Journal of Agricultural and Applied Economics
Опубликовано на портале: 27-04-2005R. Wes Harrison, Aylin Ozayan, Samuel P. Meyers Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 2. P. 258-265.
Attributes for two value-added seafood products derived from underutilized crawfish are analyzed using conjoint data from seafood restaurants in the southern region of the United States. Preferences for the products’ form, price, and flavor attributes were tested. Statistical tests revealed that the attribute interactions were not significant, and part-worth utilities for all main effects were estimated using an additive preference model. Results indicate that the new crawfish products should be marketed as a high-quality fresh soup base or seafood stuffing, priced between 30% and 50% of the cost of fresh crawfish tail meat.
Опубликовано на портале: 27-04-2005Steve W. Martinez, Kevin E. Smith, Kelly D. Zering Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 2. P. 301-311.
This study examines the motivation behind contracts and vertical integration in the pork industry, and simulates the effects of potential improvements in coordination. Incentives related to lowering costs of measuring and sorting hogs, and protecting against opportunistic behavior associated with specific assets, can result in hog quality improvements. A framework for simulating the effects of increased coordination through contracts and vertical integration was developed and used to evaluate potential improvements in leanness. Although simulations suggest only modest changes in pork prices and supplies, gains in consumers’ surplus could be substantial for larger demand shifts due to quality improvements.
Analysis of Housewives’ Grocery Shopping Behavior in Taiwan: An Application of the Poisson Switching Regression [статья]
Опубликовано на портале: 10-03-2005Kamhon Kan, Tsu-Tan Fu Journal of Agricultural and Applied Economics. 1998. Vol. 29. No. 2. P. 397-407.
The purpose of this study is to empirically investigate Taiwanese married women’s grocery shopping behavior in relation to their labor force participation status. In this study, focus is limited to their grocery shopping frequency which is meant to be a proxy for an input to household production, i.e., food at home. A Poisson switching regression model is developed to estimate parameters of married women’s shopping behavior. The results show that the labor force participation status does have a great impact on time allocation behavior.
Опубликовано на портале: 12-05-2005William W. Rowland, Michael R. Langemeier, Bryan Schurle, Allen M. Featherstone Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 1. P. 189-199.
This study evaluates the economic competitiveness of a sample of Kansas farrow-to-finish operations by estimating relative firm efficiency using nonparametric mathematical programming techniques. Measures of technical, allocative, scale, economic, and overall efficiency are then related to farm characteristics to identify sources of efficiency. Results indicate that overall efficient farms produce a high quantity of pork per litter, produce a portion of their own feed grains, generate a large portion of their income from swine and other livestock enterprises, and have a lower debt-to-asset ratio.
Опубликовано на портале: 27-04-2005P. Lynn Kennedy, Cereal Atici Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 2. P. 277-284.
Complete agricultural trade liberalization between the United States and the European Union is examined with respect to the agricultural sector. A static, partial equilibrium model, distinguishing among the European Union, the United States, and a politically passive rest of the world, is used to simulate agricultural free trade. The results of this research reveal how European Union and United States adoption of free trade affects domestic and world prices, production, consumption, self-sufficiency, and welfare.
Опубликовано на портале: 28-04-2005Tong Han, Thomas I. Wahl Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 1. P. 141-150.
A two-stage budgeting LES-LA/AIDS system is used to estimate rural household demand in China with special emphasis on changes in demand for fruit and vegetable commodities across different income groups. The own-price elasticity for food was found to be more elastic than that for clothing, housing, durable goods, and other items. Within the food group, price elasticities range from – 1.042 to –0.019. Grain, with an expenditure elasticity of almost unity, is an important staple food for the average rural household. Vegetables are important nonstaple foods relative to fruits. Lower value vegetables are the most price elastic in the vegetable group. Fruits are more price elastic than vegetables, with grapes being the most price elastic. Different income groups share a common demand function.
Опубликовано на портале: 27-04-2005Evert van der Sluis, Willis L. Peterson Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 2. P. 353-362.
Data from 100 farming-dependent counties in the U.S. are used to measure the impact of acreage reduction programs on the level of the rural nonfarm population. Results of a simultaneous equation model suggest that the programs had a negative influence on the number of rural nonfarm people, reducing the rural nonfarm population in these counties by an estimated 15–16% over the 1960–90 period.
Опубликовано на портале: 10-03-2005Jeffrey D. Mullen, George W. Norton, Dixie W. Reaves Journal of Agricultural and Applied Economics. 1998. Vol. 29. No. 1. P. 243-253.
Public support for integrated pest management (IPM) is derived in part from concerns over food safety and the environment, yet few studies have assessed the economic value of health and environmental benefits of 1PM.An approach is suggested for such an assessment and applied to the Virginia peanut 1PM program. Effects of IPM on environmental risks posed by pesticides are assessed and society’s willingness to pay to reduce those risks is estimated. The annual environmental benefits of the peanut IPM program are estimated at $844,000. The estimates of pesticide risks and willingness to pay can be applied elsewhere in economic assessments of IPM.
Опубликовано на портале: 09-03-2005Daryll E. Ray, James W. Richardson, Daniel G. de la Torre Ugarte, Kelly H. Tiller Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 1. P. 21-33.
Using a stochastic version of the POLYSYS modeling framework, an examination of projected variability in agricultural prices, supply, demand, stocks, and incomes is conducted for corn, wheat, soybeans, and cotton during the 1998–2006 period. Increased planting flexibility introduced in the 1996 farm bill results in projections of significantly higher planted acreage variability compared to recent historical levels. Variability of ending stocks and stock-to-use ratios is projected to be higher for com and soybeans and lower for wheat and cotton compared to the 1986-96 period. Significantly higher variability is projected for corn prices, with wheat and soybean prices also being more variable. No significant change in cotton price variability is projected.
Fractional Cointegration and the False Rejection of the Law of One Price in International Commodity Markets [статья]
Опубликовано на портале: 27-04-2005Samarendu Mohanty, E. Wesley Peterson, Darnell B. Smith Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 2. P. 267-276.
This study examines the Law of One Price (LOP) in international commodity markets using fractional cointegration analysis. For proper evaluation of the LOP, fractional cointegration analysis seems to be appropriate because of its flexibility in capturing a wider range of mean reversion behavior than standard cointegration analysis. Out of nine pairs of price series examined, fractional cointegration supports the existence of the LOP in eight cases, as compared to three cases using standard cointegration procedures. Overall, these results suggest that there is a long-run tendency for the LOP to hold for commodity prices.
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.
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: 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.
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.
Опубликовано на портале: 27-04-2005Jean C. Buzby, John A. Fox, Richard C. Ready, Stephen R. Crutchfield Journal of Agricultural and Applied Economics. 1998. Vol. 30. No. 1. P. 69-82.
Microbial pathogens and pesticide residues in food pose a financial burden to society which can be reduced by incurring costs to reduce these food safety risks. We explore three valuation techniques that place a monetary value on food safety risk reductions, and we present a case study for each: a contingent valuation survey on pesticide residues, an experimental auction market for a chicken sandwich with reduced risk of Salmonella, and a cost-of-illness analysis for seven food borne pathogens. Estimates from these techniques can be used in cost benefit analyses for policies that reduce food safety risks.