In this study, cow/calf Standardized Performance Analysis (SPA) data for Texas, Oklahoma, and New Mexico are used to analyze how total cost, production, and profitability are affected by management choices. Total cost is the financial cost associated with raising a calf through the weaning stage;...

The Latin American peanut industry is estimated using SUR. In scenarios, their demand is not affected dramatically by both price changes. The price changes affect the Latin American supply by roughly 15% and net trade by approximately 50%, compared to less than 10% in world price shock.

GRP is essentially a put option on the NASS estimate of the county average yield. Purchasers of GRP are exposed to geographic basis risk. This study uses farm- and county-level yield data to examine the viability of area yield insurance for cotton and soybean farms in the southeastern U.S.

Probit analyses were conducted for adoption of Best Management Practices (BMPs) and rotational grazing. Results show that more diversified farmers are more likely to adopt BMPs. Results for willingness to adopt rotational grazing show that higher bid offers would lead farmers to be more willing...

Consumer acceptance of genetically modified (GM) products has become a vital factor in determining how prosperous the markets for GM products will be in the future. This phenomenon creates increased interest in understanding consumer attitudes and purchase intentions with regard to GM foods....

This paper reviews theoretical and empirical advances in transaction cost economics with the intention of applying the theory to biopower fuel organization from agricultural sources in future research. This literature provides a useful framework that can inform organizational arrangements of...

Forestland is a composite good, the price of which varies with its characteristics, such as its ability to produce timber and its proximity to markets. Sales of predominately forested land in southeastern Oklahoma were examined to better understand and quantify the influences of physical and...

Recent literature has combined Revealed (RP) and Stated Preference (SP) data in the Multinomial Logit Model (MNL) to estimate the value of environmental goods. However, emerging research has identified that a limitation of the MNL is the assumption of Independently and Identically Distributed...

A two-stage hedonic price and demand model was developed to estimate the willingness to pay for school quality, neighborhood safety and environmental quality in six Ohio metropolitan areas. Environmental quality and public safety were complements while school quality and house size were...

Due to a depressed wool industry sheep inventories have been declining resulting in significant increases in lamb and mutton imports. Goals of this paper are to estimate the derived demand and output supply for U.S. lamb imports, estimate demand elasticities, and to determine the impact of TRQ...