In agriculture, long-term decisions are usually made in an environment which is almost completely dynamic. For example, uncertainty arises from weather and climatic conditions. (Dis)investment in irrigation technology on farms has become more prominent over the past decade. The use of irrigation...

This study investigates the impact of risk preferences on economic efficiency scores. Risk averse individuals may be less likely to adopt new technologies and have lower production levels than individuals with other risk preferences. Nonparametric techniques are used to estimate cost and revenue...

Risk management and efficient, well coordinated, flow-scheduling have an increasingly important role in the competitive pork production networks. Changes in input and output prices have resulted in distortions in the Finnish pig markets during the last years. The goal of this study is to...

In this study stylized gasoline blender’s optimal hedging strategy in the presence of ethanol mandates is analyzed. In particular, the main objective of this study is to investigate whether the ability to purchase RINs and the presence of tax incentives would affect blenders’ optimal hedging...

The European General Food Law of 2005 and the newly promulgated FDA Food Safety Modernization Act (FFSMA) of 2010 ask all food operators to implement preventive efforts. In this article, we explore the link between firm’s size and preventive efforts. We show two main results. First, when there...

Improvement in maternal health care is at the center stage of policy making for many developing countries including India, which is faced with a high maternal mortality rate of 540 deaths per 100,000 live births. In India, 36% of women are underweight and an important policy question is whether...

Futures markets provide an important outlet for commercial traders to hedge their price risk; in turn, hedgers‟ connections to the physical market provide a foundation of market fundamentals to the futures markets. Participation by hedgers in the futures markets is important for both entities,...