Consulta: subjectFacets:"Q110"
Registros recuperados: 12
Data/hora: 10/06/2024 04:53:05

The Impact of Situation and Outlook Information in Corn and Soybean Futures Markets: Evidence from WASDE Reports
Provedor de dados: 31
Autores: Isengildina-Massa,   Olga; Irwin,   Scott H.; Good,   Darrel L.; Gomez,   Jennifer K.
The purpose of this study was to examine the impact of situation and outlook information from World Agricultural Supply and Demand Estimates (WASDE) in corn and soybean futures markets over the period 1985 to 2006. Results indicate that WASDE reports containing National Agricultural Statistics Service (NASS) crop production estimates and other domestic and international situation and outlook information have the largest impact; causing return variance on report sessions to be 7.38 times greater than normal return variance in corn futures and 6.87 times greater than normal return variance in soybean futures. WASDE reports limited to international situation information and domestic and international outlook information have a smaller impact. The results show...
Tipo: Journal Article
Palavras-chave: Corn; Market impact; Outlook; Situation; Soybeans; WASDE; Agribusiness; Crop Production/Industries; Financial Economics; Q100; Q110; Q130.
Ano: 2008
URL: http://purl.umn.edu/45048

Farm and Retail Prices in the South African Poultry Industry: Do the Twain Meet?
Provedor de dados: 31
Autores: Mkhabela,   Thulasizwe S.; Nyhodo,   Bonani.
The IFAMR is the Official Journal of the International Food and Agribusiness Management Association: www.ifama.org
Tipo: Journal Article
Palavras-chave: Poultry; Price transmission; Farm and retail prices; Time series; Agribusiness; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; Q100; Q110; Q120; Q130; Q180.
Ano: 2011
URL: http://purl.umn.edu/114713

THE WINE MARKET IN JAPAN: MARKET COMPETITION AMONG EXPORTING COUNTRIES AND THE STRATEGY OF US WINE
Provedor de dados: 31
Autores: Arahata,   Katsumi.
The purpose of this paper is to examine the structure of wine consumption in the Japanese market, focusing on the consumption in households. Considering various tendencies of Japanese eating and drinking habits nowadays related to wine consumption, the model was built and empirically estimated. The data to be investigated was household's data from the past twenty-seven years of official statistics. It was found that Japanese households show high income elasticity for wine demand. The strategy to prioritize department store distribution was demonstrated to be effective due to the fact that wine consumption in the high income class is steadily high, while the sensitivity to income and compatibility of foods is higher in middle income classes. However, the...
Tipo: Conference Paper or Presentation
Palavras-chave: Wine consumption; Compatibility of foods with wine; Price elasticity; Income elasticity; Influence of recession; International Relations/Trade; Q110; Q130.
Ano: 2004
URL: http://purl.umn.edu/20296

Psychological Prices and Price Rigidity in Grocery Retailing: Analysis of German Scanner Data
Provedor de dados: 31
Autores: Herrmann,   Roland; Moeser,   Anke.
A substantial degree of price rigidity has been reported for branded foods in various studies with scanner data. One possible explanation for price rigidity is the existence of psychological pricing points. We analyze to which extent psychological pricing plays a role in grocery retailing and whether it contributes to price rigidity of branded foods in Germany. Psychological pricing – defined here as just-below-the-round-figure-pricing – is empirically analyzed with scanner data of weekly prices for 20 food brands in 38 retail outlets from September 1996 to June 1999. Psychological pricing turned out to be extremely important in German food retailing. Branded food prices are remarkably sticky and psychological pricing points contribute strongly to price...
Tipo: Conference Paper or Presentation
Palavras-chave: Marketing; Q110; Q130.
Ano: 2005
URL: http://purl.umn.edu/19471

U.S. Cotton Prices and the World Cotton Market:  Forecasting and Structural Change
Provedor de dados: 31
Autores: Isengildina-Massa,   Olga; MacDonald,   Stephen.
The purpose of this study was to analyze structural changes that took place in the cotton industry in recent years and develop a statistical model that reflects the current drivers of U.S. cotton prices.  Legislative changes authorized the U.S. Department of Agriculture to resume publishing cotton price forecasts for the first time in 79 years.  In addition, systematic problems have become apparent in the forecasting models used by USDA and elsewhere, highlighting the need for an updated review of price relationships.  This study concluded that a structural break in the U.S. cotton industry occurred in 1999, and that world cotton supply has become an important determinant of U.S. cotton prices.  China’s trade and production policy also continues to be an...
Tipo: Conference Paper or Presentation
Palavras-chave: Forecasting; Cotton; Price; Demand; Trade; Structural change; Farm programs.; Demand and Price Analysis; Q100; Q110; Q130.
Ano: 2009
URL: http://purl.umn.edu/49324

Making the world market price endogenous within the AGMEMOD modelling framework: an econometric solution
Provedor de dados: 31
Autores: Listorti,   Giulia; Esposti,   Roberto.
This paper aims at making the world price endogenous within the AGMEMOD modelling approach. This approach constructs country-level commodity market models where supply and demand sides are equalized on the basis of the observed domestic prices. These prices are endogenous as they depend (price transmission equation) on a EU key-price, which is, in turn, endogenously determined by the world price (price formation equation). The world prices, however, are assumed to be exogenous. To make the world price endogenous, we propose a system of equations where the EU key-price and the world price are simultaneously determined. This system of equations, written in a dynamic and error-correction form (VECM), substitutes the usual price-formation equation, while price...
Tipo: Conference Paper or Presentation
Palavras-chave: Price Formation and Transmission; Commodity Market Models; VECM; Demand and Price Analysis; Research Methods/ Statistical Methods; Q110; Q170.
Ano: 2008
URL: http://purl.umn.edu/6659

Agricultural Price Transmission Across Space and Commodities During Price Bubbles
Provedor de dados: 31
Autores: Esposti,   Roberto; Listorti,   Giulia.
This paper analyses the horizontal transmission of cereal price shocks both across different market places and across different commodities. The analysis is carried out using Italian and international weekly spot (cash) price data and concentrating the attention on years 2006-2010, a period of generalized exceptional exuberance and consequent rapid drop of agricultural prices. The work aims at investigating how price transmission may be affected during price bubbles. The properties of price time series are firstly explored to assess which data generation process may have eventually produced the observed patterns. Secondly, the interdependence across prices is specified and estimated adopting appropriate cointegration techniques.
Tipo: Conference Paper or Presentation
Palavras-chave: Price Transmission; Price Bubbles; Time Series Properties; Cointegration; Demand and Price Analysis; Q110; C320.
Ano: 2011
URL: http://purl.umn.edu/114338

Impacts of Retailers’ Pricing Strategies for Produce Commodities on Farmer Welfare
Provedor de dados: 31
Autores: Li,   Chenguang; Sexton,   Richard J.
The typical model of retail pricing for produce products assumes retailers set price equal to the farm price plus a certain markup. However, observations from scanner data indicate a large degree of price dispersion in the grocery retailing market. In addition to markup pricing behavior, we document three alternative leading pricing patterns: fixed (constant) pricing, periodic sale, and high-low pricing. Retail price variations under these alternative pricing regimes in general have little correlation with the farm price.   How do retailers’ alternative pricing behaviors affect farmers’ welfare? Using markup pricing as the baseline case, we parameterize the model to reflect a prototypical fresh produce market and carry out a series of simulations under...
Tipo: Conference Paper or Presentation
Palavras-chave: Retail price; Produce commodity; Farmer welfare; Expected utility; Harvest cost; Risk averse; Mean-variance utility; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; Industrial Organization; Marketing; Risk and Uncertainty; Q110; Q130; L100; M310.
Ano: 2009
URL: http://purl.umn.edu/51720

Modelling the Impact of 2003 CAP Reform on Crop Production: The case of Durum Wheat in Italy
Provedor de dados: 31
Autores: Esposti,   Roberto; Lobianco,   Antonello.
This paper aims to summarize some of the major results emerging from simulating the impact of the CAP reform (the so-called Fischler Reform or Luxembourg Agreement, LA) within the AG-MEMOD model of the agri-food sector in Italy. The paper shows how the model generates impacts when alternative policy scenarios (Agenda 2000 vs. LA) are specified. As major evidence of this impact in the Italian case, the crop sector is dealt with in detail. In particular, the case of supplementary payments for durum wheat clarifies how the reform may specifically affect Mediterranean agriculture and how alternative specifications of the regime switch in durum wheat support relevantly influence the impact.
Tipo: Journal Article
Palavras-chave: Common Agricultural Policy; Italian Agriculture; Commodity Market Models; Crop Production/Industries; Q110; Q180.
Ano: 2005
URL: http://purl.umn.edu/44091

RISK, TECHNICAL EFFICIENCY AND MARKET TRANSACTION COSTS IN DIFFERENT ORGANISATIONAL FORMS: EVIDENCE FROM THE OBLAST TATARSTAN
Provedor de dados: 31
Autores: Hockmann,   Heinrich; Gataulina,   Ekaterina; Hahlbrock,   Konstantin.
The paper investigates the significance of external and internal transaction costs and risk in agriculture in the Tatarstan Republic. The analysis is conducted for independent farms and farms which are members of agroholdings. The result indicates that external transaction costs are more marked in independent farms than in agroholding members. However, average prices do not differ among the organisational forms. With regard to internal transaction costs (or inefficiency) the result is the opposite. Inefficiency in agroholding members is considerably higher than in independent farms. However, the estimation suggests that this result is due to more intense risk management in agroholding members. Thus, members of a business group have a more intense use of...
Tipo: Conference Paper or Presentation
Palavras-chave: Risk production function; Internal and external transaction costs; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Industrial Organization; Institutional and Behavioral Economics; Q110; D220; P230.
Ano: 2011
URL: http://purl.umn.edu/114510

ESTIMATION OF SUPPLY AND DEMAND ELASTICITIES OF CALIFORNIA COMMODITIES
Provedor de dados: 31
Autores: Russo,   Carlo; Green,   Richard D.; Howitt,   Richard E.
The primary purpose of this paper is to provide updated estimates of domestic own-price, cross-price and income elasticities of demand and estimated price elasticities of supply for various California commodities.  Flexible functional forms including the Box-Cox specification and the nonlinear almost ideal demand system are estimated and bootstrap standard errors obtained.   Partial adjustment models are used to model the supply side.  These models provide good approximations in which to obtain elasticity estimates.  The six commodities selected represent some of the highest valued crops in California.  The commodities are: almonds, walnuts, alfalfa, cotton, rice, and tomatoes (fresh and processed).  All of the estimated own-price demand elasticities are...
Tipo: Working or Discussion Paper
Palavras-chave: Consumer Economics: Empirical Analysis; Agricultural Markets and Marketing; Agriculture: Aggregate Supply and Demand Analysis; Prices; Agribusiness; Agricultural and Food Policy; Consumer/Household Economics; Crop Production/Industries; Demand and Price Analysis; Marketing; D120; Q130; Q110.
Ano: 2008
URL: http://purl.umn.edu/37629

Modeling Pork Supply Response and Price Volatility: The Case of Greece
Provedor de dados: 31
Autores: Rezitis,   Anthony N.; Stavropoulos,   Konstantinos S.
This paper examines the supply response of the Greek pork market. A GARCH process is used to estimate expected price and price volatility, while price and supply equations are estimated jointly. In addition to the standard GARCH model, several different symmetric, asymmetric, and nonlinear GARCH models are estimated. The empirical results indicate that among the estimated GARCH models, the quadratic NAGARCH model seems to better describe producers’ price volatility, which was found to be an important risk factor of the supply response function of the Greek pork market. Furthermore, the empirical findings show that feed price is an important cost factor of the supply response function and that high uncertainty restricts the expansion of the Greek pork...
Tipo: Journal Article
Palavras-chave: Asymmetry; GARCH; Pork supply; Price volatility; Agribusiness; Demand and Price Analysis; International Development; Risk and Uncertainty; C510; D200; Q110.
Ano: 2009
URL: http://purl.umn.edu/48764