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Discussion: Commodity Price Discovery: Problems That Have Solutions or Solutions That Are Problems AgEcon
Fortenbery, T. Randall.
This paper examines three invited papers focused on commodity prices. Public responses to high nominal commodity prices and perceived increases in price risk have ranged from attempts to assign blame, attempts to change contracting arrangements, and development of public policy that ‘‘protects’’ the market from future occurrences of unacceptable behavior. Interestingly, a result of increased commodity price volatility has suggested that futures markets no longer ‘‘work.’’ This is ironic given that futures markets initially came into existence as tools for managing the negative impacts of commodity price risk. In response to perceptions of market failure some are looking for strategies to regulate the who and how of futures trading.
Tipo: Journal Article Palavras-chave: Futures markets; Hedging; Price risk; Risk management; Speculation; Agribusiness; Agricultural Finance; Marketing; Risk and Uncertainty; G13; Q11; Q13; Q14.
Ano: 2009 URL: http://purl.umn.edu/53084
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Industry Leaders' Perspectives on Communicating the Cooperative Value Package AgEcon
Keeling Bond, Jennifer J.; Bhuyan, Sanjib.
Tipo: Journal Article Palavras-chave: Communication; Cooperatives; Value Package; Agribusiness; Q13; P13.
Ano: 2011 URL: http://purl.umn.edu/117414
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Application of Weather Derivatives in Multi-Period Risk Management AgEcon
Vedenov, Dmitry V.; Sanchez, Leonardo.
This work is a first attempt to analyze the effect of weather derivative availability on the risk management strategies in a multi-period setting, when crop activities take place twice a year. Rice production in Ecuador is used as a case study. Numerical solutions show farmers improve their well-being by reducing their risk exposure.
Tipo: Conference Paper or Presentation Palavras-chave: Weather Derivatives; Risk Management; Multi-Period.; Agribusiness; Agricultural Finance; Risk and Uncertainty; Q13; Q14.
Ano: 2011 URL: http://purl.umn.edu/103740
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Do Farmers Benefit from Participating in Specialty Markets and Cooperatives? The Case of Coffee Marketing in Costa Rica AgEcon
Wollni, Meike; Zeller, Manfred.
Historically low prices in the conventional coffee market have caused financial and social hardship among coffee farmers. In the face of this crisis, specialty markets have attracted the attention of the international donor community. These market segments have shown consistent growth over the last decade and exhibit price premiums in international markets. Therefore, if higher prices are passed on to farmers, access to specialty markets could help to alleviate the crisis brought on by low prices in the conventional sector. The present study attempts to identify the factors that determine farmers' participation in specialized markets and whether participation in these markets leads to higher prices for farmers. A two-stage model is used to analyze farmers'...
Tipo: Conference Paper or Presentation Palavras-chave: Central America; Costa Rica; Coffee; Specialty markets; Cooperatives; Agribusiness; Marketing; Q13; L1.
Ano: 2006 URL: http://purl.umn.edu/25670
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Marketing Efficiency of Green Peas under Different Supply Chains in Punjab AgEcon
Sidhu, R.S.; Sidhu, M.S.; Singh, J.M..
During the year 2007-08, the area under green peas in Punjab was 18.45 thousand hectares with a production of 1.11 lakh tonnes. The total consumption at the farm level being just 2.54 per cent, the marketed surplus was 97.46 per cent. The maximum quantity of green peas was sold by the growers in the wholesale market (about 89%) and the rest was sold at the farm, in the village and in Apni Mandi. The marketing of green peas has been studied by three supply chains, viz. I: Producer → wholesaler (through commission agent) → retailer → consumer; II: Producer → retailer (through commission agent) → consumer; III: Producer → consumer. The net price received by the producer was 67 per cent, 69 per cent and 94 per cent in supply chains I, II and III respectively...
Tipo: Article Palavras-chave: Marketing efficiency; Green peas; Supply chains; Punjab; Price spread; Agricultural and Food Policy; Q13; Q12.
Ano: 2011 URL: http://purl.umn.edu/119379
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Price Setting in Food SMEs: Which Role for Marketing Capability? An Empirical Analysis in Italy AgEcon
Banterle, Alessandro; Carraresi, Laura; Cavaliere, Alessia.
Small and medium-sized enterprises (SMEs) are fighting for survival due to globalization, growing competition with big retailers, and strategies adopted by large industrial companies. Difficulties in pricing are also revealed in the literature. Therefore, appropriate activity is needed to be more a price maker than a taker, and to reach a better market power. On the other hand, market opportunities for SMEs are related to demand evolution toward food quality and traditional food products. To profit by such opportunities, SMEs need to focus on consumer requirements, by differentiating their products. In this way, firms could apply a premium price that justifies the peculiar value of the product, and that the consumer should be willing to pay. Nonetheless,...
Tipo: Presentation Palavras-chave: Traditional food products; Price setting; Marketing capability; Ordinal regression model; Agribusiness; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; Marketing; Research Methods/ Statistical Methods; L25; L66; M31; Q13.
Ano: 2011 URL: http://purl.umn.edu/122000
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Consumer Awareness, Perceptions and Behaviour Towards Farmed Versus Wild Fish AgEcon
Verbeke, Wim; Brunso, Karen.
This study provides empirical evidence about European consumer awareness, perceptions and behavior towards farmed and wild fish. The evidence is based on three empirical studies: a consumer survey in Belgium in March 2003, focus group discussions with consumers in Belgium and Spain in May 2004, and a pan-European consumer survey with a sample of 4,786 fish consumers in Belgium, the Netherlands, Denmark, Span and Poland in November-December 2004. Consumer awareness about the farmed or wild origin of fish is rather poor, particular among lighter fish user groups. Perceptions are quite diverse across Europe. Furthermore, perceptions often contrast with current scientific evidence, in particular with respect to behalf and nutritional value where consumers...
Tipo: Conference Paper or Presentation Palavras-chave: Attitude; Aquaculture; Consumer; Fish; SEAFOODplus; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; D12; M31; Q13; Q22.
Ano: 2005 URL: http://purl.umn.edu/56075
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Valoração de atributos de qualidade em pêssegos comercializados no estado de São Paulo AgEcon
Lima, Lilian Maluf de; Caixeta Filho, Jose Vicente; Kassouf, Ana Lucia; Amorim, Lilian.
Econometric models were developed to estimate the implicit prices for selected quality attributes of fresh peaches commercialized in the state of Sao Paulo. Such estimation is conducted in two stages of the distribution chain, namely, wholesale and retail sales. Data on the price and quality attributes (such as color, size, varieties and types of damages) of fresh peaches were obtained from cross-sectional data in different time periods. The estimation of Hedonic Prices is proposed as a method to evaluate post-harvest price variations from wholesale to retail sales. The results obtained allowed us to identify the gains accrued in each stage, deriving from the improvement in the product quality attributes.
Tipo: Journal Article Palavras-chave: Peach; Hedonic price; Evaluation; Quality; Post-harvest; Losses.; Consumer/Household Economics; Q13; C21.
Ano: 2009 URL: http://purl.umn.edu/60809
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Contractual Arrangements of Traders in Chinese Wholesale Markets AgEcon
Yu, Xiaohua; Abler, David G.; Zeng, Yinchu.
Using a survey data of 700 traders, this study scrutinizes contract choices and enforcement for agricultural traders in China. This study finds that market service and environment are very important for both contract choices and enforcement. Better market service and environment can increase the propensity of using contract and the probability of contract enforcement both for purchase and sales of products. Education and memberships of special associations are also important for contract choices and enforcement. Higher education and affiliation to special associations for traders can increase the propensity of contracts and reduce contract breaches. However, the formats of contracts, whether contracts are oral or written, are not important for contract...
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural Contract; Trader; Wholesale Market; China; Agribusiness; Industrial Organization; International Development; Marketing; Risk and Uncertainty; L14; Q12; Q13.
Ano: 2009 URL: http://purl.umn.edu/51399
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The Relationship Between Strategic Choices and Performance in Italian Food SMEs: A Resource-based Approach AgEcon
Carraresi, Laura; Mamaqi, Xhevrie; Albisu, Luis Miguel; Banterle, Alessandro.
In the context of progressive rise of the competition among firms, due to the increasing globalisation, it is interesting to understand the potential sources of competitive advantage in order to set up a successful strategy. The theory of Resource-based View used in this framework examines the connection among internal resources and strategic choices, and how the latter affect firm performance. The firm strategy is determined by available resources and capabilities which are deployed to obtain a good performance. Therefore, strategic choices act in between resources and performance. The purpose of the paper is to evaluate the relationship between strategic choices and performance achieved by food SMEs, based on a set of distinctive resources. This approach...
Tipo: Conference Paper or Presentation Palavras-chave: Resource-based view; Strategic choices; SMEs; Food sector; Structural equation modelL11; L25; L66; Q13; Agribusiness.
Ano: 2011 URL: http://purl.umn.edu/114318
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Evaluating the Economic Impact of Farmers’ Markets Using an Opportunity Cost Framework AgEcon
Hughes, David W.; Brown, Cheryl; Miller, Stacy; McConnell, Tom.
Farmers’ markets presumably benefit local economies through enhanced retention of local dollars. Unlike other studies, the net impact of farmers’ markets on the West Virginia economy is examined. Producer survey results are used in estimating annual direct sales ($1.725 million). Using an IMPLAN-based input-output model, gross impacts are 119 jobs (69 full-time equivalent jobs) and $2.389 million in output including $1.48 million in gross state product (GSP). When the effect of direct revenue losses are included (primarily for grocery stores), the impact is reduced to 82 jobs (43 full-time equivalent jobs), $1.075 million in output, and $0.653 million in GSP.
Tipo: Journal Article Palavras-chave: Farmers’ markets; Input-output models; Net economic impact; Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Food Consumption/Nutrition/Food Safety; R15; Q13; Q18.
Ano: 2008 URL: http://purl.umn.edu/45523
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The Relative Importance of Preferences for Country-of-Origin in China, France, Niger and the United States AgEcon
Ehmke, Mariah D.; Lusk, Jayson L.; Tyner, Wallace E..
Country-of-origin (COO) is an increasingly politicized credence attribute in the globalizing food system. While international policy development in this area is geographically far-reaching, the benefits of country-of-origin labels (COOL) to producers and consumers from countries in different locations and levels of economic development are not clear. Previous work investigates the importance of COO to consumers, but is typically limited in scope to consumers in one nation. In addition, little is known about the importance of COO information relative to other credence attributes, especially in non-meat food products. This study measures the benefits of COOL to an internationally diverse set of consumers (in developed and developing countries) and estimates...
Tipo: Conference Paper or Presentation Palavras-chave: Country-of-origin; Genetic modification; Organic; Conjoint; Onion; Information; Food policy; International Relations/Trade; Q13; Q18; Q17.
Ano: 2006 URL: http://purl.umn.edu/25408
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Cooperatives, Regulation and Competition in Norwegian Agriculture AgEcon
Tennbakk, Berit.
Over production is a persistent and costly problem in Norwegian agriculture. Support to agricultural production implicitly yields incentives to produce too much, i.e., causing market prices to fall below the target level, and thereby increasing the need for subsidies and additional market interventions. In order to restrict supplies, farmers are allowed to coordinate through marketing cooperatives. The paper argues that this coordination is likely to be insufficient in markets where the cooperative competes with an investor-owned wholesaler. Interventions in the market in order to remove excess supplies may induce further incentives to increase production. Levying a tax on all production in order to cover market regulation costs, moves the solution in the...
Tipo: Conference Paper or Presentation Palavras-chave: Cooperatives; Regulation; Over production; Duopoly; Agribusiness; Q13; L21; D43.
Ano: 2002 URL: http://purl.umn.edu/24907
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Le Coton en Afrique de l’Ouest et du Centre: Adaptation d’un Modèle réussi à de nouvelles réalités AgEcon
Kelly, Valerie A.; Tschirley, David L..
Produced for review by the United States Agency for International Development under the WACIP project funded by USAID (Programme de Renforcement du Secteur Coton en Afrique de l'Ouest et du Centre
Tipo: Report Palavras-chave: Africa; Cotton; Crop Production/Industries; Q13.
Ano: 2008 URL: http://purl.umn.edu/55359
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Are Consumers Willing to Pay for Organic When the Food is Already Local? AgEcon
Connolly, Cristina; Klaiber, H. Allen.
The emergence of community supported agriculture (CSA) farms has provided a new way for small farms to remain competitive while engaging their local community through direct marketing. In this study, we report on some of the first revealed preference valuation of CSA attributes, including the willingness to pay for competing organic certification programs. Using data on the prices and attributes of 188 CSA farms spanning Ohio and Pennsylvania we estimate willingness to pay measures from both hedonic and nearest-neighbor matching methods. Results from a semi-log hedonic reveal a willingness to pay of approximately 9% for organic branding compared to natural, which translates into an additional $48 per summer season share. We also find a statistically...
Tipo: Working Paper Palavras-chave: Organic; Local; Matching; Hedonic; Community supported agriculture; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; Q13; Q51.
Ano: 2012 URL: http://purl.umn.edu/124364
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Tribuna de Debate: La PAC 2020: Claves interpretativas de la comunicación de la Comisión Europea, COM (2010) 672 de 18.11.2010. AgEcon
Massot Marti, Albert.
Debate discussion
Tipo: Journal Article Palavras-chave: CAP reform; Aids; Agricultural markets; Rural development; Agricultural and Food Policy; H61; Q13; Q18; R58.
Ano: 2011 URL: http://purl.umn.edu/117624
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Can German Wine Cooperatives Compete on Quality? AgEcon
Schamel, Guenter.
The German Agricultural Society (DLG) manages a multi-round annual quality control scheme where wines undergo a blind, sensory testing procedure using a 5-point scale to determine superior quality wines worthy of an annual award (Bronze, Silver, Gold, and Gold Extra). We develop a hedonic model for the 2005 award competition estimating implicit prices for different product attributes including sensory awards, quality categories, and wine style. We also control for regional origin, variety, color, and age. To discern the impact of ownership structure, we distinguish cooperatives and private wineries. Silver and Bronze awards show significant price effects relative to Gold. We also estimate highly significant price effects between quality categories (e.g....
Tipo: Conference Paper or Presentation Palavras-chave: Cooperatives; Product Quality; Pricing; Agribusiness; Demand and Price Analysis; Marketing; Q13; L15; D4.
Ano: 2009 URL: http://purl.umn.edu/51552
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West Virginia Farm Direct Marketing: A County Level Analysis AgEcon
Brown, Cheryl; Gandee, Jesse E.; D'Souza, Gerard E..
To understand the factors that influence farm direct marketing, a linear regression model is estimated to test the relationships between county-level direct market sales and socioeconomic, agricultural production, and location characteristics for West Virginia. The results show that higher median housing value, increased population density, a younger population, a greater number of direct market farms, more diversity of fruit and vegetable production and closer proximity to Washington, D.C., increase direct market sales. The results have implications for other states with a large proportion of small and part-time farmers, many of whom are located in close proximity to metropolitan areas.
Tipo: Journal Article Palavras-chave: Direct market sales; Direct marketing; Farm sales; Farmers' market; Marketing; Q13; C21.
Ano: 2006 URL: http://purl.umn.edu/43778
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Improving the Impact of Market Reform on Agricultural Productivity in Africa: How Institutional Design Makes a Difference AgEcon
Jayne, Thomas S.; Shaffer, James D.; Staatz, John M.; Reardon, Thomas.
Improving the Impact of Market Reform on Agricultural Productivity in Africa: How Institutional Design Makes a Difference Abstract: This paper reviews the emerging empirical record of agricultural marketing policy reform and agricultural productivity, drawing from research on food access and agricultural productivity supported by USAID’s Africa Bureau on seven countries in West, Eastern, and Southern Africa. We also examine key factors constraining past and future performance of the food systems in these countries. The paper concludes by identifying a set of policy issues for further consideration that would help provide the investment incentives to promote productivity growth for the millions of low-input semi-subsistence rural households in the region.
Tipo: Report Palavras-chave: Food security; Food policy; Market reform; Agricultural and Food Policy; Marketing; Productivity Analysis; Downloads June 2008 - July 2009: 40; Q13.
Ano: 1997 URL: http://purl.umn.edu/54684
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The Effectiveness of Local Food Marketing Strategies of Food Cooperatives AgEcon
Katchova, Ani L.; Woods, Timothy A..
This study examines the role that food consumer cooperatives play in the local food networks. Data are collected from three case studies with leading food cooperatives and a national survey of the general managers of food cooperatives. We identify the emerging business practices in local sourcing as a differentiation and member recruitment strategy for food cooperatives. Our analysis identifies several clusters of strategies used for local food procurement, based on the extent to which the co-op is involved in procurement activities upstream (at the farm), mid-stream (at the distribution center) or downstream (at the food cooperative). The results also show that when compared to other grocers, food co-ops have clear advantages in working with local...
Tipo: Conference Paper or Presentation Palavras-chave: Food consumer cooperatives; Local foods; Consumer/Household Economics; Marketing; Q13.
Ano: 2011 URL: http://purl.umn.edu/103918
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