information for assisting stockmen in identifying efficient supplementation strategies.
Опубликовано на портале: 17-02-2005Leonard Shabman, Kurt Stephenson Journal of Agricultural and Applied Economics. 1996. Vol. 28. No. 1. P. 117-125.
As the environmental policy recommendations of economists become more acceptable, differences in the professional understanding of, and support for, different policy forms are becoming more apparent. These different approaches to environmental policy and research are described around a taxonomy of four perspectives: “rational analysts;’ “cost analysts;’ “market managers;’ and “free market environmentalists.” These perspectives are compared and contrasted. Recognition of these differences can result in a better appreciation of the different research agendas of economists and can improve clarity in teaching and policy advising.