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Registros recuperados: 58
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THE EXPECTED VALUE OF GENETIC INFORMATION IN LIVESTOCK FEEDING AgEcon
Lambert, David K.; DeVuyst, Eric A.; Moss, Charles B..
Scientific inquiry is increasing our knowledge of plant and animal genomics. The ability to specify heterogeneous production processes, to sort agricultural inputs by genotype, or to guide breeding programs to satisfy specific markets based on genetic expression may potentially increase producer and consumer benefits. This research develops a decision analysis framework to assess the expected value of genetic information. Expected returns are evaluated both in the presence of, and without, genetic trait information. Potential gains in the value of information can be quantified as research unravels the linkages between genetics and crop and animal performance and quality. An application to cattle feeding indicates potential gains to developing markets...
Tipo: Working or Discussion Paper Palavras-chave: Value of information; Genetics; Livestock; Livestock Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/23609
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Price Transmission and Food Scares in the U.S. Beef Sector AgEcon
Livanis, Grigorios T.; Moss, Charles B..
The advent of mad cow disease in Canada in the United States raises numerous concerns regarding consumer reaction to information in the United States. To examine the role of consumer reaction to information we examine the response of price spreads in the U.S. beef market to a Food Safety Index derived from Lexis-Nexis. Specifically, we estimate a vector error correction model to examine the long and short-run effect of news on price spreads. Our results indicate that informational shocks are fairly transient in the retail prices, but persist at the wholesale and farm level.
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics.
Ano: 2005 URL: http://purl.umn.edu/19485
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DEMAND FOR NUTRIENTS: THE HOUSEHOLD PRODUCTION APPROACH AgEcon
Chung, Rebecca H.; Lee, Jonq-Ying; Moss, Charles B.; Brown, Mark G..
The household production approach is used to characterize the household's preference toward nutrients in food consumption. Elasticities of substitution and Hicksian price elasticities are estimated, price- and expenditure-nutrient elasticities are calculated. Results show that protein is the most expensive nutrient, and that nutrients played an important role in determining households' food consumption.
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety.
Ano: 1998 URL: http://purl.umn.edu/20884
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EFFECT OF DEBT POSITION ON THE CHOICE OF MARKETING STRATEGIES FOR FLORIDA ORANGE GROWERS: A RISK EFFICIENCY APPROACH AgEcon
Moss, Charles B.; Ford, Stephen A.; Castejon, Mario.
This study examined the relationship between debt position and choice of marketing instrument. Specifically, this study employed first and second degree stochastic dominance, and stochastic dominance with respect to a function to determine whether the efficient marketing instrument changes between debt positions. The results indicate that the choice of marketing instrument does vary with debt position in some marketing periods if the decision-maker is moderately risk averse.
Tipo: Journal Article Palavras-chave: Marketing.
Ano: 1991 URL: http://purl.umn.edu/30046
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Valuing Catastrophic Citrus Losses AgEcon
Adams, Damian C.; Kilmer, Richard L.; Moss, Charles B.; Schmitz, Andrew.
Courts are often required to estimate changes in welfare to agricultural operations from catastrophic events. For example, courts must assign damages in lawsuits, such as with pesticide drift cases, or determine "just compensation" when the government takes private land for public use, as with the removal of dairy farms from environmentally sensitive land or destruction of canker-contaminated citrus trees. In economics, the traditional method of quantifying producer losses is estimating changes in producer welfare, but courts rarely use this method. Instead, they turn to substitute valuation methods that may not fully capture welfare changes, such as changes in land value, tree replacement value, and total revenue. This study examines various measures for...
Tipo: Working or Discussion Paper Palavras-chave: Citrus; Perennial crops; Catastrophic loss; Damages; Freeze; Crop Production/Industries.
Ano: 2004 URL: http://purl.umn.edu/15673
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Using Land Values to Predict Future Farm Income AgEcon
Dahl, Cody P.; Gunderson, Michael A.; Moss, Charles B..
Tipo: Conference Paper or Presentation Palavras-chave: Land values; Almon lag; Farm profitability; Agribusiness; Agricultural Finance; Farm Management; Financial Economics; Production Economics.
Ano: 2010 URL: http://purl.umn.edu/56515
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Rates of Return in the Farm and Nonfarm Sectors: How Do They Compare? AgEcon
Erickson, Kenneth W.; Moss, Charles B.; Mishra, Ashok K..
This study examines the return on agricultural assets relative to nonfinancial corporate assets in the general economy using aggregate bureau of Economic Analysis data. Our results indicate that the rate of return on nonfarm assets dominates the rate of return on agricultural assets. The average rate of return on nonfarm assets is higher than the average rate of return on farm assets, and the variance of the rate of return on nonfarm assets is lower than the variance of the rate of return on farm assets. Furthermore, the rate of return on agricultural assets only exceeds the rate of return in the nonfarm sector in 1992.
Tipo: Journal Article Palavras-chave: Farm sector accounting; Nonfarm income; Nonfarm sector; Rate of return; Returns to farm assets; Q14; Q18.
Ano: 2004 URL: http://purl.umn.edu/43477
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Off-farm Income and Risky Investments: What Happens to Farm and Nonfarm Assets? AgEcon
Andersson, Hans; Ramaswami, Bharat; Moss, Charles B.; Erickson, Kenneth W.; Hallahan, Charles B.; Nehring, Richard F..
Off-farm work improves and reduces the riskiness of household income. Theoretical analyses reveal that the level and riskiness of off-farm income affect demand for farm/nonfarm investments. A two-limit Tobit model is estimated using ARMS data for 1996-2003. The impact on investment behaviour is evaluated.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Management.
Ano: 2005 URL: http://purl.umn.edu/19480
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The Effect of Diversification on Agricultural Returns and Volatility: An Informational Approach AgEcon
Gunderson, Michael A.; Moss, Charles B..
Tipo: Journal Article Palavras-chave: Agricultural Finance.
Ano: 2008 URL: http://purl.umn.edu/48147
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Invasive Species and Biosecurity: Cost of Monitoring and Controlling Mediterranean Fruit Flies in Florida AgEcon
Pierre, Raphael; Spreen, Thomas H.; Moss, Charles B..
The growing movement of people and goods that started in the closing years of the twentieth century has increased the possibility of the accidental or intentional introduction of biohazards that can affect agricultural production in the United States. This study examines the ex ante decision between the deployment of monitoring devices (traps) versus the use of countermeasures to control Mediterranean fruit flies in Florida. To examine this tradeoff, this study outlines a mathematical model to study the effectiveness of traps and the cost of treatment. The empirical results presented in this study indicate that additional parameterization efforts are needed.
Tipo: Journal Article Palavras-chave: Biohazards; Conditional probability; Cost of eradication; Density functions; Food Security and Poverty; C60; Q12; Q57.
Ano: 2006 URL: http://purl.umn.edu/43770
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A Translog Cost Function Analysis of U.S. Agriculture: 1948-1999 AgEcon
Ball, V. Eldon; Nehring, Richard F.; Moss, Charles B.; Erickson, Kenneth W..
This study examines the implications of the short-run specification of the standard, static translog cost function along with the possible implications of non-stationarity by estimating a dynamic translog cost specification complete with dynamic share equations for the U.S. using an empirical approach developed by Urga and Walters (2003). We compare the results of the static, long-run model with those of a dynamic, short-run error-correction model in terms of 1) significance of the parameter estimates, and 2) consistency with economic theory.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2003 URL: http://purl.umn.edu/35968
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Estimation of Production Functions using Average Data AgEcon
Salois, Matthew J.; Livanis, Grigorios T.; Moss, Charles B..
Agricultural economists rely on aggregated data at various levels depending on data availability and the econometric techniques employed. However, the implication of aggregation on economic relationships remains an open question. To examine the impact of aggregation on estimation, Monte Carlo techniques and data are employed on production practices.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2006 URL: http://purl.umn.edu/35401
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Financial Appraisal of the Banks for Cooperatives AgEcon
Weldon, Richard N.; Srinarni, Endah; Moss, Charles B.; VanSickle, John J..
This study examines the financial situation of the Farm Credit System Banks for Cooperatives using comparative analysis for the period 1978 through 1991. Profitability and leverage measures of the Banks for Cooperatives are compared with similar measures of large commercial banks. The Banks for Cooperatives were found to have performed as well as large commercial banks. Some differences can be explained as compatible with differences in the goals and objectives of a cooperative versus an investor-owned firm. Most differences can be attributed to the financial strength of the Banks for Cooperatives relative to the commercial banking industry.
Tipo: Journal Article Palavras-chave: Agribusiness; Agricultural Finance.
Ano: 1994 URL: http://purl.umn.edu/46400
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QUANTIFYING GAINS TO RISK DIVERSIFICATION USING CERTAINTY EQUIVALENCE IN A MEAN-VARIANCE MODEL: AN APPLICATION TO FLORIDA CITRUS AgEcon
Featherstone, Allen M.; Moss, Charles B..
The marginal benefit and cost of diversification for Florida orange producers is analyzed using certainty equivalents. Results indicate that for moderate and high levels of risk aversion, diversification into strawberry, grapefruit, or additional orange production is not optimal. However, moderately risk averse Florida orange producers can gain by diversifying into grapefruit production if the annual amortized fixed costs can be reduced by as little as 10 percent.
Tipo: Journal Article Palavras-chave: Risk and Uncertainty.
Ano: 1990 URL: http://purl.umn.edu/30002
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Valuing State-Level Funding for Research: Results for Florida AgEcon
Moss, Charles B..
This study analyzes the value of agricultural research to Florida by examining the effect of research spending on agricultural productivity, as measured by a total factor productivity index, and profitability, as measured by net farm income. Results suggest that research expenditures do increase agricultural productivity in the state. However, agricultural productivity does not affect net cash income. Further, the economic rents to the productivity gains do not accrue to land values. Instead, the economic value of research innovations accrues more to consumers than to producers. Thus, consumers are the ultimate beneficiaries of agricultural research in Florida, thereby justifying public funding for agricultural research.
Tipo: Journal Article Palavras-chave: Cointegration; Research and development; State expenditures; Total factor productivity; Agricultural and Food Policy; Agricultural Finance; Community/Rural/Urban Development; Research and Development/Tech Change/Emerging Technologies; Teaching/Communication/Extension/Profession; H40; H72; Q16.
Ano: 2006 URL: http://purl.umn.edu/43757
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INSTITUTIONAL ECONOMICS AND THE EMERGENCE OF E-COMMERCE IN AGRIBUSINESS AgEcon
Moss, Charles B.; Schmitz, Troy G.; Kagan, Albert; Schmitz, Andrew.
The emergence of E-commerce in the 1990s heralded the arrival of the New Economy. However, the failure of numerous dotcoms since early 2001 has led to a debate regarding the future direction of E-commerce and its potential relevance for agribusiness. This study examines the economic implications of E-commerce for agribusiness within the framework of New Institutional Economics. The New Institutional Economics implies that E-commerce has the potential to reduce direct transactions costs in agricultural markets, but that it also may add additional indirect transactions costs. Depending upon the tradeoff between these costs, an institutional innovation which reduces the transactions costs may provide the impetus for an alternative marketing channel for...
Tipo: Journal Article Palavras-chave: E-commerce; Marketing channels; New Institutional Economics; Schumpeter; Agribusiness; Institutional and Behavioral Economics.
Ano: 2003 URL: http://purl.umn.edu/14675
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WHERE IS THE WALRASIAN AUCTIONEER FOR AGRICULTURAL MARKETS? AN EXAMINATION OF THE MARKETING INSTITUTION AgEcon
Moss, Charles B.; Schmitz, Troy G.; Schmitz, Andrew.
In the classical development of economic equilibrium and efficiency, transaction costs are seldom considered. This study develops a micro- market model of an agricultural market based on quality differences. The study then develops a model of market structure based on the New Theory of the Firm. Using the two models, we draw conclusions about economic potential for E-Commerce.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2001 URL: http://purl.umn.edu/20637
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VERTICAL INTEGRATION AND TRADE POLICY: THE CASE OF SUGAR AgEcon
Moss, Charles B.; Schmitz, Andrew.
The degree of vertical integration in the U.S. sugar industry between raw sugar processing and sugar refining cannot be explained using theories of vertical integration based on transaction costs (e.g. Williamson). We graphically decompose the economic rents accruing to each level in the marketing channel. Different strategies of several major sugar producing, processing and refining entities with regard to sugar quota policy are explored.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Industrial Organization.
Ano: 2000 URL: http://purl.umn.edu/21754
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Farm Wealth Inequality Within and Across States in the United States AgEcon
Erickson, Kenneth W.; Moss, Charles B.; Mishra, Ashok K..
This paper uses Theil's (1979) entropy-based measure of inequality and farm-level data to examine changes in farm business wealth (farm equity) of farm households. The farms associated with farm households are grouped by state into ten regions of the United States. The Theil entropy measure is then calculated and used to decompose total inequality of farm wealth into within-state and across-states (between states) inequalities for each region. Results show that since the enactment of the 1996 Federal Agricultural Improvement and Reform (FAIR) Act, inequality in farm wealth among farms within a state has decreased relative to the number of farms per state, across all regions. Further, most of the reduction in farm wealth inequality is attributed to...
Tipo: Journal Article Palavras-chave: Inequality; Theil's inequality; Farm wealth; Regional decomposition; Farm level; Farm household; Real estate assets; Inventories; Agricultural Finance.
Ano: 2006 URL: http://purl.umn.edu/10207
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The Effect of Increased Energy Prices on Agriculture: A Differential Supply Approach AgEcon
Moss, Charles B.; Livanis, Grigorios T.; Schmitz, Andrew.
The increase in energy prices between 2004 and 2007 has several potential consequences for aggregate agriculture in the U.S. We estimate the derived input demand elasticities for energy as well as capital, labor, and materials using the differential supply formulation. Given that the derived input demand for energy is inelastic, it is more price-responsive than the other inputs. The results also indicate that the U.S. aggregate agricultural supply function is responsive to energy prices.
Tipo: Journal Article Palavras-chave: Differential input demand; Concavity constrained; Energy; Agribusiness; Agricultural Finance; Demand and Price Analysis; Financial Economics; Industrial Organization; Labor and Human Capital; Land Economics/Use; Marketing; Production Economics; Productivity Analysis; Research Methods/ Statistical Methods; C30; Q11; Q42.
Ano: 2010 URL: http://purl.umn.edu/100514
Registros recuperados: 58
Primeira ... 123 ... Última
 

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