Recently added articles from Journal of Agricultural and Applied Economics:
Valuing Transgenic Cotton Technologies Using a Risk/Return Framework
Dec 01, 2008; ... Stochastic Efficiency with Respect to a Function (SERF) is used to rank transgenic cotton technology groups and place an upper and lower bound on their value. Yield and production data from replicated plot experiments are used to build cumulative distribution functions of returns for ...
Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach
Dec 01, 2008; ... A multinomial logit is utilized to model the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results indicate that the demand for crop insurance is inelastic (-0.40), consistent with most earlier yield elasticity estimates, but the elasticity ...
Valuing the Changes in Herbicide Risks Resulting from Adoption of Roundup Ready Soybeans by U.S. Farmers: A Revealed-Preference Approach
Dec 01, 2008; ... A revealed-preference-based approach is proposed for valuation of the environmental and human impacts of pesticides. It is assumed that farmers reveal their willingness to pay for improved pesticide safety by selecting a specific product out of the set of available alternatives based on their ...
Beef Producer Preferences and Purchase Decisions for Livestock Price Insurance
Dec 01, 2008; ... Personal interviews were conducted with beef cattle producers in Louisiana to determine their preferences and purchase decisions for livestock price insurance. Conjoint analysis was utilized to determine the importance of selected attributes of insurance policies for these producers. The ...
Signaling Credit Risk in Agriculture: Implications for Capital Structure Analysis
Dec 01, 2008; ... Signaling is an important element in the lender-borrower relationship that influences the cost and availability of debt capital to agricultural borrowers. This paper analyzes the effects of signaling on farm capital structure in conjunction with the pecking order and trade-off theories. The ...
Estimating Asymmetric Advertising Response: An Application to U.S. Nonalcoholic Beverage Demand
Dec 01, 2008; ... We propose a regime-switching model that allows demand to respond asymmetrically to upward and downward advertising changes. With the introduction of a smooth transition function, the model features smooth rather than abrupt parameter changes between regimes. We apply the model to nonalcoholic ...
Factors Affecting Adoption of Cow-Calf Production Practices in Oklahoma
Dec 01, 2008; ... Most technology adoption research has focused on crops. Primary data were used to determine differences in management practices among two groups of Oklahoma cow-calf producers based on herd size and cattle income dependence. Significant differences were noted between two groups of producers ...
Understanding Factors That Influence Breeders to Sell Bulls at Performance Tests
Dec 01, 2008; ... Breeders of purebred bulls have multiple avenues to market their bulls, including consignment at public auctions associated with performance tests. Purebred breeders often have the opportunity to withdraw bulls that are eligible to sell in these auctions. We examine sales data from a public ...
Contributions of Immigrant Farmworkers to California Vegetable Production
Dec 01, 2008; ... A major concern with immigrants coming into the United States is that they adversely affect domestic workers through job competition and wage depression. We study the displacement and wage reduction effects of immigrants in California vegetable production, which is labor intensive, and 95% of ...
Production Inefficiency in Fed Cattle Marketing and the Value of Sorting Pens into Alternative Marketing Groups Using Ultrasound Technology
Dec 01, 2008; ... The cattle industry batch markets animals in pens. Because of this, animals within any one pen can be both underfed and overfed. Thus, there is a production inefficiency associated with batch marketing. We simulate the value of sorting animals through weight and ultrasound measurements from ...
The Impact of the Kansas Wheat Breeding Program on Wheat Yields, 1911-2006
Dec 01, 2008; ... This paper quantifies advances of the Kansas Agricultural Experiment Station (KAES) wheat breeding program for two time periods: (1) 1911 to 2006 and (2) 1977 to 2006. Using multiple regression, increases in yields of wheat varieties grown in Kansas are quantified, holding growing conditions and ...
Assessing Time-Varying Oligopoly and Oligopsony Power in the U.S. Paper Industry
Dec 01, 2008; ... The U.S. paper industry has become increasingly concentrated and therefore been suspected of imperfect competition. In this study, the new empirical industrial organization approach is employed to measure the degree of oligopoly and oligopsony power in the U.S. paper industry simultaneously. The ...
Growing U.S. Trade Deficit in Consumer-Oriented Agricultural Products
Dec 01, 2008; ... We investigate the factors behind the growing U.S. trade deficit in consumer-oriented agricultural products by using reliable panel data and an empirical trade model derived from international trade theory. The results indicate that per capita income in the United States appears to be the most ...
Income Effects on the Trade Balance in the United States: Analysis by Sector
Dec 01, 2008; ... This study examines the causes of the countercyclicality of the trade balance in the three major sectors of the U.S. economy: services, manufacturing, and agriculture. These results are compared with the results pertinent to the U.S. economy as a whole. At the macroscopic level, Sachs' ...
Relative Importance of Factors Affecting Customer's Decisions to Buy Pick-Your-Own Versus Preharvested Fruit at North Carolina Farms
Dec 01, 2008; ... This study identifies the most important factors affecting customers' decisions to buy pick-your-own versus prepicked strawberries and muscadine grapes at direct- market operations in North Carolina. The relative importance analysis identified the region of location of the operations and prices ...
Land Preservation in British Columbia: An Empirical Analysis of the Factors Underlying Public Support and Willingness to Pay
Dec 01, 2008; ... This study extends previous empirical research on land preservation by considering an actual land preservation scheme, the agricultural land reserve in British Columbia, Canada. The reserve was established in 1973 to ensure that development did not occur on the province's most productive ...
Dynamics of Price Transmission in the Presence of a Major Food Safety Shock: Impact of H5N1 Avian Influenza on the Turkish Poultry Sector
Dec 01, 2008; ... This article addresses the dynamic impact of the 2005 H5N1 avian influenza outbreak on the Turkish poultry sector. Contemporary time-series analyses with historical decomposition graphs are used to address differences in monthly price adjustments between market levels along the Turkish poultry ...
European Union Import Demand for In-Shell Peanuts
Dec 01, 2008; ... This paper analyzes the European Union (EU) import demand for in-shell peanuts from three sources: the United States, China, and the rest of the world. We find that peanuts from different sources are differentiated by EU consumers. The expenditure elasticity is elastic for U.S. in-shell peanuts, ...
Implications of Integrated Commodity Programs and Crop Insurance
Aug 01, 2008; ... Moving from price-triggered to area revenue-triggered programs was perhaps the most common theme among 2007 farm bill proposals. Area revenue-triggered commodity programs may make farm-level revenue insurance products seem redundant, raising questions about why the federal government should ...
Discussion: The 2007 Farm Bill and Crop Insurance: Implications for Crop Producers in the South
Aug 01, 2008; ... The crop insurance program has grown significantly since passage of the 2002 Farm Bill. Total premiums more than doubled from $2.9 billion in 2002 to $6.6 billion in 2007. This growth in the crop insurance program is due to a combination of greater participation by growers at higher levels of ...