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| Haydu, John J.; Myers, Robert J.; Thompson, Stanley R.. |
| This study investigated farmers' incentives to forward purchase inputs. A model of farmer decision making was used to derive an optimal forward contracting rule. Explicit in the model was the tradeoff between the quantity of input to be purchased in advance, and the remaining portion to be purchased later on the spot market. Results indicated that the primary reasons farmers contract inputs are to reduce risk and to speculate on favorable price moves. A numerical example of fertilizer used in corn production indicated that the size of the price discount was the dominant factor in forward contracting decisions. |
| Tipo: Journal Article |
Palavras-chave: Farm Management. |
| Ano: 1992 |
URL: http://purl.umn.edu/30369 |
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| Hall, Charles R.; Hodges, Alan W.; Haydu, John J.. |
| This study estimates the economic impacts of the U.S. environmental horticulture industry (also known as the Green Industry) to be $147.8 billion in output, 1,964,339 jobs, $95.1 billion in value added, $64.3 billion in labor income, and $6.9 billion in indirect business taxes, with these values expressed in 2004 dollars. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/35437 |
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| Haydu, John J.; Staatz, John M.. |
| Some critics of the cooperative farm supply system point to an erosion of member loyalty and suggest that it indicates that farm supply cooperatives are not currently meeting the needs of their farmer-members. This paper discusses the commitment problem within a transaction-cost-economics framework that analyzes the effects of agricultural specialization on the farm input industry. The analysis shows that: (1) despite complaints by many cooperative managers, farmers are behaving rationally and efficiently in their purchasing practices of specialized inputs, and (2) the cooperative system has responded well by instituting a unique exchange mechanism at the upstream end of the input system. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 1989 |
URL: http://purl.umn.edu/46221 |
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