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A comparative efficiency analysis of wheat farms using parametric and nonparametric methods AgEcon
Mo, Lijia.
This study examined whether the efficiency measures were invariant to choice of parametric and nonparametric methods for a sample of 183 wheat farms. The efficiency measures from the deterministic parametric method were smaller than those from the deterministic method. There was a trade-off between scale efficiency and economic efficiency. In the deterministic nonparametric method, the economic efficiency, scale efficiency and overall efficiency results were invariant to the number of inputs or the dimensionality. Only allocative and pure technical efficiency measures depended on the dimensionality. This work illustrated the importance of holding curvature for the cost function in stochastic frontier results.
Tipo: Conference Paper or Presentation Palavras-chave: Efficiency analysis; Deterministic nonparametric method; Parametric stochastic frontier; Production Economics; Q11.
Ano: 2009 URL: http://purl.umn.edu/56427
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Wheat / Flour Price Transmission and Agricultural Policies in Ukraine: A Markov-Switching Vector Error Correction Approach AgEcon
Brümmer, Bernhard; Zorya, Sergiy.
The analysis of price transmission between raw and processed agricultural products in transition countries is complicated by the frequently changing conditions on their way from plan to market. We utilise a Markov-switching vector error correction model to allow for multiple regime shifts in the price relationship between wheat and wheat flour in Ukraine from June 2000 to November 2004. The analysis reveals four regimes. The observed temporal pattern of these regimes can be matched with certain political and economic events in Ukraine. In particular, we find a strong link between the 'high uncertainty' regime and discretionary policy interventions in 2003.
Tipo: Conference Paper or Presentation Palavras-chave: Markov-switching vector error correction model; Vertical price transmission; Regime shifts; Grain policies; Ukraine; Demand and Price Analysis; Industrial Organization; C22; Q11; Q18.
Ano: 2005 URL: http://purl.umn.edu/24624
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The Potential Effects on United States Agriculture of an Avian Influenza Outbreak AgEcon
Brown, Scott; Madison, Daniel; Goodwin, Harold L., Jr.; Clark, F. Dustan.
The U.S. poultry industry has spent considerable resources to date preparing for an outbreak of avian influenza in this country. This research quantifies the potential effects of two alternative avian influenza scenarios on the poultry industry. In addition, this research looks at effects on other agriculture sectors including the loss of feed demand from an outbreak and the impacts on aggregate measures like farm income and consumer food expenditures. The economic sector model maintained by the Food and Agricultural Policy Research Institute (FAPRI) is employed for these scenarios.
Tipo: Journal Article Palavras-chave: Avian influenza; Disease outbreak; Econometric model; Poultry production; Poultry trade; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; Q11; Q18; Q17; Q13.
Ano: 2007 URL: http://purl.umn.edu/6516
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Long-term Global Agricultural Output Supply-Demand Balance and Real Farm and Food Prices AgEcon
Tweeten, Luther G.; Thompson, Stanley R..
Global food demand is estimated from population projections of the United Nations and food supply is projected from Food and Agriculture Organization yield data to quantify the global food supply-demand balance for 2025 and 2050. The eight food categories examined account for 95 percent of global food consumption. Results indicate that the historic era of secularly falling real food prices is over. The real price of corn, for example, is not expected to fall over the next four decades at the annual rate of 1.3 percent that it fell annually from 1960 to 2006. The analysis foresees future real food prices fluctuating around a flat or rising trend. Slowed national economic growth from flat or rising real food prices may be little more than an irritant for...
Tipo: Working or Discussion Paper Palavras-chave: World Food Supply-Demand; Food Prices; Agricultural Markets; Crop and Livestock Yields; Agricultural and Food Policy; Demand and Price Analysis; International Development; Q11; Q18.
Ano: 2008 URL: http://purl.umn.edu/46009
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Market Valuation of Preconditioning Feeder Calves AgEcon
Avent, R. Keith; Ward, Clement E.; Lalman, David L..
Preconditioning calf programs, while not new, are becoming more prevalent. They provide benefits to cow-calf producers while adding value for feeder cattle buyers. However, questions remain regarding the economic costs and returns of such programs. A model was estimated with data from three consecutive-day sales, to determine the value that buyers place on preconditioning programs and related feeder cattle traits. Our results indicate that price premiums, although evident, appear to be insufficient by themselves to cover the marginal costs of preconditioning.
Tipo: Journal Article Palavras-chave: Animal health; Feeder cattle; Hedonic model; Marketing; Preconditioning; Prices; Value-added; Q13; Q12; Q11; C23.
Ano: 2004 URL: http://purl.umn.edu/42894
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Combining Supply and Demand Estimates for Ecosystem Services from Cropland AgEcon
Ma, Shan; Swinton, Scott M.; Lupi, Frank.
Payment-for-Ecosystem-Services (PES) programs are gaining appeal as flexible approaches to inducing the voluntary provision of ecosystem services (ES). Farmers, who manage agricultural ecosystems, provide important nonmarket ecosystem services to the public by their choice of production inputs and management practices. Although there exist various PES programs in the United States and Europe, we are aware of none that was designed based on a comprehensive understanding of the underlying supply and demand of ecosystem services. Taking advantage of unique, coupled datasets of stated preferences, this paper combines a supply-side cost function of farmers’ willingness to adopt practices that provide increased ES with a demand-side social benefit function of...
Tipo: Conference Paper or Presentation Palavras-chave: Payment-for-Ecosystem-Services (PES); Contingent valuation; Aggregate supply and demand; Cropland; Eutrophication; Greenhouse gas; Agricultural and Food Policy; Environmental Economics and Policy; Q11; Q51; Q57; Q58.
Ano: 2011 URL: http://purl.umn.edu/103501
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Estimating the Market Effect of a Food Scare: The Case of Genetically Modified StarLink Corn AgEcon
Carter, Colin A.; Smith, Aaron D..
Genetic modification of crops has revolutionized food production, but it remains controversial due to food safety and environmental concerns. A recent food safety scare provides a natural experiment on the corn market's willingness to accept unapproved genetically modified organisms. In 2000, a genetically modified corn variety called StarLink was discovered in the food-corn supply, even though it was not approved for human consumption. To estimate the price impact of this event, we develop the relative price of a substitute method, which applies not only to the StarLink event but also to rare events in other markets. We apply this method to measure the price impact of the StarLink contamination on the U.S. corn market. We find that the contamination led...
Tipo: Conference Paper or Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety; Research and Development/Tech Change/Emerging Technologies; Q11; Q18; C22.
Ano: 2006 URL: http://purl.umn.edu/25447
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DER TÜRKISCHE TOMATENSEKTOR – REGIONALE GESICHTSPUNKTE UND RÄUMLICHE MARKTINTEGRATION AgEcon
Weitzel, Enno-Burghard; Keskin, Gulsen; Brosig, Stephan.
Tomatoes have the largest share among fruits and vegetables, which add substantially to the gross agricultural product in Turkey. We describe the structure and development of this sector from the year 1990 onwards, covering farms in primal production, trade facilities, processing firms, and marketing channels. An analysis of retail prices for table tomatoes in 22 provinces and their dynamics follows. Finally we employ a threshold vector error-correction model to analyse integration among the markets for table tomatoes in the presence of transaction costs. The results show a ring of integrated provinces along the coasts of Turkey, while the interior provinces are rather separated. In some cases price transmission only occurs when deviations from an...
Tipo: Working or Discussion Paper Palavras-chave: Gemüse; Tomaten; Türkei; Marktintegration; Fehlerkorrekturmodell; Tomatoes; Turkey; Spatial market integration.; Agribusiness; Community/Rural/Urban Development; Farm Management; Land Economics/Use; Marketing; Production Economics; Productivity Analysis; Q11; Q13; C22; L11.
Ano: 2008 URL: http://purl.umn.edu/91910
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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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Consumer Attitudes, Willingness to Pay and Revealed Preferences for Different Egg Production Attributes: Analysis of Canadian Egg Consumers AgEcon
Goddard, Ellen W.; Boxall, Peter C.; Emunu, John Paul; Boyd, Curtis; Asselin, Andre; Neall, Amanda.
The Canadian egg industry has introduced a number of specialty eggs, including Omega-3, organic, free run/range, vitamin enhanced and vegetarian over the past few decades. These eggs are generally sold at prices higher than the ‘normal’ egg and there has been little analysis of the consumer awareness of and interest in purchasing these eggs. All previous econometric analysis of the Canadian egg market has assumed eggs and consumers are homogeneous. This study makes use of Stated preference and Revealed preference data to model the consumer interest in the different egg types. Stated preference surveys were conducted in two separate years: 2005 during which consumers were surveyed on their interest in Omega-3 and Vitamin Enhanced eggs relative to ‘normal’...
Tipo: Report Palavras-chave: Consumer behaviour; Egg consumption; Differentiated products; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Marketing; D12; Q11; Q18.
Ano: 2007 URL: http://purl.umn.edu/52087
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World Soybean Demand: An Elasticity Analysis and Long-Term Projections AgEcon
Masuda, Tadayoshi; Goldsmith, Peter D..
Soybeans are one of the most valuable crops in the world and are characterized by their multi-purpose uses: food, feed, fuel and other industrial usages such as paint, inks, and plastics. Out of 183.9 million tons of world supply/demand of soybeans in 2001-03 year, about 10% of them were directly consumed as food (5.9%) or feed (3.8%) but 84.2% of them were crushed into soyoil and soymeal. Soyoil is mainly processed to vegetable oil for human consumption and recently used as a biodiesel feedstock. Soymeal is used not only as feed for livestock (especially for pork and poultry due to its low fiber level) and aquaculture, but also as a good source of protein for the human diet in a variety of forms in different cultures. This paper analyzes the...
Tipo: Conference Paper or Presentation Palavras-chave: Soybean demand; Elasticity; Error correction mechanism (ECM); Projection; Agribusiness; Crop Production/Industries; Demand and Price Analysis; Marketing; C22; C53; Q11.
Ano: 2009 URL: http://purl.umn.edu/49490
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Etude sur la transmission des fluctuations et le calcul des prix de parité à l’importation: cas pratique du riz et du maïs au Sénégal AgEcon
Ndiaye, Mouhamadou; Niang, Moussa.
Calculation of maize and rice parity prices in Senegal.
Tipo: Working or Discussion Paper Palavras-chave: Food security; Senegal; Markets; Parity prices; Agricultural and Food Policy; Community/Rural/Urban Development; Food Security and Poverty; International Development; Marketing; Q11; Q18.
Ano: 2010 URL: http://purl.umn.edu/62166
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Vertical Price Transmission between Wheat and Flour in Ukraine: A Markov-Switching Vector Error Correction Approach AgEcon
Brümmer, Bernhard; von Cramon-Taubadel, Stephan; Zorya, Sergiy.
The analysis of price transmission in transition countries is complicated by their often unstable policy environments. We utilise a Markov-switching vector error correction model (MSVECM) to allow for multiple regime shifts in the price relationship between wheat and wheat flour in Ukraine from June 2000 to November 2004. The analysis reveals four regimes. The observed temporal pattern of these regimes corresponds well to political and economic events in Ukraine. In particular, we find a strong link between a 'high uncertainty' regime and discretionary policy interventions in 2003, confirming that ad hoc policy responses to fluctuations in Ukrainian grain harvests have tended to increase rather than reduce instability. The Markov-switching VECM is shown to...
Tipo: Conference Paper or Presentation Palavras-chave: Markov-switching vector error correction model; Vertical price transmission; Regime shifts; Grain policies; Ukraine; Industrial Organization; C22; Q11; Q18.
Ano: 2006 URL: http://purl.umn.edu/25575
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Potenciais benefícios do sistema de rastreabilidade animal dos EUA para o setor de carnes americano AgEcon
Resende Filho, Moises de Andrade.
This article investigates the potential gains to the U.S. meat sector with the implantation of the U.S. National Animal Identification System (NAIS). The focus is on the effect that the NAIS could have on consumers’ risk perception about eating meat. System of demand equations are estimated using time series of food safety indexes variables used as proxies for consumers’ reactions to news on meat safety issues. The series of food safety indexes are built on the basis of the number of food safety news reported in top U.S. newspapers. Using the preferred model estimates, three scenarios are constructed in order to account for the cases wherein the NAIS is not implemented, is implemented only for beef and is implemented for beef and pork. The differences in...
Tipo: Journal Article Palavras-chave: Animal identification system; Food safety; System of demand equations; Meat industry; USA.; Agribusiness; C22; Q11; Q13; Q18..
Ano: 2008 URL: http://purl.umn.edu/61199
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Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza AgEcon
Beach, Robert H.; Zhen, Chen.
Consumer concerns regarding food safety can have substantial impacts on their consumption patterns. Thus, understanding consumer response to food safety information is important for quantifying consumer response to food safety events, predicting market impacts, and developing appropriate risk communication strategies. Flexible demand systems have gained much popularity in analyzing effects of food safety outbreaks on consumer demand because of their ability to capture interactions between the demand for substitutable and complementary goods. Using Italian scanner data on meat sales, we show the economic importance of accounting for the impact of avian flu outbreaks on group expenditures for meats in a dynamic Almost Ideal Demand System (AIDS) specification...
Tipo: Conference Paper or Presentation Palavras-chave: Avian influenza; Food safety; Italy; Meat demand; Media index; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Marketing; Q11; Q18.
Ano: 2009 URL: http://purl.umn.edu/51742
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Competition between the U.S. and West Africa in International Cotton Trade: A Focus on Import Demand in China AgEcon
Muhammad, Andrew; McPhail, Lihong Lu; Kiawu, James.
We estimate the demand for imported cotton in China and assess the competitiveness of cotton-exporting countries. Given the assertion that African cotton producers are ill affected by U.S. cotton subsidies, our focus is the price competition between the C4 countries (Benin, Burkina Faso, Chad and Mali) and United States in China. Demand estimates are used to project how U.S. prices affect China’s imports by country. In comparing demand projections, results show that the relationship between the United States and the C4 has more to do with how U.S. prices can affect global prices rather than any substitute or competitive relationship in the Chinese market.
Tipo: Conference Paper or Presentation Palavras-chave: Africa; China; Cotton; Demand; Imports; United States; Demand and Price Analysis; International Relations/Trade; F17; Q11; Q17.
Ano: 2011 URL: http://purl.umn.edu/103210
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Hog Marketing Practices and Competition Questions AgEcon
Lawrence, John D..
Tipo: Journal Article Palavras-chave: Livestock Production/Industries; Marketing; Q11; Q13.
Ano: 2010 URL: http://purl.umn.edu/94759
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Milchproduktion im Übergang - eine Analyse von regionalen Potenzialen und Gestaltungsspielräumen AgEcon
Lassen, Birthe J.; Isermeyer, Folkhard; Friedrich, Carina.
Zusammenfassung: In der vorliegenden Studie erfolgt eine regional differenzierte Analyse der Milchproduktion. Grundlage sind neben zahlreichen agrarstatistischen Quellen auch Expertenpanels in ausgewählten Regionen. Es werden Schlussfolgerungen über die künftige Standortorientierung der Milchproduktion innerhalb Deutschlands abgeleitet und mögliche Begleitmaßnahmen zum Quotenausstieg bewertet. Die Abschaffung der kleinräumigen Quotenhandelsgebiete hat Produktionsverlagerungen über Ländergrenzen hinweg ermöglicht. Es ist zu erwarten, dass sich die Milchproduktion weiter auf wenige Produktionszentren verstärkt. Die Milchproduktion wird somit vermehrt auf Grünlandstandorte wandern; allerdings gibt es auch Grünlandstandorte, die Produktionsanteile verlieren....
Tipo: Report Palavras-chave: Milchproduktion; Milchquote; Begleitmaßnahmen; Produktionskosten; Standortanalyse; Dairy production; Milk quota; Production costs; Analysis of location factors; Accompanying measures with regard to the possible milk quota exit; Agricultural and Food Policy; Farm Management; Livestock Production/Industries; Q11; Q12; Q14; Q18.
Ano: 2008 URL: http://purl.umn.edu/108253
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A Comparison of Imputation Methods under Large Samples and Different Censoring Levels (PowerPoint) AgEcon
Lopez, Jose Antonio.
PowerPoint Presentation
Tipo: Conference Paper or Presentation Palavras-chave: Imputation methods; Multiple imputation; Censored prices; Protein demand; Elasticities; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods; C81; Q11; R21.
Ano: 2011 URL: http://purl.umn.edu/109894
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POST-URUGUAY ROUND PRICE LINKAGES BETWEEN DEVELOPED AND DEVELOPING COUNTRIES: THE CASE OF RICE AND WHEAT MARKETS AgEcon
Yavapolkul, Navin; Gopinath, Munisamy; Gulati, Ashok.
The Uruguay Round Agreement on Agriculture attempted to lower distortions in the global agricultural markets. However, the significant fall in commodity prices in late 1990s may have reduced the incentives for both developed and developing countries to better integrate into the world markets. This study analyzes price linkages and adjustment between developed and developing countries during the post-Uruguay Round period. Prices of two key commodity markets, long-grain rice and medium-hard wheat, are assembled for major exporters and producers. Results from the multivariate cointegration analysis suggest partial market integration between developed and developing countries in the post-Uruguay Round period. Developed countries are found to be price leaders...
Tipo: Report Palavras-chave: Price Linkage; Developing Countries; Rice markets; Wheat Markets; Uruguay Round Agreement on Agriculture (URAA); Doha Development round of the World Trade Organization (WTO); International Relations/Trade; Q17; O13; Q11.
Ano: 2004 URL: http://purl.umn.edu/60453
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