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| Herndon, Cary W., Jr.; Davis, Brandon L.; Parkhurst, Gregory M.. |
| This paper assesses the impact of the milk income loss contract program on U.S. dairy producers. The Milk Income Loss Contact (MILC) program was created through the 2002 farm bill, which financially compensates dairy producers when domestic milk prices fall below a predetermined Boston Class I trigger price. MILC payments were made to eligible dairy producers/farms on a per cwt basis at a rate equal to 45 percent of the difference between the trigger price of $16.94 and the Boston Class I milk price. In the analysis, the 20 major milk-producing states were analyzed to determine if MILC payments caused a milk supply response to be different across these states. By dividing the U.S. into states, this will give a better understanding of production decisions... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Dairy markets; MILC; Milk prices; Milk supply response; Agricultural and Food Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/19438 |
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| Buller, Virginia; Hudson, Darren; Parkhurst, Gregory M.; Whittington, Andrew. |
| Potential economic impacts of hunting activities suggested opportunities for non-industrial private landowners in Mississippi to capitalize on apparent market demand for fee-access hunting. Data were collected from outfitting individuals/firms operating within Mississippi to analyze the impact of hunting package attributes on package prices. Generally, package prices were directly related to the length of the package in days, with the increase in price decreasing with each additional day. Provision of other amenities such as lodging as well as joint activities such as fishing also increased package prices. Finally, there were differences in package prices depending on species being hunted. These results provide landowners with added information about... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2006 |
URL: http://purl.umn.edu/15798 |
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| Nalley, Lawton Lanier; Hudson, Darren; Parkhurst, Gregory M.. |
| We used a controlled, uniform 5th-price auction to elicit values for sweet potatoes—both when location is known and unknown, and before and after tasting and providing health information. Significant differences were found between pre- and post-consumption valuations and also found that there were significant effects for location of origin and health information. Interestingly, we also find that location of origin not only affects the level of bids, but also the marginal differences in bids between different potatoes. Overall, however, these results suggest little consistency in bid values across information sets, suggesting that attempting to elicit values of attributes in isolation may lead to erroneous results. |
| Tipo: Journal Article |
Palavras-chave: Consumer/Household Economics; Demand and Price Analysis. |
| Ano: 2006 |
URL: http://purl.umn.edu/7063 |
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| Nalley, Lawton Lanier; Hudson, Darren; Parkhurst, Gregory M.. |
| Location of product origin is an often-used marketing device by retailers. This approach is based on the assumption that location of origin signals something to consumers about the underlying quality (or other attributes) of the product. This can be an effective strategy if the signal matches the consumer valuation of the product after consumption. In the same vein, health advertising is used to increase demand for a product that exhibits "healthy" dietary attributes. While there have been numerous studies examining the potential impacts of these attributes on demand, there have been few rigorous studies that examine the consistency of consumer valuations of location of origin before and after they have actually consumed the product (or before and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Food Consumption/Nutrition/Food Safety. |
| Ano: 2004 |
URL: http://purl.umn.edu/15791 |
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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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