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EFFECT OF RISK PERSPECTIVE ON FERTILIZER CHOICE BY SHARECROPPERS AgEcon
Paudel, Krishna P.; Lohr, Luanne; Martin, Neil R., Jr..
Peanut and corn are two major crops in the tri-state area of the Southeast US, an area encompassing North Florida, Southwest Georgia, and Southeast Alabama. Sharecroppers in this region apply higher amount of input in crop production than the average farmers. We analyzed the behavior of sharecroppers in this region with regard to their fertilizer application decisions. Two hypotheses were formulated and tested based on sharecroppers' fertilizer application decisions: one assuming that sharecroppers are risk averse farmers and the other assuming that sharecroppers are regret minimizers. Our results show that a sharecropper uses different fertilizer treatments when minimizing risk depending on risk perspective and desired income. Sharecroppers who apply...
Tipo: Working or Discussion Paper Palavras-chave: Southeast U.S.; Sharecroppers; Regret minimizer; Risk averse; Peanut-Corn rotation; Farm Management; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/23814
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Impacts of Retailers’ Pricing Strategies for Produce Commodities on Farmer Welfare AgEcon
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
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Location Choice Behavior of Gulf of Mexico Shrimpers under Dynamic Economic Conditions AgEcon
Ran, Tao; Keithly, Walter R., Jr.; Kazmierczak, Richard F., Jr..
This study uses a mixed logit model to analyze monetary and nonmonetary factors that influence location choice behavior of the U.S. Gulf of Mexico shrimpers. Shrimpers’ responses to economic conditions are compared and contrasted for two periods related to changing economic conditions in the industry. Results show that even though shrimpers are generally revenue driven in choosing a fishing site, their past experience also plays an important role. Further, changes in economic conditions appear to exhibit an influence on the risk attitudes of some shrimpers.
Tipo: Journal Article Palavras-chave: Location choice; Loyalty; Mixed Logit; Risk averse; Shrimp fishery; Resource /Energy Economics and Policy; Q2; L2.
Ano: 2011 URL: http://purl.umn.edu/100648
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