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The Economics of Regulations on Hen Housing in California AgEcon
Sumner, Daniel A.; Matthews, William A.; Mench, Joy A.; Rosen-Molina, J. Thomas.
Beginning January 1, 2015, conventional cage housing for egg-laying hens is scheduled to be prohibited in California. We consider the economic implications of the new hen housing regulations on the California shell egg industry. Our data show that egg production is more costly using noncage systems than conventional cages. The main result of the new regulations will be a drastic reduction in the number of eggs produced in California, a large increase in egg shipments from out of state, little if any change in hen housing for eggs consumed in California, and little change in egg prices in California.
Tipo: Journal Article Palavras-chave: Animal welfare regulation; Hen housing; Egg supply; Egg prices; Egg costs of production; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Consumer/Household Economics; Farm Management; Livestock Production/Industries; Production Economics; Productivity Analysis; Q11; Q18.
Ano: 2010 URL: http://purl.umn.edu/92577
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Factor Price Disparity and Retained Ownership of Feeder Cattle: An Application of Feedlot and Carcass Performance Data to Farm-Level Decision Making AgEcon
White, Brad J.; Anderson, John D.; McKinley, W. Blair; Parish, Jane.
In this study, we used farm-level data from a university feed-out program to evaluate how the value of feeder cattle ultimately realized through finishing and grid pricing differs from their market value at public auction. Consistent with the theory of factor price disparity results indicate that significant risk premiums exist in the feeder cattle market. Producers of cattle with known feedlot performance, carcass potential, or both might be better off retaining ownership of their calves or marketing them in a way that communicates the information that is known about their potential performance directly to the buyer.
Tipo: Journal Article Palavras-chave: Factor price disparity; Feeder cattle; Grid pricing; Farm Management; Livestock Production/Industries; Q11; Q12; Q13.
Ano: 2007 URL: http://purl.umn.edu/6657
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Food Calorie Intake under Grain Price Uncertainty: Evidence from Rural Nepal AgEcon
Pan, Suwen; Fang, Cheng; Rejesus, Roderick M..
This study evaluates the effects of grain output price uncertainty on the farm income of rural households and, consequently, how this uncertainty influences caloric intake through changes in farm income. Using a rural household data set, augmented with output price uncertainty measures calculated from historical time-series data, we find that grain output price uncertainty tends to decrease crop production income of rural households. In addition, we find that higher crop income from production increases calorie intake of rural households. Taken together, these results suggests that output price uncertainty during the production process may tend to reduce caloric intake of rural Nepalese households since the price uncertainty negatively affects the crop...
Tipo: Conference Paper or Presentation Palavras-chave: Food Calorie Intake; Price Uncertainty; Nepal; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; D12; O13; Q11; Q12.
Ano: 2008 URL: http://purl.umn.edu/6198
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SOURCES OF GROWTH AND SUPPLY RESPONSE: A CROSS-COMMODITY ANALYSIS OF CHINA'S GRAIN SECTOR AgEcon
Colby, Hunter; Diao, Xinshen; Somwaru, Agapi.
A growth accounting method is used to analyze the sources of growth in China's rice, wheat, corn and soybeans, the four most important crops in China's grain sector, during 1978-97. A large TFP contribution to growth in grain production is found in the period immediately following China's rural economic reform (1978-85). In recent years the growth rate of TFP falls sharply, contributing less than 20 percent of growth in grain production, as increased use of inputs became the major engine of growth. If the current government policy environment remains unchanged, China's grain production will become increasingly costly and constrain future growth and competitiveness in world grain markets. The supply response of the four grains is estimated using a...
Tipo: Working or Discussion Paper Palavras-chave: Supply response; Economic growth; Productivity; China; Crop Production/Industries; Productivity Analysis; Q11; O4; O47.
Ano: 1999 URL: http://purl.umn.edu/12985
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Are Staple Foods Becoming More Expensive For Urban Consumers In Eastern And Southern Africa? Trends in Food Prices, Marketing Margins, and Wage Rates in Kenya, Malawi, Mozambique, and Zambia AgEcon
Mason, Nicole M.; Jayne, Thomas S.; Donovan, Cynthia; Chapoto, Antony.
The world food and financial crises threaten to undermine the real incomes of urban consumers in eastern and southern Africa. This study investigates patterns in staple food prices, wage rates, and marketing margins for urban consumers in Kenya, Malawi, Mozambique, and Zambia between 1993 and 2009. There is high correlation among wage rate series for various government and private sector categories. We find that average formal sector wages rose at a faster rate than retail maize meal and bread prices in urban Kenya and Zambia between the mid-1990s and 2007. Although the 2007/08 food price crisis partially reversed this trend, the quantities of staple foods affordable per daily wage in urban Kenya and Zambia during the 2008/09 marketing season were still...
Tipo: Working or Discussion Paper Palavras-chave: Africa; Agriculture; Food security; Prices; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Security and Poverty; Labor and Human Capital; Marketing; Q11.
Ano: 2009 URL: http://purl.umn.edu/53451
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Country and border effects in the transmission of maize prices in Eastern Africa: evidence from a semi-parametric regression model AgEcon
Ihle, Rico; von Cramon-Taubadel, Stephan; Zorya, Sergiy.
This study uses a rich dataset of 85 market pairs between January 2000 and October 2008 for Kenya, Tanzanian and Uganda, the three largest member countries of the East Africa Community, to analyze the factors determining national and cross-national maize price transmission. Although the three countries are members of the community’s customs union and they each claim to pursue maize trade without borders, their agricultural trade policies still differ, thus affecting prices and trade flows to different extents. This analysis extends the existing border effects literature in three ways. First, it assesses the magnitude of price transmission, instead of analyzing trade flows or price variability. Second, distance is shown to have a significant impact on price...
Tipo: Journal Article Palavras-chave: Border effect; Spatial market integration; Cointegration; Semi-parametric regression; Partially linear model; Eastern Africa; Maize; Demand and Price Analysis; C32; Q11; Q13; Q17; Q18.
Ano: 2010 URL: http://purl.umn.edu/96184
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Staple food prices in Tanzania AgEcon
Minot, Nicholas.
Prepared for the Comesa policy seminar on “Variation in staple food prices: Causes, consequence, and policy options”, Maputo, Mozambique, 25-26 January 2010 under the African Agricultural Marketing Project (AAMP)
Tipo: Conference Paper or Presentation Palavras-chave: Tanzania; Food security; Food prices; Agricultural and Food Policy; Demand and Price Analysis; Food Security and Poverty; International Development; International Relations/Trade; Q11; Q13; Q18.
Ano: 2010 URL: http://purl.umn.edu/58555
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The Impact of the New York State Retail Milk Price Regulation on Farm-to-Retail Price Transmission and Supermarket Pricing Strategies in Metropolitan Fluid Milk Markets AgEcon
Bolotova, Yuliya; Novakovic, Andrew M..
The New York State Milk Price Gouging Law establishes that the retail prices of fluid milk products are not to exceed 200% of the prices that NYS milk processors pay for Class I milk. The enforcement of this law significantly affected the nature of the Class I fluid milk price transmission process and the milk pricing strategies of supermarkets in the five largest cities in New York State: New York City, Albany, Syracuse, Buffalo and Rochester. During the pre-law period, supermarkets used a retail price-stabilization strategy, as evidenced by asymmetric Class I fluid milk price transmission. In contrast, supermarkets use a retail profit stabilization strategy during the law period. This variation of retail milk price control actually creates an...
Tipo: Conference Paper or Presentation Palavras-chave: Dairy; Milk; Price regulation; Price transmission; Asymmetric price response; Food retailing; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; Industrial Organization; Marketing; Q11; Q13; Q18.
Ano: 2011 URL: http://purl.umn.edu/104514
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China's Meat Consumption: An Income Elasticity Analysis and Long-Term Projections AgEcon
Masuda, Tadayoshi; Goldsmith, Peter D..
Cover, Poster, and Materials
Tipo: Conference Paper or Presentation Palavras-chave: Bennett's law; China; Meat consumption; Income elasticity; Vector error correction model (VECM); Projection; Agricultural and Food Policy; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; C22; Q11; Q13.
Ano: 2010 URL: http://purl.umn.edu/61601
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Updating the Estimation of the Supply of Storage Model AgEcon
Zulauf, Carl R.; Zhou, Haijiang; Roberts, Matthew C..
An updated supply of storage equation is estimated to reflect recent developments in the theoretical and empirical literature. Among the findings is an inverse relationship between storage cost adjusted price spread and a proxy measure of convenience yield, and a curvilinear relationship between stocks-to-use ratio and implied volatility.
Tipo: Conference Paper or Presentation Palavras-chave: Supply of storage; Implied volatility; Convenience yield; Research Methods/ Statistical Methods; Q11; Q14; G10.
Ano: 2005 URL: http://purl.umn.edu/19122
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How to Derive Market Impacts of the Luxembourg Agreement on the German Beef Market - A Synthetic Uniform Model versus an Econometric Country Specific Model AgEcon
Salamon, Petra.
The paper discusses two partial equilibrium models, one is a synthetic model (GAPsi) and the other an econometrically estimated model (AG-MEMOD). While the synthetic model incorporates only price impacts and some shifts, the econometric model also reflects other influencing factors. Price formation includes policy measures as price wedges, or as explaining variables in key price equations or price transmission equations, which is also true when premiums and decoupling are regarded. When the Luxembourg Agreement is simulated, our example of beef shows that these model differences induce deviations in model results, especially concerning prices and trade.
Tipo: Conference Paper or Presentation Palavras-chave: Partial equilibrium model; CAP; Luxembourg Agreement; Projections; Econometric estimation; Agricultural and Food Policy; Q11; Q18.
Ano: 2005 URL: http://purl.umn.edu/24570
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A Comparative Study of China's and Australia's Cotton Production AgEcon
Zhao, Xufu; Tisdell, Clement A..
After providing information about the global importance of cotton as a textile and China’s and Australia’s contribution to global cotton production, this paper examines and compares trends in the time-series of cotton production of China and Australia for the period 1980-2007. In doing so, it takes account of changes in the area planted with cotton and its yield. Correlation estimates and decomposition analysis are used to determine the relative contribution to variations in the total output of cotton of changes in the total area planted with cotton and its yield in both countries. These relative contributions are found to be quite different for Australia and China. In addition, there is a comparative analysis of fluctuations in the production of cotton,...
Tipo: Working or Discussion Paper Palavras-chave: Australia; Agricultural economics; China; Cotton production; Cotton supply responses; Fibre markets; Fluctuations in agricultural production; Crop Production/Industries; International Relations/Trade; Q00; Q10; Q11; Q13; Q18; Q19.
Ano: 2009 URL: http://purl.umn.edu/90622
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Dynamic Adjustment of U.S. Agriculture to Energy Price Changes AgEcon
Lambert, David K.; Gong, Jian.
Energy prices increased significantly following the first energy price shock of 1973. Agricultural producers found few short run substitution possibilities as relative factor prices changed. Inelastic demands resulted in total expenditures on energy inputs that have closely followed energy price changes over time. A dynamic cost function model is estimated to derive short and long run adjustments within U.S. agriculture between 1948 and 2002 to changes in relative input prices. The objective is to measure the degree of farm responsiveness to energy price changes and if this responsiveness has changed over time. Findings support inelastic demands for all farm inputs. Statistical results support moderate increases in responses to energy and other input price...
Tipo: Journal Article Palavras-chave: Dynamic cost function; Energy prices; U.S. agriculture; Agricultural and Food Policy; Demand and Price Analysis; International Development; Production Economics; Productivity Analysis; Q11; Q41.
Ano: 2010 URL: http://purl.umn.edu/90666
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The Demand for Disaggregated Food-Away-from-Home Products AgEcon
Okrent, Abigail M.; Alston, Julian M..
Food away from home (FAFH) is an important component of the demand for food and hence, the nutritional intake of adults and children in the United States. Hence, policies designed to influence nutritional outcomes should address the role of FAFH. However, most studies of the response of demand for food to policy changes have ignored the role of FAFH, which means the estimates must be biased, while those studies that have included FAFH have treated it as a single good, giving rise to potential aggregation biases. In this study we estimate a demand system including a FAFH and alcoholic beverages composite (i.e., the aggregate of the three products modeled in the second stage), along with nine food at home (FAH) products (cereals and bakery products, dairy,...
Tipo: Conference Paper or Presentation Palavras-chave: Food Demand; Food Away From Home (FAFH); Food Consumption/Nutrition/Food Safety; D12; Q11.
Ano: 2011 URL: http://purl.umn.edu/103625
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The U.S. Agricultural Sector and the Macroeconomy AgEcon
Baek, Jungho; Koo, Won W..
The effects of the exchange rate, the U.S. agricultural price, the domestic income, and the interest rate on the U.S. net farm income are investigated in a cointegration framework. For this purpose, the Phillips-Hansen fully-modified cointegration (FM-OLS) procedure is applied to annual data for the period 1957–2008. Results suggest that there exists the long-run equilibrium relationship between the U.S. net farm income and the selected macroeconomic variables. We also find that the exchange rate and U.S. agricultural price are more important than other variables in determining the U.S. net farm income.
Tipo: Journal Article Palavras-chave: Agricultural price; Exchange rate; Gross domestic product; Interest rate; Net farm income; Phillips-Hansen fully-modified cointegration technique; Agribusiness; Agricultural Finance; Land Economics/Use; Production Economics; Research Methods/ Statistical Methods; C22; E23; Q11.
Ano: 2010 URL: http://purl.umn.edu/92580
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Assessing the economic costs of an outbreak of Foot and Mouth Disease on Brittany: A dynamic computable general equilibrium approach AgEcon
Gohin, Alexandre; Rault, Arnaud.
Epizootic outbreaks such as Foot and Mouth Disease are of great concern for agriculture. In this paper, we quantify the potential dynamic impacts of such a disease on Brittany, a French region with a strong livestock sector. We develop a dynamic computable general equilibrium model with rational expectations that allows us to measure the impacts of culling infected animals and restraining movements of live animals on the livestock sectors and downstream food industries. Our results show that economic losses are spread over many periods even with a one-time shock. The impacts on the primary sectors and downstream food sectors do not move in parallel. The food industries suffer most in the first period while the negative impacts on agriculture are mostly...
Tipo: Presentation Palavras-chave: Dynamics; CGE; Animal disease; Catastrophic event; Risk and Uncertainty; Q11; Q18.
Ano: 2012 URL: http://purl.umn.edu/122438
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EPA MANDATE WAIVERS CREATE NEW UNCERTAINTIES IN BIODIESEL MARKETS AgEcon
Thompson, Wyatt; Meyer, Seth D..
Tipo: Journal Article Palavras-chave: Biodiesel; Biofuel Mandate; Waivers; Resource /Energy Economics and Policy; Q11; Q16; Q42; Q48.
Ano: 2011 URL: http://purl.umn.edu/109485
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Natural Protection from International Competition in the Livestock Industry: Analysis, Examples and Vietnam's Pork Market as a Case AgEcon
Tisdell, Clement A.; Lapar, Ma. Lucila A.; Staal, Steven J.; Que, Nguyen Ngoc.
In some countries, local agricultural products (particularly livestock products) are shielded from international competition by ‘natural’ factors influencing the purchase of products. These factors include strong local tastes (or preferences) that favour the local product and the absence (or relative absence) of complementary retail outlets or home appliances suitable for storing and preparing potential imported substitutes. The desire for fresh meat rather than chilled or frozen meat, the absence or limited accessibility of supermarket outlets and limited refrigeration possibilities in homes can limit imports into developed countries of meat supplied by developed countries. From consumer’s perspectives these fresh or raw products are significantly...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural policies; Asia; Economies of scale; Farm sizes; Household agriculture; Industrial agriculture; Pigs; Vietnam; Agricultural and Food Policy; International Relations/Trade; Q1; Q11; Q12; Q15; Q18.
Ano: 2009 URL: http://purl.umn.edu/90628
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Chinese Tariff Rate Quota v.s. U.S. Subsidies: What Affects the World Cotton Market More? AgEcon
Pan, Suwen; Welch, Mark; Mohanty, Samarendu; Fadiga, Mohamadou L.; Ethridge, Don E..
Paper replaced with new version 8/17/05
Tipo: Conference Paper or Presentation Palavras-chave: Cotton; International trade; Subsidies; TRQ; International Relations/Trade; Q11; Q17.
Ano: 2005 URL: http://purl.umn.edu/19111
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Opciones de politica de precios agricolas en el Peru: el caso de las bandas de precios AgEcon
Escobal D'Angelo, Javier; Paz Cafferata, Julio.
Este documento analiza, en base a la experiencia peruana, las principales motivaciones para la intervención del estado en el proceso de formación de precios agrícolas. Asimismo, postula un mecanismo de bandas de precios que permite reducir la variabilidad de éstos, ligando la evolución de mediano y largo plazo de dichos precios a los costos de oportunidad de los bienes agrícolas.
Tipo: Working or Discussion Paper Palavras-chave: Precios agricolas; Politica de precios; Peru; Agricultural prices; Price policy; Agricultural Finance; Q11.
Ano: 1990 URL: http://purl.umn.edu/42283
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