Recently added articles from Journal of Agricultural and Resource Economics:
Modeling of Avian Influenza Mitigation Policies Within the Backyard Segment of the Poultry Sector
Aug 01, 2008; ... This study presents a conceptual model for the analysis of avian influenza mitigation options within the small poultry farm sector (backyard flocks). The proposed model incorporates epidemiologic susceptible-infected-recovered (SIR) methodology into an economic cost-minimization framework. The ...
Get a GRIP: Should Area Revenue Coverage Be Offered Through the Farm Bill or as a Crop Insurance Program?
Aug 01, 2008; ... The successful expansion of the U.S. crop insurance program has not eliminated ad hoc disaster assistance. An alternative currently being explored by Congress in preparation of the 2008 farm bill is a standing disaster relief program. One form such a program could take can be found in the area ...
Balancing Grower Protection Against Agency Concerns: An Economic Analysis of Contract Termination Damages
Aug 01, 2008; ... This study examines legislation that would grant growers termination damages if their contracts are terminated. Our model suggests that, with no contracting frictions, damages would not reduce ex ante efficiency as processors can contract around damages through contract restructuring. Growers ...
Spatial Dependence in Hedonic Property Models: Do Different Corrections for Spatial Dependence Result in Economically Significant Differences in Estimated Implicit Prices?
Aug 01, 2008; ... While data used in hedonic property models are inherently spatial in nature, to date the majority of past regression analyses have used OLS models that overlook possible spatial dependence in the data when estimating implicit prices for environmental hazards. This paper explicitly addresses ...
Market Power in the Corn Sector: How Does It Affect the Impacts of the Ethanol Subsidy?
Aug 01, 2008; ... Market power is discussed in debates about subsidies for ethanol production. The structural conditions in the corn industry create a case for concerns about market power. We develop an analytical model for determining the production and price impacts and the distribution of benefits from the ...
Public Policy and Endogenous Beliefs: The Case of Genetically Modified Food
Aug 01, 2008; ... When individuals have limited information and are uncertain about the quality of a good, government policy, or the lack thereof, can serve as a signal to consumers about the likelihood of realizing alternative states of nature. In this paper, we focus on a controversial market characterized by ...
The Demand for Agritourism in the United States
Aug 01, 2008; ... Using data from the 2000 National Survey on Recreation and the Environment, this study explores factors affecting visits by the American population to farms and the economic value of the rural landscape for farm visitors. The number of farm recreation trip visits was estimated to have an ...
Forest Amenities and Location Choice in the Southwest
Aug 01, 2008; ... Locations with natural characteristics, such as forests, are thought to be attractive residential locations. This proposition is tested in the Southwest United States, composed of Arizona and New Mexico. This paper presents a conditional logit model of location choice estimated with household ...
Testing Whether Field Auction Experiments Are Demand Revealing in Practice
Aug 01, 2008; ... Recent evidence suggests that participants' misunderstanding of experimental auction mechanisms can systematically bias auction results. We present a simple technique for testing whether field auction participants fully understand the demandrevealing nature of the auction mechanism and, by ...
The Choice of Fish Species: An Experiment Measuring the Impact of Risk and Benefit Information
Apr 01, 2008; ... An experiment was conducted in France to evaluate the impact of health information on consumers' choice. Fish have positive and negative health attributes, and we focus on fish species of diverging risk-benefit ratios. Successive messages revealing risks (methylmercury) and benefits (omega-3s), ...
Fire and Recreation Values in Fire-Prone Forests: Exploring an Intertemporal Amenity Function Using Pooled RP-SP Data
Apr 01, 2008; ... An important consideration in managing fire-prone forests is the intertemporal impacts of forest fires. This analysis examines these impacts in a forest recreation setting by fitting a combined stated and revealed data set to explicitly model the effects of forest regrowth following a fire on ...
Weather Derivatives, Spatial Aggregation, and Systemic Risk: Implications for Reinsurance Hedging
Apr 01, 2008; ... Previous studies identify limited potential efficacy of weather derivatives in hedging agricultural exposures. In contrast to earlier studies which investigate the problem at low levels of aggregation, we find that better weather hedging opportunities may exist at higher levels of spatial ...
Using a Farmer's Beta for Improved Estimation of Expected Yields
Apr 01, 2008; ... Effects of sampling error in estimation of farmers' mean yields for crop insurance purposes and their implications for actuarial soundness are explored using farm-level corn yield data in Iowa. Results indicate that sampling error, combined with nonlinearities in the indemnity function, leads to ...
Procurement Strategies to Improve Quality Consistency in Wheat Shipments
Apr 01, 2008; ... Consistency of functional characteristics in wheat is a concern confronting buyers and sellers. This research analyzes the cost and risk of different procurement strategies for importers. A stochastic simulation model is used to determine the probability of functional characteristics being ...
Information Content in Deferred Futures Prices: Live Cattle and Hogs
Apr 01, 2008; ... The informational content in live cattle and hog deferred futures prices is assessed using a direct test of incremental forecast ability for two- to twelve-month horizons. For 1976-2007, the results indicate that hog futures prices add incremental information at all horizons, but unique ...
Factors Affecting the Adoption of Soil Conservation Measures: A Case Study of Fijian Cane Farmers
Apr 01, 2008; ... This study explores the extent to which various factors affect Fijian cane farmers' adoption of soil conservation measures. The significant factors affecting perception of the soil erosion problem include age, education, ethnicity, and extension services. On the other hand, the significant ...
Differences in Prices and Price Risk Across Alternative Marketing Arrangements Used in the Fed Cattle Industry
Apr 01, 2008; ... Information on prices and price risk differences across marketing arrangements aids fed cattle producers in making choices about marketing methods. As part of the congressionally mandated Livestock and Meat Marketing Study, we investigated fed cattle price and price risk differences across ...
DeeVon Bailey WAEA President, 2007-2008
Dec 01, 2007; ... DeeVon Bailey, Ph.D., is professor and extension marketing specialist in the Department of Economics at Utah State University. Bailey received a B.A. (1980) in Economics and an M.S. (1981) in Agricultural Economics, both from Utah State University. In 1983, he received his Ph.D. in Agricultural ...
Political Economy of the U.S. Cattle and Beef Industry: Innovation Adoption and Implications for the Future
Dec 01, 2007; ... Market innovation and investment are key elements contributing to the health and success of any industry. However, U.S. cattle and beef interests appear to be resisting some of the market innovations that are occurring in their industry. This includes resisting innovations designed to provide ...
Finding Peace for Economists in Universities
Dec 01, 2007; ... Evidence suggests that economists and agricultural economists have an unusual ability to create anxiety for university upper administrators. Interviews with university provosts and deans revealed support for faculty conducting relevant policy analysis, and discomfort with economists' ...