A simple method for making ranking-based conjoint analysis incentive compatible is proposed. The incentive compatible mechanism involves people purchasing a product profile with a probability proportional to its assigned rank. In an empirical application related to consumer preferences for beef...

The U.S. ostrich industry was introduced in the 1980s and experienced rapid expansion in the late 1980s and early 1990s. Breeding stock prices rose rapidly and subsequently plummeted during 1993–1995. High prices are to be expected in the introductory stage of an industry. However, the...

This study examines the influences of risk, transaction costs, autonomy, size, farm demographics, and socioeconomic characteristics on the choice of four business arrangements by U.S. hog producers. Data for this analysis were obtained from a national survey of U.S. hog producers. This research...

The U.S. hog industry expanded rapidly during the 1980s and 1990s. Along with this expansion, hog farms have become larger, partly due to economies of size and new business arrangements. Using markov chain analysis, this study analyzes the movement of hog farms among three different size...

Rotational grazing has been promoted as a best management practice with environmental benefits and associated higher revenue. Its adoption rate has been relatively low. This study investigates the role of uncertainty in the adoption of rotational grazing with a cost-share by cattle producers....

Policymakers are under constant pressure to alleviate financial stress, mainly associated with farm business income, on farm households through government farm program payments. The 1996 FAIR Act signaled the end of these payments and Congress decided that agricultural policy should be more...