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| Registros recuperados: 91 | |
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| Hennessy, David A.; Babcock, Bruce A.; Hayes, Dermot J.. |
| The efficiency of redistribution and the level of government costs of revenue assurance are compared with current farm programs. The results suggest that a revenue assurance program that uses a fixed base acreage and actual or county average yields to assure whole farm revenues could provide a significant improvement over existing policies. The result derives in large part because revenue assurance works only when needed and it works on the component of the objective function (revenue) that is of greatest relevance to producers. Also a fixed base revenue assurance scheme would eliminate resource misallocation costs associated with current programs. A revenue assurance scheme that guaranteed 100 percent of base revenues would provide almost as much... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1995 |
URL: http://purl.umn.edu/18519 |
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| Tokgoz, Simla; Elobeid, Amani E.; Fabiosa, Jacinto F.; Hayes, Dermot J.; Babcock, Bruce A.; Yu, Tun-Hsiang (Edward); Dong, Fengxia; Hart, Chad E.; Beghin, John C.. |
| Projections of U.S. ethanol production and its impacts on planted acreage, crop prices, livestock production and prices, trade, and retail food costs are presented under the assumption that current tax credits and trade policies are maintained. The projections were made using a multi-product, multi-country deterministic partial equilibrium model. The impacts of higher oil prices, a drought combined with an ethanol mandate, and removal of land from the Conservation Reserve Program (CRP) relative to baseline projections are also presented. The results indicate that expanded U.S. ethanol production will cause long-run crop prices to increase. In response to higher feed costs, livestock farmgate prices will increase enough to cover the feed cost increases.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Biofuels; Corn acreage; Crop prices; Ethanol production; Food prices; Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/9811 |
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| Elobeid, Amani E.; Carriquiry, Miguel A.; Fabiosa, Jacinto F.; Mulik, Kranti; Hayes, Dermot J.; Babcock, Bruce A.; Dumortier, Jerome; Rosas, Francisco. |
| This analysis uses the 2011 FAPRI-CARD (Food and Agricultural Policy Research Institute–Center for Agricultural and Rural Development) baseline to evaluate the impact of four alternative scenarios on U.S. and world agricultural markets, as well as on world fertilizer use and world agricultural greenhouse gas emissions. A key assumption in the 2011 baseline is that ethanol support policies disappear in 2012. The baseline also assumes that existing biofuel mandates remain in place and are binding. Two of the scenarios are adverse supply shocks, the first being a 10% increase in the price of nitrogen fertilizer in the United States, and the second, a reversion of cropland into forestland. The third scenario examines how lower energy prices would impact world... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Afforestation; Energy price; Ethanol tax credit; Fertilizer; Partial equilibrium model; Policy analysis; Agricultural and Food Policy; Demand and Price Analysis; Resource /Energy Economics and Policy. |
| Ano: 2011 |
URL: http://purl.umn.edu/107043 |
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| Hayes, Dermot J.; Wendt, Noah. |
| This report combines existing research and further economic analysis to suggest that, with one notable exception, animal feed customer are unlikely to be willing to pay a premium for many of the genetic modifications that are under development in seed corn. This conclusion is based on an assessment of apparent economic barriers to adoption of new genetic modifications; barriers that are unique to the animal feed industry. The conclusion contradicts previous work by the co-author of this paper, Dermot Hayes, and others at Iowa State University.* First, and most important, the widespread use of least-cost rations in the animal feed industry ensures that any genetic modification will be valued at the commodity cost of the modification. This makes the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness; Livestock Production/Industries. |
| Ano: 2000 |
URL: http://purl.umn.edu/18295 |
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| Lence, Sergio H.; Hayes, Dermot J.. |
| A dynamic three-commodity rational-expectations storage model is used to compare the impact of the Federal Agricultural Improvement and Reform (FAIR) Act of 1996 with a free-market policy, and with the agricultural policies that preceded the FAIR Act. Results support the hypothesis that the changes enacted by FAIR did not lead to permanent significant increases in the volatility of farm prices or revenues. An important finding is that the main economic impacts of the pre-FAIR scenario, relative to the free-market regime, were to transfer income to farmers and to substitute government storage for private storage in a way that did little to support prices or to stabilize farm incomes. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: FAIR Act; Price volatility; Storage; Agricultural and Food Policy. |
| Ano: 2000 |
URL: http://purl.umn.edu/18937 |
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| Registros recuperados: 91 | |
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