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| Registros recuperados: 37 | |
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| Fausti, Scott W.; Diersen, Matthew A.. |
| The ability of the former federal voluntary price reporting system to facilitate market efficiency in the cash markets for U.S. livestock was questioned by producer groups and academic researchers prior to implementation of federal mandatory price reporting regulations. In the cash market for slaughter cattle, concerns raised in the literature centered on the effect of thinning cash markets and strategic price reporting behavior on the robustness of voluntary cash price reports issued by the USDA-Agricultural Marketing Services. A theoretical framework is developed describing the interregional spatial linkages between cash markets and price reporting regimes (mandatory versus voluntary). Data from South Dakota and Nebraska cash markets for live cattle are... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Livestock Production/Industries. |
| Ano: 2005 |
URL: http://purl.umn.edu/32027 |
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| Fausti, Scott W.; Diersen, Matthew A.; Sun, He. |
| One consequence of the new federal mandatory price reporting regime in the livestock industry was the discontinuation of eight regional voluntary price reports for live slaughter cattle. The economic implication for price discovery and market transparency in those affected regional markets is investigated. Two sets of price reports, collected from discontinued price reports for a five-year period just prior to the elimination by the Agricultural Marketing News Service, were analyzed to determine if any of the price series, could be used as a replacement for the discontinued reports in their respective regions. We conclude that price discovery and market transparency were degraded in western regional markets to a greater extent than Midwest regional... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Livestock Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/32019 |
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| Fausti, Scott W.; Diersen, Matthew A.. |
| The information value of the former USDA voluntary price reporting system is investigated for dressed weight slaughter steers. The ability of the former system to promote market transparency and price discovery in the cash market is evaluated with state level mandatory price reporting data collected from September 1999 to April 2001. The empirical framework evaluates the informational value of public price reports according to the criteria established in the market integration literature. The empirical results indicate that in the cash market for dressed weight steers, in South Dakota and Nebraska the former voluntary price reporting system did foster market transparency and aided in the price discovery process. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 2003 |
URL: http://purl.umn.edu/35971 |
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| Qasmi, Bashir A.; Hamda, Yonas; Fausti, Scott W.. |
| Between 1995 and 2005, a drastic increase in ethanol production in the United States led to increased production of corn and substantially increased shares of corn destined for ethanol plants. The objectives of this paper are to investigate/identify: 1) the changes in the volume of grain handled by the elevators in South Dakota, 2) the changes in the destinations and the type of buyers for South Dakota grains, 3) the impacts of the ethanol plants on corn and other grain handled by the elevators which are located close to ethanol plants. The results presented in this paper are mostly from a survey of grain elevators in South Dakota, completed in early 2008. The results from the survey are also compared to the results from a similar survey completed in 1996. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Ethanol; Corn; Corn production; Marketing patterns; Corn based ethanol; Production Economics; Q13; Q18. |
| Ano: 2009 |
URL: http://purl.umn.edu/113045 |
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| Qasmi, Bashir A.; Hamda, Yonas; Fausti, Scott W.. |
| This study reports the results of a survey of grain elevators in South Dakota completed in 2007 and focuses on the marketing patterns for spring wheat, winter wheat, oats, barley, corn, soybeans and sunflower seeds for the marketing year 2005/06. During the year, elevators’ market share in South Dakota was 54%, 83%, 91% and 83% for corn, soybeans, spring wheat, and winter wheat, respectively. Contrary to reports for Iowa and Indiana, the increase in ethanol production in the state did not have an adverse impact on elevators’ market share for corn in South Dakota. In terms of volume, cash purchase, delayed pricing, cash forward contracts, and hedge to arrive contracts, collectively, accounted for more than 95% of each of the grain and oilseed purchased by... |
| Tipo: Report |
Palavras-chave: South Dakota; Corn; Soybeans; Spring wheat; Winter wheat; Grain elevators; Market share; Methods of purchase; Methods of sale; Transportation modes; Agribusiness; Q1. |
| Ano: 2010 |
URL: http://purl.umn.edu/60463 |
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| Fausti, Scott W.; Feuz, Dillon M.; Wagner, John J.. |
| The U.S. beef industry has been struggling with the erosion of domestic market share relative to pork and poultry for several decades. Many factors may have contributed to this shrinkage, including the industrial organization of the domestic beef industry. A discussion of the institutional structure of beef production in the U.S., and the cash market for fed cattle, as possible contributing factors to the decline in beef's competitive position is provided. In the literature, a consensus agrees that average pricing of fed cattle in the cash market has contributed to beef's diminished competitive position. One solution to the average pricing problem which has gained widespread support is the idea of implementing a value based marketing system (VBMS); to... |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries; Marketing. |
| Ano: 1998 |
URL: http://purl.umn.edu/34320 |
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| Fausti, Scott W.; Keimig, R.; Diersen, Matthew A.; Kim, Han; Santos, Joseph M.. |
| The ability of the former voluntary price reporting system to generate market transparency in U.S. livestock markets was called into question by producer groups and academic research prior to the new federal system of mandatory price reporting being implemented. The market transparency issue is investigated by comparing price data collected from the former AMS voluntary price reporting systems to mandatory price reporting data for live slaughter steers collected by the State of South Dakota before the advent of the new federal system. The relationship between a set of public price report series and the South Dakota mandatory price series is analyzed using cointegration techniques. The empirical findings indicate a strong long-run and short-run... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2002 |
URL: http://purl.umn.edu/32024 |
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| Feuz, Dillon M.; Fausti, Scott W.; Wagner, John J.. |
| Incomplete information generates uncertainty for market participants in the slaughter-cattle market. Buyer and seller behavior in the presence of that uncertainty is examined. Statistically significant risk premiums are charged by packers when buying slaughter cattle on either a live- or dressed-weight basis compared to buying on a grade-and-yield basis. Pratt-Arrow risk-aversion coefficients are calculated for buyers and these remain constant over all marketing methods. Sellers market cattle under all three marketing methods, suggesting producers' attitudes toward risk (risk-aversion coefficients) vary. |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 1995 |
URL: http://purl.umn.edu/30935 |
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| Fausti, Scott W.; Qasmi, Bashir A.; Wittig, T.. |
| Weekly grid premium and discount price date for fed cattle have been collected over a 3-year period. The grid price data are combined with carcass data (2590 South Dakota slaughter steers) to investigate the variability in the average weekly carcass premium is affected by changes in packer-determined grid premiums and discounts on a weekly basis. The three-stage recursive model is then estimated using an autoregressive procedure. The results of the empirical analysis indicated that among all grid premiums and discounts, it is the choice-select discount that plays the dominant role in determining weekly changes in the average weekly carcass premium (discount). |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Slaughter cattle; Grid pricing; Average pricing; Value-based-marketing; Marketing. |
| Ano: 2001 |
URL: http://purl.umn.edu/20615 |
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| McDonald, Tia Michelle; Keating, Ariel Ruth; Fausti, Scott W.; Li, Jing; Lundgren, Jonathan G.. |
| Agriculturally, South Dakota is a unique state possessing the highest rate of adoption for genetically modified crop varieties. In 2009 ninety-six percent of corn acres planted in South Dakota were genetically modified compared with eighty-five percent nationally (Economic Research Service). Additionally, South Dakota has seen a dramatic increase in the number of acres treated with insecticide over the past 20 years. These two situations taken together seem to be counterintuitive. Some genetically modified varieties, such as Bt corn, are equipped with genetic defenses so that they can protect the plant from target pests. Intuitively, one would expect to see a decrease in insecticide use as adoption of genetically modified varieties increase. Recent... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Bt corn; GM crops; Insecticide; Agricultural and Food Policy; Crop Production/Industries; Q1; Q2; Q5. |
| Ano: 2010 |
URL: http://purl.umn.edu/61427 |
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| Registros recuperados: 37 | |
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