This paper suggests how a particular vertical arrangement, Top of the Market Pricing (TOMP), can have horizontal anti-competitive effects. The theory is also applicable to other vertical arrangements in use in the fed cattle market. The theory changes the theoretical backdrop for examining...

Estimation of the environmental services values, represents a crucial element in the process of taking of decisions on environmental programs and policies to develop, as well as an orientation instrument for the implementation of production patterns and more sustainable consumption. From this...

Madagascar has a tradition of agricultural trade (coffee, vanilla, cloves). In the 90s, the country started developing non-traditional exports, such as lychees, to the European Union (EU), thereby generating substantial cash revenues for small producers. In 2005, access to the EU market became...

Purpose: French wine cooperatives show differences of corporate objectives, but also common ones with private wine merchants, as they face a common economic environment. The traditional controlling and financial models do not seem adequate to measure ‘sustainable social economy’ performances...

Beef industry data suggest that carcass yield and quality grades have shown little improvement over the last six years. Trend analysis of grid market share and carcass quality suggests that grid pricing has not made sufficient progress in achieving the goals envisioned for it as a value based...

South Dakota dairy industry has shifted toward large operations to offset declining numbers of dairy cows and milk production stemming from rapid exodus of smaller (100-cow) dairy farms. This study examines the regional and state level economic impacts of expansion by large and medium size...

The information value of the former USDA voluntary price reporting system is investigated for dressed weight slaughter steers. The ability of the former system to promote market transparency and price discovery in the cash market is evaluated with state level mandatory price reporting data...

The relationship between publicly reported weekly grid premiums and discounts for specific carcass characteristics and the percentage of those characteristics reflected in total weekly slaughter volume (i.e., proportional slaughter volume) is investigated. Granger Causality and multi-lag VAR...

The year 2008 will long be remembered as a year when corn based ethanol has seen tremendous change. The Energy Independence and Security Act, which passed in late 2007, gave a huge boost to the industry as it mandated an increase in biofuel production and use. In 2008, the industry witnessed...

The ability of the former federal voluntary price reporting system to facilitate market efficiency in the cash markets for U.S. livestock was questioned by producer groups and academic researchers prior to implementation of federal mandatory price reporting regulations. In the cash market for...