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EFFECTS OF PROPOSED TRADE BARRIERS FOR MILK PROTEIN CONCENTRATE AND CASEIN IMPORTS ON THE U.S. DAIRY INDUSTRY AgEcon
Balagtas, Joseph Valdes; Rickard, Bradley J.; Sumner, Daniel A..
Tight import barriers cover many milk products, but import quotas or prohibitive tariffs have not covered imports of a variety of high-protein specialty products. These products without tariff rate quotas include various casein and milk protein concentrate products. In recent years, imports of milk protein products into the United States have received increasing attention from U.S. dairy interests. A simulation model is used to study the effects of imports of milk protein products on U.S. prices and production of milk protein, on government purchases of dairy products, and on the production, prices and incomes of U.S. milk producers.
Tipo: Conference Paper or Presentation Palavras-chave: Livestock Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/19730
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Beggar-Thy-Self Advertising: A Multi-Market Model of Generic Promotion for Dairy Products AgEcon
Balagtas, Joseph Valdes; Kim, Sounghun.
We develop a multi-market equilibrium displacement model that allows for demand linkages (substitutes or complements) across downstream product markets, and supply linkages through the common use of a raw commodity as the key input. Applying the model to the dairy sector, we find that the effectiveness of producer-funded advertising, and thus optimal advertising intensities, depends on the demand relationships across dairy product markets (cross-price and cross-advertising elasticities), as well as the re-allocation of raw milk towards the advertised market. We argue that the previous literature, which ignores the horizontal linkages highlighted here, tends to overstate the effectiveness of generic commodity promotion for dairy, and thus results in too...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2005 URL: http://purl.umn.edu/19303
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Marketing Organic Milk in the United States: Findings from the Agricultural Resource Management Survey of 2005 AgEcon
Alexander, Corinne E.; Balagtas, Joseph Valdes; Mayen, Carlos D.; Greene, Catherine R..
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2007 URL: http://purl.umn.edu/9747
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A closer look at the role of the fruit and vegetable planting restriction provision on land use in the United States AgEcon
Lei, Lei; Rickard, Bradley J.; Balagtas, Joseph Valdes; Krissoff, Barry.
Current U.S. farm programs make payments to farmers based in part on historical base acres planted in particular program crops such as corn, soybeans, cotton, wheat and soybeans. Eligibility for payments includes regulations on the crops allowed to be grown on base acres, and there are restrictions on planting horticultural crops on such base acres. The fruits and planting restriction on base acres has potentially influenced the number of acres planted to fruits and vegetables over the past two decades. This research carefully examines the effects of planting restrictions applied to vegetables and program crops, using county-level data in the United States in 1982, 1987, 1992 and 1997. The paper employs the difference-indifference (DiD) approach to...
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; Land Economics/Use.
Ano: 2011 URL: http://purl.umn.edu/103992
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ECONOMIC IMPLICATIONS OF THE AUSTRALIA-U.S. FREE TRADE AGREEMENT FOR U.S. DAIRY MARKETS AND DOMESTIC DAIRY FARM PROGRAMS AgEcon
Alston, Julian M.; Sumner, Daniel A.; Balagtas, Joseph Valdes; Brunke, Henrich.
We develop a simulation model to analyze the effects on U.S. milk markets of an Australia-U.S. free trade agreement. An important contribution to the literature is the derivation of explicit supply and demand relationships for milk components, which allows an analysis of long-term production, consumption, and trade patterns that is not tied to specific products. Simulations indicate that increased imports from Australia, resulting from bilateral trade liberalization, would result in modest reductions in U.S. milk prices and production.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/20164
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Allocation of Authority in Agricultural Production Contracts AgEcon
Cakir, Metin; Balagtas, Joseph Valdes; Wu, Steven Y..
The objective of this paper is to develop a model that explains the involvement of first level handlers in farm level decisions. In particular, the research attempts to explain observed differences among levels of farmer's autonomy in production contracts of different agricultural commodities. We show that the trade off that a contractor faces for holding the decision rights for controlling production inputs varies for different production environments. In particular, the contractor prefers controlling inputs in production of commodities that have relatively uniform production environments, whereas it is more efficient to delegate the control to the producer for commodities that have diverse production environments.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2009 URL: http://purl.umn.edu/49577
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Unit Roots, TV-STARs, and the Commodity Terms of Trade: A Further Assessment of the Prebisch-Singer Hypothesis AgEcon
Balagtas, Joseph Valdes; Holt, Matthew T..
Replaced with revised version of paper 06/27/06.
Tipo: Conference Paper or Presentation Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2006 URL: http://purl.umn.edu/21405
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Cartel Pricing with Entry: the Experience of the Far West Marketing Order for Spearmint AgEcon
Balagtas, Joseph Valdes; Masters, William J.; Zimmer, Timothy.
This paper documents the remarkable experience of the Far West mint producers in the operation of their marketing order. From 1993 to 2002, the marketing order witnessed a dramatic reduction its share of the Scotch spearmint market, as well as a reduction in both its price. We apply a model of a cartel facing a competitive fringe to describe the fall in the marketing order price as a logical consequence of increased world production of spearmint oil. We estimate an econometric model of the marketing order price and find that a 1-percent change in the marketing order's market share corresponds to a 0.8 percent change in the marketing order price.
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2005 URL: http://purl.umn.edu/19328
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The Economics of Reducing Package Size: Consumer response and returns to manufacturers. AgEcon
Cakir, Metin; Balagtas, Joseph Valdes; Binkley, James K.; Leibtag, Ephraim S..
Tipo: Conference Paper or Presentation Palavras-chave: Marketing; Production Economics.
Ano: 2010 URL: http://purl.umn.edu/61600
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Revisiting the palm oil boom: An examination of consumption in the oils complex AgEcon
Sanders, Daniel J.; Balagtas, Joseph Valdes; Gruere, Guillaume P..
The production, trade, and market share of palm oil has shown impressive growth in the last two decades. As a result of sustainability concerns over issues such as deforestation in Indonesia, the causes of the growth in the palm oil market have received considerable attention. The growth of the biofuels market is one potential culprit that has been notably discussed, but it is not the only possible driver of growth in the palm oil market. Restrictions on genetically-modified organisms may have played a role, especially as they relate to limits on oil produced from GMO soybeans. Additionally, increasing concerns over health issues such as trans-fats may have spurred substitution to the low trans-fats palm oil. This analysis details some of the changes...
Tipo: Conference Paper or Presentation Palavras-chave: Palm oil; Biofuels; Edible oils; Consumption; Demand and Price Analysis.
Ano: 2011 URL: http://purl.umn.edu/103726
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Vertical Economies of Scope for Organic and Conventional Dairy Farms in the United States AgEcon
Mayen, Carlos D.; Balagtas, Joseph Valdes; Alexander, Corinne E..
Studies of dairy farm structure have neglected issues of vertical organization of the farm. In this study we model and measure the potential for dairy farms to reduce costs of production through vertical integration. We estimate a multi-stage, multi-output cost function to assess vertical economies of scope in organic and conventional dairy farms. We model the cost of producing grains and forages, which are then used as inputs in the production of milk. We find negligible vertical economies of scope for conventional dairy farms. In contrast, we find significant vertical economies of scope in organic dairy production, suggesting that there is an economic incentive for vertical integration into feed production. The large vertical economies of scope for...
Tipo: Thesis or Dissertation Palavras-chave: Dairy; Organic; Vertical economies scope; Livestock Production/Industries; Production Economics.
Ano: 2009 URL: http://purl.umn.edu/49409
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Import Demand for Dairy Products in Cote d'Ivoire AgEcon
Balagtas, Joseph Valdes; Coulibaly, Jeanne Y.; Diarra, Ibrahim.
We estimate an LA/AIDS model of demand for imported dairy products for Cote d'Ivoire. We employ a unique set of Ivorian customs data, spanning seven dairy products observed monthly from January 1996 to December 2005. Demand for milk powder is found to be inelastic, as substitutes for milk powder in the domestic processing industry are scarce. Demand for fluid milk, yogurt, and cream are found to be elastic, as these domestic products produced from imported powder may substitute for the imports. With the exception of condensed milk, dairy products are found to be necessities.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2006 URL: http://purl.umn.edu/21432
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MILK MARKETING ORDERS AND MILK SANITATION REGULATION: RE-EVAULATING MARKETING ORDERS' WELFARE EFFECTS AgEcon
Balagtas, Joseph Valdes; Sumner, Daniel A..
This research shows that the existing literature on milk marketing orders misses an important effect. Previous work ignores the interaction of marketing orders with milk grading regulation. We model this interaction and show that producer benefits from marketing orders have been smaller than previous work suggests, and, under some conditions, may even be negative. Additional costs of producing fluid grade milk, omitted from previous welfare analyses, reduce producer benefits from marketing orders. Estimates of the additional cost indicate that this previously unmeasured effect is a significant component of the total welfare effect of marketing orders. An econometric model is developed to explain the variation in the fluid grade share of milk across...
Tipo: Conference Paper or Presentation Palavras-chave: Marketing.
Ano: 2004 URL: http://purl.umn.edu/20399
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Commodity Policies and Product Differentiation: the California Milk Marketing Order and the Organic Dairy Sector AgEcon
Balagtas, Joseph Valdes; Kreutzer, Kristina N..
This paper evaluates the economic consequences of milk marketing orders for producers and consumers in organic and conventional milk markets. We develop a multi-market equilibrium displacement model that disaggregates the organic and conventional segments of the California milk market in order to evaluate the economic effects of alternative policies. We find that exemption of organics from marketing order regulation would make organic farmers better off at the expense of conventional farmers, but that complete deregulation would make both organic and conventional farms worse off.
Tipo: Conference Paper or Presentation Palavras-chave: California; Cartel; Dairy; Equilibrium displacement model; Milk marketing orders; Organic; Demand and Price Analysis; Marketing.
Ano: 2007 URL: http://purl.umn.edu/9964
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Changing Structure and Competition in Food and Agricultural Markets AgEcon
Balagtas, Joseph Valdes.
Tipo: Journal Article Palavras-chave: Marketing.
Ano: 2010 URL: http://purl.umn.edu/94753
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Consumer Response to Package Downsizing: An Application to the Chicago Ice Cream Market AgEcon
Cakir, Metin; Balagtas, Joseph Valdes.
Tipo: Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety.
Ano: 2012 URL: http://purl.umn.edu/123980
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Dairy Market Participation with Endogenous Livestock Ownership: Evidence from Cote d'Ivoire AgEcon
Balagtas, Joseph Valdes; Coulibaly, Jeanne Y.; Mohammad, Jabbar; Negassa, Asfaw.
This study evaluates determinants of dairy market participation by agricultural households in Cote d’Ivoire by using the Heckman selection model to correct for endogenous cattle ownership. A key result is that ignoring the population of non-owners biases estimates of market participation parameters. These findings are important in light of the widespread application of livestock market participation analyses that assume cattle ownership is exogeneous.
Tipo: Conference Paper or Presentation Palavras-chave: Cote d’Ivoire; Dairy; Endogenous adoption; Heckman selection model; Market participation; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/9728
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Farm Level Incidence of the U.S. Farm Policy Proposal to the WTO AgEcon
Acmoody, Jacob; Balagtas, Joseph Valdes; Gray, Allan W..
A farm level simulation model is used to analyze the financial impacts of the U.S. proposal to the WTO to reduce farm subsidy payments. The impacts are examined for farms of different sizes, debt positions, and household characteristics. Results indicate that cash flow impacts of the policy change are much greater than net worth impacts.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural and Food Policy.
Ano: 2006 URL: http://purl.umn.edu/21260
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Impact of a Commodity Price Spike on Poverty Dynamics: Evidence from a Panel of Rural Households in Bangladesh AgEcon
Balagtas, Joseph Valdes; Bhandari, Humnath; Mohanty, Samarendu; Cabrera, Ellanie; Hossain, Mahabub.
In this paper we assess the effects of the dramatic rise in agricultural commodity prices during 2007-2008 on income dynamics and poverty among rural households in Bangladesh. We use data from a nationally representative longitudinal survey of rural households in Bangladesh collected in four waves in 1988, 2000, 2004, and 2008. Nargis and Hossain (2006) analysed income dynamics and poverty incidence for the first three waves, finding a declining trend in both the incidence and depth of poverty, aided by in particular by human capital development and the off-farm labor opportunities. Here we update the analysis to include data collected in 2008, at the height of the aforementioned spike in agricultural prices. We find that various measures of rural poverty...
Tipo: Presentation Palavras-chave: Poverty; Income; Commodity price spike; Rural households; Bangladesh; Panel data; Demand and Price Analysis; Food Security and Poverty.
Ano: 2012 URL: http://purl.umn.edu/124225
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Supply and demand for commodity components: implications of free trade versus the AUSFTA for the US dairy industry AgEcon
Alston, Julian M.; Balagtas, Joseph Valdes; Brunke, Henrich; Sumner, Daniel A..
During the negotiations on the Australia–US free trade agreement (AUSFTA), the US dairy industry vigorously opposed opening the US market to imports of Australian dairy products on the grounds that the US industry would be devastated. Subsequently, the agreement signed in February 2004 made an exception for dairy, providing for only limited quota expansion and no free trade, even at the end of the long implementation period. This paper presents a simulation model of world dairy markets, represented by supply and demand equations for fat and non-fat components of milk and manufactured dairy products. We use the model to analyse the effects on US milk markets of both a hypothetical agreement, allowing free bilateral trade in dairy products, and the actual...
Tipo: Journal Article Palavras-chave: Australia–US trade agreement; Components model; Dairy; International Relations/Trade; Livestock Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/116926
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