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| Registros recuperados: 45 | |
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| Anderson, John D.; Parkhurst, Gregory M.. |
| Changes to commodity programs in the 2002 Farm Bill increased the value of crop base acreages on which decoupled payments are received. The bill also expanded the availability of key conservation programs. This paper compares the value of payments from commodity programs (along with continued crop production) to the easement payment (and recreational lease revenue) available under the Wetland Reserve Program. A net present value model using risk-adjusted returns is employed in the analysis for Mississippi delta cropland containing rice, cotton, and soybean base. Sensitivity analysis is conducted on some of the key variables affecting the decision. |
| Tipo: Journal Article |
Palavras-chave: Conservation; Countercyclical payment; Direct payment; Net present value; WRP; Q12; Q15; Q18; C15. |
| Ano: 2004 |
URL: http://purl.umn.edu/43390 |
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| Anderson, John D.; Trapp, James N.. |
| A feeder-calf price model is estimated which incorporates elements of break-even budget analysis, including estimates of placement weights, slaughter weights, ration cost, and feed-conversion rates. From this model, a corn price multiplier is calculated which quantifies the corn/feeder-calf price relationship. Because the multiplier includes information on cattle weight, feed conversion, and ration cost, it also provides insight into how feeding programs are altered in response to corn price changes. Changes in feeding programs which occur in response to corn price changes are illustrated with dynamic simulation based on weight, ration cost, and price models presented here. |
| Tipo: Journal Article |
Palavras-chave: Corn; Corn price multiplier; Dynamic simulation; Feeder cattle; Demand and Price Analysis. |
| Ano: 2000 |
URL: http://purl.umn.edu/15311 |
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| Harri, Ardian; Muhammad, Andrew; Anderson, John D.. |
| Researchers estimating demand systems have often used annual data even though monthly or quarterly data are available. Monthly data may be avoided because with monthly data it becomes more difficult to specify seasonality, autocorrelation is more likely to be significant, and there is a greater chance of finding significant dynamics in demand. This paper shows how to obtain consistent and asymptotically efficient estimates of a demand system using seasonal differenced data. It also shows that several alternative estimators are either inefficient or implausible for demand systems. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2008 |
URL: http://purl.umn.edu/6427 |
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| Lusk, Jayson L.; Anderson, John D.. |
| Although several studies have estimated the costs of implementing and maintaining country of origin labeling (COOL), no previous study has documented how increased costs imposed by COOL will be distributed throughout the livestock sector and how producer and consumer welfare will ultimately be affected. This paper develops an equilibrium displacement model of the farm, wholesale, and retail markets for beef, pork, and poultry that is able to document how producers and consumers will be affected by added costs of COOL. In addition the model is able to determine the level of increased consumer demand needed to make producers welfare neutral to the policy. Empirical results indicate that as COOL costs are shifted from the producer to the processor and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Consumer/Household Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/28660 |
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| Riley, John Michael; Anderson, John D.. |
| Recent spikes in commodity prices have led to higher margin amounts and option premiums. For the most part, producers have always attributed their lack of use in reducing risk via futures and options markets to the high cost associated with the use of these markets. This study determines the relative costs of hedging with futures and options and compares these with the costs of other variable inputs. We find that with the exception of hedging corn with both tools and soybeans with options the costs of hedging has increased at roughly the same rate as all other inputs. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Production Economics. |
| Ano: 2010 |
URL: http://purl.umn.edu/96378 |
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| Anderson, John D.; Hudson, Darren; Harri, Ardian; Turner, Steven C.. |
| The traditional conception of a thin market based on transactions volume remains relevant in many agricultural markets but does not adequately frame emerging thin market issues. As non-price means of pricing goods becomes more common, some cash commodity markets have become residual markets. In some of these markets, not only the volume of transactions but also the representativeness of transactions to those on the related contract market is an important issue. This paper develops a concept of thin markets that accounts for this dimension of market thinness and proposes a research agenda related to this topic. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2007 |
URL: http://purl.umn.edu/34826 |
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| Anderson, John D.; Trapp, James N.. |
| Elasticities calculated from an econometric model of cost of gain (COG) for cattle in feedlots indicate that COG is considerably less responsive to corn price changes than breakeven budgets assume. This difference in elasticities can lead to substantial errors in COG estimates obtained from budgeting. Size of error will depend upon the initial corn price and the magnitude of corn price change. Given average corn price levels and month-to-month changes, the error in budget-based net revenue projections will be about $3/head. |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 2000 |
URL: http://purl.umn.edu/30896 |
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| Anderson, John D.; Ward, Clement E.; Koontz, Stephen R.; Peel, Derrell S.; Trapp, James N.. |
| Federal budgetary pressures raise questions regarding the importance of public market information. This study assesses the impact of price discovery and production efficiency of reducing public price and quantity information. The amount and type of information provided to Fed Cattle Market Simulator (FCMS) participants was varied by periodically withholding current and weekly summary information according to a predetermined experimental design. Results show that reducing information increased price variance and decreased marketing efficiency; that is, more cattle were delivered at weights deviating from 1,150 pounds- the least-cost marketing weight in the simulator. These factors, which increase costs, make the industry less competitive. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Marketing. |
| Ano: 1998 |
URL: http://purl.umn.edu/31170 |
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| Lusk, Jayson L.; Anderson, John D.. |
| Although several studies have estimated the costs of country-of-origin labeling (COOL), no previous study has documented how these costs will be distributed across the livestock sector or how producer and consumer welfare will be affected. This analysis presents an equilibrium displacement model of the farm, wholesale, and retail markets for beef, pork, and poultry that documents how producers and consumers will be affected by COOL. Findings reveal that as the costs of COOL are shifted from the producer to the processor and retailer, producers are made increasingly better off while consumers are made increasingly worse off. Further, an increase in aggregate consumer demand of 2% to 3% is likely sufficient to offset lost producer welfare due to COOL costs. |
| Tipo: Journal Article |
Palavras-chave: Beef; Country of origin; Equilibrium displacement model; Labeling; Pork; Poultry; Consumer/Household Economics. |
| Ano: 2004 |
URL: http://purl.umn.edu/31110 |
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| Registros recuperados: 45 | |
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