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Impacts of trade liberalization in rice: assessing alternative proposals AgEcon
Mane, Ranjit; Wailes, Eric J..
Arkansas Global Rice Model (AGRM) a partial equilibrium econometric model is used to assess the impact various proposal on trade liberalization in rice. The analysis is carried over a period of eight years using 2006 baseline. The results are summarized by comparing the impact of various proposals over period of time.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2006 URL: http://purl.umn.edu/21188
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SPATIAL PRICING EFFICIENCY: THE CASE OF U.S. LONG GRAIN RICE AgEcon
Djunaidi, Harjanto; Young, Kenneth B.; Wailes, Eric J.; Hoffman, Linwood A.; Childs, Nathan W..
The spatial rice price relationships for U.S. long grain rough rice are affected by many factors besides the transportation cost between markets, such as milling, processing, cooking and nutritional value as well as physical characteristics. This study applies a time series framework to analyze long run price relationships for Arkansas, Mississippi, Louisiana, Texas and California long grain rice. Johansen's test results showed that at least there are two cointegrating price vectors. However, such a finding is not supported by the ECM model in any of the price series.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis.
Ano: 2001 URL: http://purl.umn.edu/20457
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U.S.-CHINA AGRICULTURAL TRADE: CONSTRAINTS AND POTENTIAL AgEcon
Wailes, Eric J.; Fang, Cheng; Tuan, Francis C..
China's agricultural trade expanded rapidly following economic reforms and the open-door policy adopted in the late 1970s. The composition of agricultural trade with China follows its labor-abundant and land-scarce resource endowment with imports of bulk and processed intermediates and exports of consumer-ready and processed goods. Constraints on U.S.-China agricultural trade include tariffs, state trading, food security policies, and other nontariff barriers. Growth potential is based on China's fundamental demand forces including the world's largest population, a high real-income growth rate, an emerging urban middle class, and further trade reforms to be implemented through accession to the World Trade Organization.
Tipo: Journal Article Palavras-chave: Agricultural trade; China; Reform; Trade barriers; United States; World Trade Organization; International Relations/Trade.
Ano: 1998 URL: http://purl.umn.edu/15092
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DOUBLE-HURDLE MODEL WITH BIVARIATE NORMAL ERRORS: AN APPLICATION TO U.S. RICE DEMAND AgEcon
Gao, Xiaoming; Wailes, Eric J.; Cramer, Gail L..
Per capita rice consumption in the U.S. has doubled over the past decade. The effects of social and demographic variables on the household's rice consumption decisions are analyzed along with income and price variables. A double-hurdle model is used to solve simultaneously the consumer decisions whether to purchase rice and how much. The joint decision hypothesis is tested and accepted. The non-normal distribution of error terms may be responsible for possible bias in the empirical test of the joint decision hypothesis. The hyperbolic sine transformation is used to correct the problem in this study prior to testing the joint decision hypothesis.
Tipo: Journal Article Palavras-chave: Double hurdle; Non-normal error distribution; Rice demand; Crop Production/Industries; Demand and Price Analysis.
Ano: 1995 URL: http://purl.umn.edu/15273
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HYBRID RICE AND ITS IMPACT ON FOOD SECURITY AND THE PATTERN OF GLOBAL PRODUCTION AND TRADE AgEcon
Durand-Morat, Alvaro; Wailes, Eric J.; Chavez, Eddie C..
The hybrid rice technology is one of the many ways in which productivity of scarce resources devoted to rice production could be enhanced, with the consequent alleviation of food insecurity. The findings of this study show that the hybrid rice technology has so far made some sizable contributions to per-capita availability of rice in adopting countries with marginal spillover effects to other regions. However, at forecasted population growths, a massive intensification of adoption would be needed to maintain per-capita availability of rice at baseline levels. But even with adoption rates climbing significantly, much higher equilibrium prices are expected, which will represent a challenge for the hungry in many parts of the world. While hybrid rice has the...
Tipo: Conference Paper or Presentation Palavras-chave: Hybrid rice; Food security; Technology change; Demand and Price Analysis; Food Security and Poverty; International Relations/Trade; Research and Development/Tech Change/Emerging Technologies; Q16; Q55.
Ano: 2011 URL: http://purl.umn.edu/98845
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Comparative Financial Characteristics of U.S. Farms by Type, 2005 AgEcon
Chavez, Eddie C.; Dixon, Bruce L.; Ahendsen, Bruce L.; Wailes, Eric J..
This study presents and analyzes the mean financial characteristics of different types of crop and livestock farms in the U.S. in 2005. The eighteen farm types are: poultry, beef cattle, hogs, dairy, general livestock, general cash grain, wheat, corn, soybean, grain sorghum, rice, tobacco, cotton, peanut, general crop, fruits and tree nuts, vegetables, and nursery and greenhouse. Significant, two-way statistical differences in mean farm income statement and farm balance sheet variables are highlighted. Results provide a general indication of the comparative profitability, liquidity, solvency, and financial efficiency of different types of U. S. crop and livestock farms.
Tipo: Working or Discussion Paper Palavras-chave: Farm type; ARMS data; Financial characteristics; Financial ratios; 2005; Agricultural Finance; Production Economics; Q12; Q14; D21.
Ano: 2009 URL: http://purl.umn.edu/55780
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Riceflow: a Multi-region, Multi-product, Spatial Partial Equilibrium Model of the World Rice Economy AgEcon
Durand-Morat, Alvaro; Wailes, Eric J..
Tipo: Working or Discussion Paper Palavras-chave: Rice; Spatial trade model; Bilateral trade; Policy; Agricultural and Food Policy; International Relations/Trade; Research Methods/ Statistical Methods; C02; C61; F11; F14; Q17; Q18.
Ano: 2010 URL: http://purl.umn.edu/92010
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Measuring Market Integration in the Presence of Threshold Effect: The Case of Bangladesh Rice Markets AgEcon
Alam, Mohammad Jahangir; McKenzie, Andrew M.; Buysse, Jeroen; Begum, Ismat Ara; Wailes, Eric J.; Van Huylenbroeck, Guido.
Spatial price integration among five major Bangladesh rice markets is examined in the presence of threshold effects to account for the impact of transaction costs in the price adjustment process. Hansen and Seo (2002) threshold cointegration tests and threshold vector error correction models confirm the presence of threshold effects. Results highlight the importance of directing policy goals towards reducing transaction cost to engender greater pricing efficiency in Bangladesh rice markets.
Tipo: Presentation Palavras-chave: Market integration; Rice markets; Transaction cost; Bangladesh; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; International Development.
Ano: 2012 URL: http://purl.umn.edu/124435
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ANALYSIS OF U.S. RICE POLICY IN A GLOBAL STOCHASTIC FRAMEWORK AgEcon
Chavez, Eddie C.; Wailes, Eric J..
Replaced with revised version of paper 04/13/11.
Tipo: Conference Paper or Presentation Palavras-chave: Government payments; Stochastic analysis; Deterministic analysis; Rice trade; Empirical distribution; Arkansas Global Rice Model; Agricultural and Food Policy; Demand and Price Analysis; International Relations/Trade; Q11; Q17.
Ano: 2011 URL: http://purl.umn.edu/98846
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Economics of Transporting Poultry Litter from Northwest Arkansas to Eastern Arkansas Croplands AgEcon
Young, Kenneth B.; Carreira, Rita I.; Wailes, Eric J.; Goodwin, Harold L., Jr..
Applying baled litter from northwest Arkansas shipped by truck with backhauls, supplemented with chemical fertilizers provided the most cost-efficient method to supply nutrients to crops in eastern Arkansas, according to a GAMS optimization. Shipping raw litter by truck and barge is the optimal choice when backhauls or baling is unavailable.
Tipo: Conference Paper or Presentation Palavras-chave: Public Economics.
Ano: 2005 URL: http://purl.umn.edu/35635
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Final Estimates of Arkansas Crop Losses from Poor Harvest Conditions in 2009--January 25, 2010 AgEcon
Hignight, Jeffrey A.; Stiles, Scott; Wailes, Eric J.; Watkins, Brad; Miller, Wayne P..
Tipo: Working or Discussion Paper Palavras-chave: Arkansas; Crops; Disaster; Revenue; Loss; Agribusiness; Crop Production/Industries; Financial Economics; Risk and Uncertainty; Q10; Q11; Q54.
Ano: 2010 URL: http://purl.umn.edu/57087
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Market Impacts of Adopting Herbicide-Resistant Rice in the Southern United States AgEcon
Fuller, Frank H.; Annou, Mamane Malam; Wailes, Eric J..
Herbicide-resistant (HR) rice varieties offer U.S. rice producers a powerful tool for control of red rice infestations. However, improved weed control can shorten crop rotations and boost yields, resulting in expanded rice production and lower domestic market prices. Declining market returns diminish the benefits of HR rice adoption and substantially reduce net returns for nonadopters. More competitive prices increase U.S. rice exports, causing a slight decline in world rice prices. The dependence of the rice marketing loan program on world prices prevents loan deficiency payments from adequately offsetting producers’ market revenue losses. U.S. consumers gain from lower rice prices.
Tipo: Journal Article Palavras-chave: Biotechnology; Crop rotation; Herbicide resistant; Red rice; Rice; Simulation models; Technology adaptation; Q11; Q16; Q18; O33; C53.
Ano: 2003 URL: http://purl.umn.edu/37859
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Sensitive Product Designation in the Doha Round: The Case of Rice AgEcon
Durand-Morat, Alvaro; Wailes, Eric J..
Effects of sensitive product designation in WTO trade reform on the international rice market are analyzed. General and partial equilibrium frameworks are used. Results suggest large impacts. Among exporters, China and the U.S., major suppliers of the Japanese and South Korean markets, are most negatively affected.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/35275
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The Impact of The European Enlargement and CAP Reforms on Agricultural Markets. Much Ado about Nothing? AgEcon
Fabiosa, Jacinto F.; Beghin, John C.; Dong, Fengxia; Elobeid, Amani E.; Fuller, Frank H.; Matthey, Holger; Tokgoz, Simla; Wailes, Eric J..
We analyze the effects of the 2004 CAP reform and EU enlargement on European and world agricultural markets. We compare the results from a CAP reform only and a CAP reform plus enlargement scenarios to a no-enlargement baseline implementing Agenda 2000 CAP policies. We utilize the Food and Agricultural Policy Research Institute's policy analysis model to simulate the effects of CAP reform and EU enlargement on production, consumption, and trade for the EU, its New Member States (NMS), and major players in world agricultural markets. The model is a partial-equilibrium model of world agricultural markets including important producer and consumer countries in world livestock and products, dairy, grains, oilseeds and products, cotton and sugar markets. Each...
Tipo: Conference Paper or Presentation Palavras-chave: CAP; Trade reform; Policy reform; Enlargement; New member states; European Union; Agricultural and Food Policy; Marketing; F1; Q17; Q18.
Ano: 2006 URL: http://purl.umn.edu/25618
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BOOK REVIEW: RITSON, C., AND D.R. HARVEY, EDS. THE COMMON AGRICULTURAL POLICY, 2ND EDITION. WALLINGFORD, UK: CAB INTERNATIONAL, 1997. AgEcon
Wailes, Eric J..
Tipo: Journal Article Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 1998 URL: http://purl.umn.edu/15563
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TARIFF ESCALATION: IMPACTS ON U.S. AND GLOBAL RICE TRADE AgEcon
Wailes, Eric J.; Durand-Morat, Alvaro; Hoffman, Linwood A.; Childs, Nathan W..
Tariff escalation is an important aspect of protection for domestic milling industries, particularly in Central America. The United States exports over 40 percent of its rice as paddy. This study uses a spatial equilibrium trade model to evaluate the impacts of tariff escalation on U.S. and global long grain paddy and milled rice trade. Tariffs are harmonized for paddy and milled rice at two levels: milled tariff rates and zero. The results indicate that tariff escalation distorts US rice trade in favor of paddy exports, reducing the demand for rice milling and associated value-added activities in the US.
Tipo: Conference Paper or Presentation Palavras-chave: Tariff escalation; Rice; Trade; Milling; International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/20137
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2011 Updated Arkansas Global Rice Model AgEcon
Wailes, Eric J.; Chavez, Eddie C..
The Arkansas Global Rice Model is based on a multi-country statistical simulation and econometric framework. The model is disaggregated by five world regions: Africa, the Americas, Asia, Europe, and Oceania. Each region includes country models which have a supply sector, a demand sector, a trade, stocks and price linkage equations. All equations used in this model are estimated using econometric procedures or identities. Estimates are based upon a set of explanatory variables including exogenous macroeconomic factors such as income, population, inflation rate, technology development, and especially, government determined policy variables which reflect the various mechanisms by which countries intervene in their rice sector economy. Individual country...
Tipo: Report Palavras-chave: Rice; Trade model; Policy; Agricultural and Food Policy; Research and Development/Tech Change/Emerging Technologies; CO2; C61; F11; F14; Q17; Q18.
Ano: 2011 URL: http://purl.umn.edu/102650
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Analysis of Participation in Multifunctional Agriculture: U.S. Rice Farms AgEcon
Tur Cardona, Juan; Wailes, Eric J.; Dixon, Bruce L.; Danforth, Diana M..
Multifunctional agriculture is particularly fundamental to some working lands conservation policies and programs, such as the Environmental Quality Incentive Program (EQIP), Conservation Security Program (CSP) and Wildlife Habitat Incentive Program (WHIP). Farmers can also be engaged in providing recreational and agri-tourism services such as hunting, fishing, bird-watching, farm tours, petting zoos and hospitality services. Using the Agricultural Resource Management Survey (ARMS) we analyze factors associated with participation in conservation, recreation and agri-tourism activities as a function of farm structure, farm financial measures, production practices, and socio-demographic characteristics of the farm operator. To estimate the functional...
Tipo: Presentation Palavras-chave: Multifunctional agriculture; Agri-environmental policy; Rice; Logistic model; Agricultural and Food Policy; Land Economics/Use; Q18; Q26; Q28.
Ano: 2012 URL: http://purl.umn.edu/119768
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Analysis of Commodity Program Adjustments for U.S. Rice in Stochastic Framework AgEcon
Chavez, Eddie C.; Wailes, Eric J..
Potential adjustments in U.S. commodity program for rice are evaluated in this paper using stochastic analysis in a global modeling framework. Corresponding threshold and loss-compensatory increases in target price and loan rates are determined with assumed outright and gradual elimination of direct payments. Results show that if direct payments (DP) are eliminated in 2012, a 23% increase in both the target price (TP) and loan rate (LR) triggers counter-cyclical payments (CCP) 80% of the time; and it will take an increase of 48% in TP and LR to generate CCP enough to compensate for the loss in total DP. If DP is gradually removed over 5 years, the trigger and compensatory increases in TP and LR are 41% and 46%, respectively. Furthermore, if DP is...
Tipo: Presentation Palavras-chave: U.S. commodity program; Threshold and loss-compensatory increases; Stochastic analysis; Agricultural and Food Policy; Crop Production/Industries; Q18.
Ano: 2012 URL: http://purl.umn.edu/119754
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International Rice Baseline with Deterministic and Stochastic Projections, 2012-2021 AgEcon
Wailes, Eric J.; Chavez, Eddie C..
This publication contains recent baseline projections from the Arkansas Global Rice Economics Program (AGREP) for U.S. and international rice economies. These projections serve as a baseline for evaluating and comparing alternative macroeconomic, policy, weather, and technological scenarios. They are intended for use by government agencies and officials, farmers, consumers, agribusinesses and others who conduct medium-range and long-term planning. The AGREP baseline projections are grounded in a series of assumptions about the general economy, agricultural policies, weather, and technological change. It is generally assumed that current agricultural policies will be continued in the United States and other countries reported in this study. The AGREP World...
Tipo: Technical Report Palavras-chave: International rice; Baseline; Policy; Deterministic; Stochastic; Arkansas Global Rice Model; Demand and Price Analysis; Land Economics/Use; C02; F01; F14; F17; Q17; Q18; R11.
Ano: 2012 URL: http://purl.umn.edu/123203
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