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| Registros recuperados: 34 | |
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| Kastens, Terry L.; Goodwin, Barry K.. |
| This study evaluates the attitudes of U.S. (Kansas) farmers regarding "free-trade" and "free-market" policy environments. In contrast to earlier studies, non-specific policy attitudes are evaluated. A direct measure of farm program benefits is also included. Attitudes vary significantly with farm and operator characteristics. Support for free trade was shown to decrease with education and experience, to increase for farms with relatively more rented land, and to increase as total farm wealth increased. Support for free-trade was also higher for crop farms. Farms receiving more government payments are less likely to favor a free-trade policy environment. |
| Tipo: Journal Article |
Palavras-chave: Agricultural policy; Producer attitudes; International trade; International Relations/Trade. |
| Ano: 1994 |
URL: http://purl.umn.edu/15186 |
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| Taylor, Mykel R.; Dhuyvetter, Kevin C.; Kastens, Terry L.. |
| This research compares practical methods of forecasting basis, using current market information for wheat, soybeans, corn, and milo (grain sorghum) in Kansas. Though generally not statistically superior, an historical one-year average was optimal for corn, milo, and soybean harvest and post-harvest basis forecasts. A one-year average was also best for wheat post-harvest basis forecasts, whereas a five-year average was the best method for forecasting wheat harvest basis. Incorporating current market information, defined as basis deviation from historical average, improved the accuracy of post-harvest basis forecasts. A naive forecast incorporating current information was often the most accurate for post-harvest basis forecasts. |
| Tipo: Journal Article |
Palavras-chave: Basis forecast; Crop basis; Current information; Naive forecast; Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/8625 |
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| Schroeder, Ted C.; Parcell, Joseph L.; Kastens, Terry L.; Dhuyvetter, Kevin C.. |
| Extension marketing economists commit substantial resources to outlook and market analysis. Producers demand this information and use it to make production and marketing decisions. This study analyzes responses to a marketing survey of producers and extension marketing economists to discern similarities and differences in their perceptions regarding market timing, futures market efficiency, and risk management. Producer and extension perceptions are consistent with regard to several marketing issues, although they are not always consistent with published research results. Both producers and extension economists disagree that producers will receive a lower average price by forwarding contracting, and many do not believe hedging reduces risk and lowers... |
| Tipo: Journal Article |
Palavras-chave: Marketing; Teaching/Communication/Extension/Profession. |
| Ano: 1998 |
URL: http://purl.umn.edu/31181 |
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| Nivens, Heather D.; Kastens, Terry L.; Dhuyvetter, Kevin C.. |
| In production agriculture, good management is demonstrated by profits that are persistenly greater than those of similar neighboring farms. This research examined the effects of management practices on risk-adjusted profit per acre for Kansas farms over 1990-1999. The management practices were price, cost, yield, planting intensity, and technology adoption (less-tillage). Cost management, planting intensity, and technology adoption had the greatest effect on profit per acre, and cash price management was found to have the smallest impact. If producers wish to have continuously high profits, their efforts are best spent in management practices over which they have the most control. |
| Tipo: Journal Article |
Palavras-chave: Farm management; Marketing; Risk; Technology adoption; Farm Management; Marketing. |
| Ano: 2002 |
URL: http://purl.umn.edu/15507 |
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| Kastens, Terry L.; Jones, Rodney D.; Schroeder, Ted C.. |
| The forecasting accuracy of five competing naïve and futures-based localized cash price forecasts is determined. The third-week's price each month from 1987-96 is forecasted from several vantage points. Commodities examine include those relevant to Midwest producers: the major grains, slaughter steers, slaughter hogs, several classes of feeder cattle, cull cows, and sows. Relative forecasting accuracy across forecast method is compared using regression models of forecast error. The traditional forecast method deferred futures plus historical basis has the greatest accuracy- even for cull cows. Adding complexity to forecasts, such as including regression models to capture nonlinear bases or biases in futures markets, does not improve accuracy. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
| Ano: 1998 |
URL: http://purl.umn.edu/31187 |
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| Kastens, Terry L.; Schroeder, Ted C.. |
| Three procedures are used to test Fama semistrong from efficiency of harvesttime price of Kansas City July wheat futures from 1947 through 1995. The three methods are (a) testing for jointly significant parameter estimates on nonfutures explanatory variables in econometric forecasting models, (b) testing the relative accuracy between model-based forecasts and using deferred futures prices as forecasts, and (c) testing for abnormal profits associated with simulated futures trading signaled by the forecasts. Kansas City July wheat futures are generally efficient. Furthermore, relative to the efficiency associated with forecasts constructed one to two months before harvest, the efficiency associated with the five- to six-month period before harvest has... |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 1996 |
URL: http://purl.umn.edu/31035 |
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| Taylor, Mykel R.; Dhuyvetter, Kevin C.; Kastens, Terry L.; Douthit, Megan; Marsh, Thomas L.. |
| This study estimates the price determinants of show quality quarter horses sold at auction. Several characteristics including genetic and physical traits, quality of pedigree, and performance record of the horse, as well as the horse's offspring, were found to significantly impact selling price. Sale order positively affected price and appears to be driven by buyers rather than intentional ordering of the horses. A common practice at horse auctions is for the seller to reject the final bid offered and buy back the horse. Model-predicted prices for these buy-back horses indicate they are not undervalued by the final bids, based on their characteristics. |
| Tipo: Journal Article |
Palavras-chave: Auction; Equine; Hedonic pricing; Quarter horses; Demand and Price Analysis. |
| Ano: 2006 |
URL: http://purl.umn.edu/8631 |
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| Kastens, Terry L.; Schroeder, Ted C.; Plain, Ronald L.. |
| This study evaluates agricultural forecasting accuracy in an analysis of responses to the Annual Outlook Survey conducted by the American Agricultural Economics Association from 1983 through 1995. Representative extension and composite, production, and price forecasts for several commodities are constructed from the survey data. These forecasts are compared to each other and to U.S. Department of Agriculture (USDA) and futures-based forecasts. Relationships between forecast features and accuracy are examined. Generally, extension forecasts are more accurate than USDA forecasts for livestock series, but not more accurate for crops. Composite forecasts are often more accurate than either extension or USDA forecasts. |
| Tipo: Journal Article |
Palavras-chave: Teaching/Communication/Extension/Profession. |
| Ano: 1998 |
URL: http://purl.umn.edu/31180 |
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| Kastens, Terry L.; Schroeder, Ted C.. |
| Cattle feeders appear irrational when they place cattle on feed when projected profit is negative. Long futures positions appear to offer superior returns to cattle feeding investment. Cattle feeder behavior suggests that they believe a downward bias in live cattle futures persists and that cattle feeders use different expectations than the live cattle futures market price when making placement decisions. This study examines feeder cattle placement determinants, comparing performance of expected hedgeable profit with past actual profit in explaining feeder cattle placements. Past actual profit is a more important placement determinant than expected profit based upon the live cattle futures market, even though hedgeable profit provides a superior forecast... |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries. |
| Ano: 1994 |
URL: http://purl.umn.edu/30754 |
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| Parcell, Joseph L.; Kastens, Terry L.; Dhuyvetter, Kevin C.; Schroeder, Ted C.. |
| This study reviews articles using regression analysis published in the Journal of Agricultural and Resource Economics from 1994 to 1998 to determine agricultural economists' effectiveness in reporting and conveying research procedures and results. Based on the authors' experience of surveying articles for this study, several suggestions for reporting of results and how to better separate statistical from economic significance are offered. First, clearly define the dependent variable- preferably in the results table as well as within the text. Second, report parameter estimates in an interpretable form either in the results table or in a subsequent table. Third, report summary statistics. Fourth, report degrees of freedom conspicuously in the results table.... |
| Tipo: Journal Article |
Palavras-chave: Research Methods/ Statistical Methods. |
| Ano: 2000 |
URL: http://purl.umn.edu/31306 |
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| Taylor, Mykel R.; Dhuyvetter, Kevin C.; Kastens, Terry L.. |
| Being able to accurately predict basis is critical for making marketing and management decisions. Basis forecasts can be used along with futures prices to provide cash price projections. Additionally, basis forecasts are needed to evaluate hedging opportunities. Many studies have examined factors affecting basis but few have explicitly examined the ability to forecast basis. Studies have shown basis forecasts based on simple historical averages compare favorably with more complex forecasting models. However, these studies typically have considered only a 3-year historical average for forecasting basis. This research compares practical methods of forecasting basis for wheat, soybeans, corn, and milo (grain sorghum) in Kansas. Across most of the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2004 |
URL: http://purl.umn.edu/19022 |
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| Nivens, Heather D.; Kastens, Terry L.; Dhuyvetter, Kevin C.; Featherstone, Allen M.. |
| Can remotely sensed imagery improve hedonic land price models? A remotely sensed variable was added to a hedonic farmland value model as a proxy for land productivity. Land cover data were used to obtain urban and recreational effects as well. The urban and recreational effects were statistically significant but economically small. The remotely sensed productivity variable was statistically significant and economically large, indicating that knowing the "greenness" of the land increased the explanatory power of the hedonic price model. Thus, depending upon the cost of this information, including remotely sensed imagery in traditional hedonic land price models is economically beneficial. |
| Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
| Ano: 2002 |
URL: http://purl.umn.edu/31122 |
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| Registros recuperados: 34 | |
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