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INTRA-PROCESSOR PRICE-SPREAD BEHAVIOR: IS THE U.S. CATFISH PROCESSING INDUSTRY COMPETITIVE? AgEcon
Hudson, Darren.
An analysis was conducted of price-spread behavior in the catfish-processing sector of the United States. A model of imperfect competition using conjectural variations was used to test for significant deviations from competition. Results show no significant deviation from competitive behavior, suggesting that catfish processor behave competitively. However, this result is limited by the assumption of equal market shares by each catfish-processing firm.
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 1998 URL: http://purl.umn.edu/26876
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The Relationship between Oil, Exchange Rates, and Commodity Prices AgEcon
Harri, Ardian; Nalley, Lawton Lanier; Hudson, Darren.
Exchange rates have long been thought to have an important impact on the export and import of goods and services, and, thus, exchange rates are expected to influence the price of those products that are traded. At the same time, energy impacts commodity production in some very important ways. The use of chemical and petroleum derived inputs has increased in agriculture over time; the prices of these critical inputs, then, would be expected to alter supply, and, therefore, the prices of commodities using these inputs. Also, agricultural commodities have been increasingly used to produce energy, thereby leading to an expectation of a linkage between energy and commodity markets. In this paper, we examine the price relationship through time of the primary...
Tipo: Journal Article Palavras-chave: Cointegration; Commodity prices; Crude oil; Exchange rates; Agribusiness; Consumer/Household Economics; International Relations/Trade; Marketing; Production Economics; Resource /Energy Economics and Policy; C32; L71; Q11; Q40.
Ano: 2009 URL: http://purl.umn.edu/53095
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THE IMPLICATIONS OF AN EXPORT TAX ON SECTORAL GROWTH: A CASE IN PAKISTAN AgEcon
Hudson, Darren; Ethridge, Don E..
Impacts of an export tax on growth in the cotton and yarn markets were examined. Results of a simulation show that the export tax on raw fiber decreased the rate of growth in the fiber sector by 80%, and also decreased growth in yarn production by 0.7%.
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; International Relations/Trade.
Ano: 1998 URL: http://purl.umn.edu/20986
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Comparison of Stated Choice and In-store Experimental Methods in Predicting Actual Market Behavior for Freshwater Prawn (Macrobrachium rosenbergii) Consumers AgEcon
Gallardo, Rosa Karina; Hanson, Terrill R.; Hudson, Darren.
The stated choice (SC) and actual revealed pricing/purchase experimental methods were compared for their ability to predict purchasing behavior and willingness-to-pay for freshwater prawns. SC hypothetical bias may be a consequence of difficulties in controlling factors affecting real world situations, small sample sizes and confusion related to the new product.
Tipo: Conference Paper or Presentation Palavras-chave: Choice experiment; Grocery store experiment; New product; Purchasing behavior; Consumer/Household Economics.
Ano: 2005 URL: http://purl.umn.edu/35623
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DECLINING COTTON ACREAGE IMPACTS ON U.S. COTTON GINNING INDUSTRY STRUCTURE AND COSTS AgEcon
Mutuc, Maria Erlinda M.; Hudson, Darren.
Paper prepared for 2010 Cotton Beltwide Conferences, New Orleans, Louisiana, January, 2010
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Industrial Organization.
Ano: 2010 URL: http://purl.umn.edu/96673
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Impacts of Expanded Ethanol Production on Southern Agriculture AgEcon
Susanto, Dwi; Rosson, C. Parr, III; Hudson, Darren.
This study analyzes the potential impacts of expanded ethanol production on southern agriculture. Results of regression analysis suggest that acreage planted for field crops (corn, cotton, soybeans, and wheat) is inelastic with respect to relative prices. The results provide statistical evidence of potential significant acreage shifts favoring corn over cotton, soybeans, and wheat. Simulations indicate that higher corn prices will increase corn acreage, but the South continues to be a deficit corn region. U.S. corn production is capable of supplying domestic demand for ethanol, feed for livestock and poultry, and other uses, while maintaining exports at more than 2 billion bushels annually.
Tipo: Journal Article Palavras-chave: Acreage shifts; Corn exports; Ethanol production; Southern agriculture; Agribusiness; Environmental Economics and Policy; Production Economics; Research and Development/Tech Change/Emerging Technologies; Q11; Q42.
Ano: 2008 URL: http://purl.umn.edu/47200
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THE WORLD TRADE ORGANIZATION AND SOUTHERN AGRICULTURE: THE COTTON PERSPECTIVE AgEcon
Hudson, Darren.
The World Trade Organization (WTO) negotiations could have important implications for Southern Agriculture. This paper explores some of the issues surrounding the WTO negotiations for cotton. Specifically, this paper examines the impacts of the phase-out of the Multi-Fiber Arrangement (MFA) on the location of textile production and cotton trade flows. Generally, it is believed that the WTO negotiations will have little direct impact on cotton, but will have indirect impacts through textile policy.
Tipo: Working or Discussion Paper Palavras-chave: Cotton; WTO; Trade; Textiles; MFA; International Relations/Trade.
Ano: 2000 URL: http://purl.umn.edu/15804
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Factors Affecting Hedging Decisions Using Evidence from the Cotton Industry AgEcon
Isengildina, Olga; Hudson, Darren.
Few farmers utilize futures and options markets to price their crops despite significant educational efforts. This study seeks to analyze producer hedging behavior within the framework of the overall marketing behavior. Producer marketing behavior is modeled as a simultaneous choice between cash sales, cooperative marketing and forward contracts, and hedging. A multinomial logit model is used for empirical estimation using data from a survey administered to a sample of cotton producers from across the U.S. The most important factors that explain the use of forward pricing by cotton producers are producer preferences, farm size, use of crop insurance, risk aversion, income from government payments and off-farm income. Risk aversion, off-farm income, crop...
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Marketing.
Ano: 2001 URL: http://purl.umn.edu/18970
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Changes in Price Behavior in the U.S. Catfish Industry: Evidence Using Cointegration AgEcon
Hudson, Darren.
The implications of market development in the catfish industry on catfish price behavior are explored using cointegration. It is hypothesized that market development, through increases in competition between processors and shifts in consumer preferences toward fish, has caused changes in price behavior among levels of the catfish market. Using monthly catfish price data, a cointegration analysis of subsets of prices shows that price behavior has changed through time, with catfish prices becoming integrated as the number of processors has increased. These results may have implications for the examination of market price behavior in developing or emerging markets.
Tipo: Journal Article Palavras-chave: Catfish; Cointegration; Price behavior; Vertically related markets; Agribusiness; Demand and Price Analysis; Livestock Production/Industries.
Ano: 1998 URL: http://purl.umn.edu/90441
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The Effects of Domestic Offset Programs on the Cotton Market AgEcon
Pan, Suwen; Hudson, Darren; Mutuc, Maria Erlinda M..
This paper analyzed the effects of the U.S. domestic offset program on the world cotton markets using a partial equilibrium model following the assumption given by Brown et al. (2010). The results in our study are largely similar to those of Baker et al. and Brown et al., confirming that study’s findings that ACES, and its domestic offset program in particular, would cause increases in the domestic prices of several agricultural commodities. However, the overall effects of this increase in the world price on total world trade is tempered by increased exports from India, Brazil, Uzbekistan, Australia, and Western & Central African countries.
Tipo: Conference Paper or Presentation Palavras-chave: Offset program; Cotton; Agricultural and Food Policy; International Relations/Trade; Q170; Q180.
Ano: 2011 URL: http://purl.umn.edu/98557
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SOYBEANS QUALITY PRICE DIFFERENTIALS FROM AN ELEVATOR'S PERSPECTIVE AgEcon
Murova, Olga I.; Mumma, Gerald A.; Hudson, Darren; Couvillion, Warren C..
Soybean prices are determined by interaction between various factors. At an elevator, discount prices for unique characteristics can range from 0.02 cents per bushel to 7.71 cents per bushel of soybeans. This variation suggests that producers of soybeans need quality-characteristic specific information concerning soybeans pricing at the market. This study uses a hedonic model to evaluate price differentials associated with soybean quality based on grain elevator data during the 1998 production period. Foreign material, moisture, bean damage, and net weight were found to significantly influence the cash price of soybeans.
Tipo: Conference Paper or Presentation Palavras-chave: Hedonic; Quality; Discount; Crop Production/Industries; Demand and Price Analysis.
Ano: 1999 URL: http://purl.umn.edu/21523
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POTENTIAL IMPLICATIONS OF PRODUCTION VARIABILITY ON AGRIBUSINESS: THE CASE OF COTTON GINNING IN MISSISSIPPI AgEcon
Boyd, Shawn; Hudson, Darren.
Cotton ginning represents an agribusiness that is heavily dependent on production agriculture. Recent changes in farm legislation and other government policies may have a long run impact on the variability of cotton production. This paper examines the potential impacts of increased production variability on the cotton ginning industry in Mississippi. A programming model is used to derive the optimal structure of the ginning industry under certainty. Potential implications of production variability are discussed and extensions to the model are proposed.
Tipo: Working or Discussion Paper Palavras-chave: Cotton; Ginning; Production variability; Mathematical programming; Agribusiness.
Ano: 1999 URL: http://purl.umn.edu/15788
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Determining Consumer Acceptance and Willingness to Pay for U.S. Farm-Raised Freshwater Prawns AgEcon
Hanson, Terrill R.; Hudson, Darren; Coggins, Patti; Anderson, Robert.
Tipo: Report Palavras-chave: Food Consumption/Nutrition/Food Safety; Livestock Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/55628
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Global Cotton Baseline 2008-09 - 2018/19 AgEcon
Hudson, Darren; Pan, Suwen; Mutuc, Maria Erlinda M.; Yates, Samantha.
ECONOMIC FUNDAMENTALS – Real GDP growth is projected at -2.16% in 2009 for developed countries before it slowly recovers to about 2.3% per year. Developing economies, on the other hand, are projected to grow by 2.6% in 2009 before they recuperate to an average of 5.3% thereafter. – A more favorable exchange rate between the Chinese yuan and the U.S. dollar will allow for U.S. cotton to be more affordable to China’s cotton textile industry.
Tipo: Report Palavras-chave: Agricultural and Food Policy.
Ano: 2009 URL: http://purl.umn.edu/53152
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Market Structure Impacts on Market Distortions from Domestic Subsidies: The U. S. Cotton Case AgEcon
Pan, Suwen; Hudson, Darren; Ethridge, Don E..
This analysis uses a residual demand elasticity model to measure market power in the international cotton market. The results indicate that China exerts significant market power and affects cotton prices. Those results, combined with a partial equilibrium model of the international cotton market, are used to evaluate the welfare consequences of U.S. cotton subsidy policies for major cotton exporters under alternative assumptions about global market structure. The results indicate that the effects of U.S. subsidies on the world cotton price are much smaller under an imperfectly competitive international market than under a perfectly competitive market scenario; the former appears to be a realistic case.
Tipo: Journal Article Palavras-chave: Global market structure; International trade; U.S. cotton commodity programs; Crop Production/Industries; Demand and Price Analysis; Financial Economics; International Relations/Trade; Land Economics/Use; Political Economy; Production Economics; Productivity Analysis.
Ano: 2010 URL: http://purl.umn.edu/98240
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Expiring Temporary Safeguards on Apparel Trade Implications for U.S. Cotton AgEcon
Mutuc, Maria Erlinda M.; Hudson, Darren; Ethridge, Darren; Mohanty, Mohamadou.
The 1995 Agreement on Textiles and Clothing (ATC) provided for the calculated liberalization of the textiles and apparel sectors over a 10-year period except for some safeguard measures ending on December 31, 2008. These safeguard measures allowed for import restrictions by the U.S. on certain categories of cotton apparel from China. Using a price equilibrium simulation model of the U.S. cotton and cotton apparel markets, results point to lower cotton apparel prices in the U.S. by as much as $0.11/lb while U.S. cotton prices decline by less than $0.01/lb once these safeguards expire.
Tipo: Thesis or Dissertation Palavras-chave: Agricultural and Food Policy.
Ano: 2008 URL: http://purl.umn.edu/53166
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CROSS-COMMODITY PERSPECTIVE ON CONTRACTING: EVIDENCE FROM MISSISSIPPI AgEcon
Hudson, Darren.
This analysis presents the results of a survey of agricultural producers in Mississippi regarding their use of contracting. The study focuses on cross-commodity differences in contracting and the variable underlying contracting. Logistic regression models are used to examine the impacts of variables coming from transactions cost economics and risk on contracting decisions. Support is found for the effects of transactions cost, but price risk is not found to be an important determinant of contracting decisions.
Tipo: Working or Discussion Paper Palavras-chave: Farm Management.
Ano: 2001 URL: http://purl.umn.edu/15800
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Impact of Hunting and Fishing on Mississippi Counties AgEcon
Whittington, Andrew; Parkhurst, Gregory M.; Hudson, Darren; Buller, Virginia.
Mississippi is largely agricultural with access to many watersheds, the combination of which makes the state attractive to hunters and fishermen. This paper investigates the impact of hunting/fishing on the sales tax revenue in the counties of Mississippi. Our results indicate that a 1% increase in the non-resident hunting/fishing license sold increases tax revenue by $14,535.65 per county on average.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/35525
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Macroeconomic Impacts of Water Use in Agriculture AgEcon
Weinheimer, Justin; Wheeler-Cook, Erin; Ethridge, Don E.; Hudson, Darren.
The recent/current recession provides the opportunity to study the effects of the macroeconomic changes on the agricultural production systems in the Great Plains and trace some of its impacts through the system to changes in primary inputs such water resource use. Therefore, the objective of the study reported here was to determine the effects of the changes in macroeconomic conditions driven by the 2008 recession on irrigated crop production in a portion of the Southern Great Plains and its impacts on water use. The approach for the study was to: (1) use the 10-year baseline FAPRI projections, based on changes in macroeconomic conditions, of agricultural commodity prices and input costs between the beginning of 2008 and the beginning of 2009, and (2)...
Tipo: Conference Paper or Presentation Palavras-chave: Ogallala Aquifer; Recession; Macroeconomic; Crop Production/Industries; Demand and Price Analysis; Environmental Economics and Policy; Land Economics/Use; Production Economics; Resource /Energy Economics and Policy; E00; Q15; Q30; Q31.
Ano: 2010 URL: http://purl.umn.edu/56456
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Toward a Consumer Economy in China: Implications of Changing Wage Policies for U.S. Cotton Exports AgEcon
MacDonald, Stephen; Pan, Suwen; Hudson, Darren; Tuan, Francis C..
The effect of a Chinese minimum wage increase on China’s textile market as well as on the world cotton market is evaluated. Based on a Nonlinear Quadratic Almost Ideal Demand System (NQAIDS) model of China’s textile demand, the results suggest that the income elasticity for textiles is around 0.6 in China, and that apparel is less price responsive than home textiles and other textile products. Simulation results suggest that a minimum wage increase would raise Chinese domestic textile consumption and lower Chinese textile exports. Most of the decline in textile exports by China is offset by expansion in other countries’ domestic textile production and results in a slight increase in world cotton mill utilization and higher clothing prices.
Tipo: Conference Paper or Presentation Palavras-chave: Nonlinear Quadratic Almost Ideal Demand System (NQAIDS); Cotton; Clothing; China; Trade; Industrial policy; Demand and Price Analysis; International Development; International Relations/Trade; Q17; Q18; R34; R21.
Ano: 2011 URL: http://purl.umn.edu/103615
Registros recuperados: 95
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