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| Monson, Joseph; Mainville, Denise Y.; Kuminoff, Nicolai V.. |
| Farmers are increasingly interested in high-value alternatives to commodity production. Direct marketing is a potentially attractive marketing alternative, having been shown to offer increased net incomes to farmers. Nevertheless, there is a dearth of literature on the determinants of the decision to direct market. This paper uses an ordered logit regression to analyze how farm size, the importance of high-value crops, organic production, experience, and demographic factors affect a producer’s reliance on direct markets. The results show that farm size, high-value crop production, non-certified organic production methods, and household size are determinants of the share of total farm output sold through direct marketing outlets. |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 2008 |
URL: http://purl.umn.edu/55971 |
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| Kuminoff, Nicolai V.. |
| This study investigates how proximity to cropland influences residential property values and considers the public policy implications. The hedonic model generalizes previous studies by recognizing that the bundle of externalities generated by crop production may increase the price of some homes and decrease the price of others, depending on their respective locations. Using an instrumental variables approach to estimate the model for San Joaquin County, California, suggests that proximity to cropland increases the value of most, but not all, single-family homes near the agricultural-urban edge. The results imply an agricultural buffer zone of 68 meters would mitigate most cropland disamenities. |
| Tipo: Journal Article |
Palavras-chave: Amenity value; Buffer zone; Cropland; Hedonic; Land use; Open space; Land Economics/Use; Resource /Energy Economics and Policy. |
| Ano: 2009 |
URL: http://purl.umn.edu/50086 |
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| Kuminoff, Nicolai V.; Wossink, Ada. |
| Based on option value theory, we develop a theoretical model to assess the dollar compensation required for the conversion to organic farming. Our empirical model is a switching regression model with two regimes and we use county level data on organic and conventional corn and soybean production in the U.S. for the application. Assuming an interest rate of 10 percent, a conventional corn-soybean grower would need to receive a one-time payment of $315 per acre to compensate for the conversion cost and an additional $1,088 per acre to conver the long run higher production and market risks. The sum of these two values equals an annual payment of $228 per acre for a 10 year contract. The results are discussed in the context of the recently introduced... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management. |
| Ano: 2005 |
URL: http://purl.umn.edu/19531 |
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| Kuminoff, Nicolai V.. |
| This paper develops a new structural estimator that uses the properties of a market equilibrium, together with information on households and their observed location choices, to recover horizontally differentiated preferences for a vector of local public goods. The estimation is consistent with equilibrium capitalization of local public goods and recognizes that job and house location choices are interrelated. By using set identification to distinguish the identifying power of restrictions on the indirect utility function from the identifying power of assumptions on the distribution of preferences, the estimator provides a new perspective on characteristics-based models of the demand for a differentiated product. The estimator is used to recover... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Consumer/Household Economics; Institutional and Behavioral Economics; Research Methods/ Statistical Methods. |
| Ano: 2008 |
URL: http://purl.umn.edu/5989 |
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