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Registros recuperados: 13
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A Comparison of Auction and Choice Experiment: An Application to Consumer Willingness to Pay for Rice with Improved Storage Management AgEcon
Su, Lianfan; Adam, Brian D.; Lusk, Jayson L.; Arthur, Frank.
Experimental auction and discrete choice experiment are two popular value elicitation methods. Theoretically they should yield the same results but empirical results have been mixed (e.g., Lusk and Schroeder 2004, 2006; Corrigan et al. 2010.) This study uses both methods to determine consumers’ willingness to pay (WTP) for rice with improved insect control and for rice stored using Integrated Pest Management (IPM). This study investigates two potential reasons – anchoring and information – for why some studies have found apparent inconsistencies between auction and choice experiment results. Results indicate that consumers’ WTP derived in the auction and choice experiments are significantly different. Consumers’ average bids in the auction are higher than...
Tipo: Conference Paper or Presentation Palavras-chave: 2nd price auction; Choice experiment; Price level; Information; Consumer/Household Economics; Crop Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/103975
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Effects of the Conservation Reserve Program on Elevator Merchandising Margins in Oklahoma AgEcon
Adam, Brian D.; Hong, Seung Jee; Dicks, Michael R..
The Conservation Reserve Program (CRP) takes cropland out of production for 10 years, reducing grain supplies available to elevators. Results suggest that the program has negatively impacted elevator merchandising margins, but that elevators adjusted rather quickly to CRP changes, making most of the adjustment within 1 year. The reduction in margins reflects an element of pressure on agribusiness that has not been measured in previous studies.
Tipo: Journal Article Palavras-chave: Agribusiness; Conservation Reserve Program; Country elevators; Land retirement programs; Merchandising margins; Q1; Q2; D4; L1.
Ano: 2004 URL: http://purl.umn.edu/42835
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ESTIMATING THE IMPACT OF CONSERVATION RESERVE PROGRAM CONTRACT EXPIRATION ON CORN AND WHEAT PRICES AgEcon
Garrison, Carl O.; Dicks, Michael R.; Adam, Brian D..
The Conservation Reserve Program reduced available cropland in the United States by 34 million acres under the first nine signup periods (1986-1990). Among these are ten million acres with wheat base and four million acres with corn base, which could potentially produce 288 million bushels of wheat and 340 million bushels of corn per year upon contract expiration. The impacts of expiring CRP contacts on the production and prices of wheat and corn in the United States are estimated. Based on past production practices and post-CRP land-use intentions of contract holders, 48.2% of base acres enrolled in CRP will return to production. Under this scenario, wheat prices will decline by more than 7% and corn prices by more than 2% by 2000, unless ARP levels,...
Tipo: Journal Article Palavras-chave: Demand and Price Analysis.
Ano: 1994 URL: http://purl.umn.edu/31314
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How does insect resistance to phosphine affect insect control costs of stored-grain? AgEcon
Mann, John T.; Adam, Brian D.; Arthur, Frank.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries.
Ano: 2011 URL: http://purl.umn.edu/103924
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Impact of United States Corn-Based Ethanol Production on Land Use AgEcon
Sobowale, Flakkeh; Dicks, Michael R.; Adam, Brian D.; Campiche, Jody L..
This study measures the impact of corn-based ethanol production in the United States on land use in other countries, or indirect land use. Indirect land use is a change from non-cropland to cropland (e.g. deforestation) that may occur in response to increasing scarcity of cropland. As farmers worldwide respond to higher crop prices in order to maintain the global food supply and demand balance, pristine lands are cleared and converted to new cropland to replace the crops for feed and food that were diverted elsewhere to biofuel production. The results show that increasing ethanol production in the US has a positive and significant relation to U.S corn price. However, U.S. corn price does not have a significant impact on changes in corn acreage in Brazil...
Tipo: Presentation Palavras-chave: Ethanol; Indirect land use; Agricultural and Food Policy; Demand and Price Analysis; Land Economics/Use; Marketing.
Ano: 2012 URL: http://purl.umn.edu/119800
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IS THERE ANY REASON FOR GRAIN STORAGE AND PROCESSING FIRMS NOT TO ADOPT INTEGRATED PEST MANAGEMENT PRACTICES? THE ECONOMICS OF IPM IN STORED GRAIN AgEcon
Adam, Brian D.; Mah, Poh Mun; Phillips, Thomas; Flinn, Paul W.; Anderson, Kim B..
Replaced with revised version of paper 07/20/04.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2004 URL: http://purl.umn.edu/20403
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Should Grain Elevator Managers Adopt Integrated Pest Management? AgEcon
Adam, Brian D.; Siaplay, Mounir; Brorsen, B. Wade; Flinn, Paul W..
Insect infestation during storage and processing causes millions of dollars of wheat damage annually in the United States. Insect infestation reduces wheat storing processing profit as well as consumer confidence in wheat food products. Meanwhile, increased concerns about insecticide use have increase interest in Integrated Pest Management (IPM) strategies. This research compares the costs of IPM and chemical-based approaches to insect control to determine why most elevator managers have not adopted IPM practices.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2007 URL: http://purl.umn.edu/9702
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The Cost of Coexistence between Bt Maize and Open Pollinated Maize Varieties in Lowland Coastal Kenya AgEcon
Tumusiime, Emmanuel; De Groote, Hugo; Vitale, Jeffrey D.; Adam, Brian D..
Kenya is currently in the process of introducing genetically modified maize (Bt maize). A major concern is that the Bt gene might cross into local varieties through cross pollination. Current regulatory strategies to ensure coexistence of the two cropping systems at the farm level rely on spatial isolation measures-separation distances and/or buffer zones. However, the interaction of practical measures and costs of spatial isolation with the farmer’s economic incentive to plant a Bt maize crop have not been studied in Kenya. The purpose of this study was to analyze the technical and economic feasibility of the implementation of spatial coexistence measures. Using spatial geo-referenced data from the actual agricultural landscape in lowland coastal Kenya,...
Tipo: Conference Paper or Presentation Palavras-chave: Coexistence; Regulatory; Spatial; Agro-ecological zone; GM crops; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/46726
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THE ECONOMICS OF CLEANING WINTER WHEAT FOR EXPORT: AN EVALUATION OF PROPOSED FEDERAL "CLEAN GRAIN" STANDARDS AgEcon
Adam, Brian D.; Kenkel, Philip L.; Anderson, Kim B..
Buyer complaints about poor quality U.S. wheat have led to proposals to enforce minimum dockage standards for exports. An economic-engineering approach is used to evaluate costs and benefits of cleaning wheat in order to meet these standards for 13 possible cleaning configurations. These results are used in an optimization framework to estimate costs and benefits of cleaning all U.S. export wheat. The estimates indicate that cleaning U.S. export winter wheat to .35% dockage would cost an average of 1 cent/bu., requiring an initial capital investment of $28 million. Value of wheat lost in cleaning is a significant cost that previously has been overlooked.
Tipo: Journal Article Palavras-chave: Agricultural and Food Policy.
Ano: 1994 URL: http://purl.umn.edu/30758
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The Impact of Biofuel Mandates and Switchgrass Production on Hay Markets AgEcon
Acheampong, Kwame; Dicks, Michael R.; Adam, Brian D..
The Renewable Fuel Standard mandate in the Energy Independence and Security Act of 2007 requires 16 billion gallons out of 36 billion gallons of ethanol be produced from cellulosic feedstocks in 2022, but the mandate was apparently enacted without critical assessments of the agricultural impacts of attempting to achieve energy independence. The feedstock production will likely compete with lands currently used for producing other traditional crops of which hay is likely to be affected the most since it has comparatively lower net returns. Thus ruminant production will consequently be affected greatly. This study uses ordinary least squares (OLS) to estimate and predict Oklahoma hay price which is used as objective value in linear programming (LP) model...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuel mandates; Switchgrass production; Hay production; Hay markets.; Agricultural and Food Policy; Environmental Economics and Policy; Production Economics; Research and Development/Tech Change/Emerging Technologies; Resource /Energy Economics and Policy.
Ano: 2011 URL: http://purl.umn.edu/98797
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The Impact of Foot-and-Mouth Disease (FMD) on Hog, Pork, and Beef Prices: the Experience in Korea AgEcon
Roh, Jae-Sun; Lim, Sang Soo; Adam, Brian D..
Korea experienced two outbreaks of foot-and-mouth disease (FMD), one in the year 2000 and one in 2002. After the first outbreak, prices for hogs, pork, and beef dropped 15-20% before the government began an intervention program. The effects of these two outbreaks are examined using Box and Tiao's intervention analysis model and a GARCH model Although the second outbreak resulted in many times more animal deaths than the first outbreak, its effect on prices was much smaller. The reason may be because the government's response to the first outbreak set a precedent for the second one.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/18999
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THE USE OF MEAN-VARIANCE FOR COMMODITY FUTURES AND OPTIONS HEDGING DECISIONS AgEcon
Garcia, Philip; Adam, Brian D.; Hauser, Robert J..
This study provides additional evidence of the usefulness of mean-variance procedures in the presence of options which can truncate and skew the returns distribution. Using a simulation analysis, price hedging decisions are examined for hog producers when options are available. Mean-variance results are contrasted with optimal decisions based on negative exponential and Cox-Rubinstein utility functions over 56 ending price scenarios and two levels of risk aversion. The findings from our simulation, which considers discrete contracts, basis risk, lognormality in prices, transactions costs, and alternative utility specifications, affirm the usefulness of mean-variance framework.
Tipo: Journal Article Palavras-chave: Marketing.
Ano: 1994 URL: http://purl.umn.edu/31230
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Why Don't Country Elevators Pay Less for Low Quality Wheat? Information, Producer Preferences and Prospect Theory AgEcon
Adam, Brian D.; Hong, Seung Jee.
Previous research found that country elevators that are the first in their area to grade wheat and pay quality-adjusted prices would receive above-normal profits at the expense of their competitors. Because of spatial monopsony, these early-adopting elevators would pass on to producers only 70% of the quality-based price differentials received from next-in-line buyers. If competing elevators also adopted these practices, profits for all elevators would return to near normal, and elevators would pass on to producers nearly all price differentials received from next-in-line buyers. However, that research could not explain why more elevators were not becoming "early adopters" by paying quality-adjusted prices. More recent research found that producers' risk...
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Demand and Price Analysis.
Ano: 2001 URL: http://purl.umn.edu/18957
Registros recuperados: 13
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