Recently added articles from Journal of Agricultural and Resource Economics:

The Choice of Fish Species: An Experiment Measuring the Impact of Risk and Benefit Information

Apr 01, 2008; Marette, Stéphan; Roosen, Jutta; Blanchemanche, Sandrine; Verger, Philippe ... 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; Boxall, Peter C; Englin, Jeffrey E ... 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; Woodard, Joshua D; Garcia, Philip ... 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; Carriquiry, Miguel A; Babcock, Bruce A; Hart, Chad E ... 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; Wilson, William W; Dahl, Bruce L ... 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; Sanders, Dwight R; Garcia, Philip; Manfredo, Mark R ... 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; Asafu-Adjaye, John ... 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; Muth, Mary K; Liu, Yanyan; Koontz, Stephen R; Lawrence, John D ... 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 ...