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The Impacts of Ethanol on the US Catfish Farm Sector AgEcon
Zheng, Hualu; Muhammad, Andrew; Herndon, Cary W., Jr..
In this study, we estimated catfish feed and farm price reduced form equations. Of particular importance was the impact of the recent increase in grain prices induced by ethanol production on feed cost and farm prices. This relationship was examined using an autoregressive distributed lag (ARDL) model. Results show that a 1% increase in corn prices caused a 0.134% and 0.263% increase in feed prices in the short- and long-run, respectively. Catfish farm prices increased by 0.106% (short-run) and 0.211% (long-run) given a 1% increase in feed prices. Between 2004 and 2008, corn prices increased from $2 to $6 per bushels. Taheripour and Tyner (2008) state that of the total increase, 25% was due to US ethanol subsidies and 75% was due to the increase in the...
Tipo: Conference Paper or Presentation Palavras-chave: Catfish; Price; Catfish feed; Ethanol; Autoregressive distributed lag model; ARDL; Demand and Price Analysis; Research Methods/ Statistical Methods.
Ano: 2008 URL: http://purl.umn.edu/46248
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Dynamic Effects of Grain and Energy Prices on the Catfish Feed and Farm Sectors AgEcon
Muhammad, Andrew; Zheng, Hualu.
This study examines the dynamic effects of grain prices and energy prices on catfish feed prices and the price of food-sized catfish at the farm level. Using the autoregressive distributed lag model and bounds testing procedure, a long-run relationship between feed and farm prices and their determinants was confirmed. Given the effect of corn and soybean meal prices on catfish feed prices, and catfish fish feed prices on farm prices, the long-run responsiveness of feed prices to a percentage increase in U.S. ethanol production is 0.325, and the responsiveness of catfish farm prices is 0.064. Although both feed and farm prices increase with ethanol production, the relatively small responsiveness of farm prices when compared with feed prices suggests that...
Tipo: Journal Article Palavras-chave: Catfish; Prices; Autoregressive distributed lag (ARDL) model; Ethanol; Feed; Corn; Soybeans; Agribusiness; Agricultural Finance; Demand and Price Analysis; Financial Economics; Institutional and Behavioral Economics; Marketing; Production Economics; Productivity Analysis; Resource /Energy Economics and Policy; C32; Q11; Q22.
Ano: 2010 URL: http://purl.umn.edu/100520
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The Effect of Retail Grocery Coupons for Breakfast Cereals on Household Purchasing Behavior AgEcon
Berning, Joshua P.; Zheng, Hualu.
We examine the affect of retail and manufacturer coupons on the nutritional quality of breakfast cereal purchases made by households. Using household level purchase data we find that coupon usage has a significant impact on the nutritional quality of cereals purchased by households. Specifically, we find that the average sugar content decreases and the fiber content increases. This suggests that coupons have a positive impact on the nutritional quality of cereals purchased by households, holding all other factors constant. Given the prolific use of coupons by households and the fact that they offer both a price discount and an advertisement for products, they might be an effective way to help guide consumers to healthier food choices.
Tipo: Conference Paper or Presentation Palavras-chave: Coupons; Breakfast cereal; Nutrition; Panel data; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety; Health Economics and Policy; Marketing; D10; I10; M30; C23.
Ano: 2011 URL: http://purl.umn.edu/103661
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