This paper examines determinants of consumers’ willingness to pay a premium for grass-fed and organic dairy by using survey data collected from several south-eastern states. Ordered and Heckman probit regression techniques were used to identify the significance of consumer characteristics...

Ethanol mandates have led to an increase in the production of distillers dried grains (DDGs), a co-product of ethanol production that is incorporated into livestock rations. As with most competitive industries, there is some level of price risk in handling DDGs, and there is no DDG futures...

Auction market users and operators were surveyed regarding their source and use of livestock auction price information. Although important for marketing and to a lesser extent production decisions, only 30 percent preferred publicly reported prices over reports from market operators or other...

In this paper, data from a 1992 telephone survey of Georgia residents were used to study people’s willingness-to-pay (WTP) for water as a commodity. A dichotomous contingent valuation method was employed to estimate the marginal scarcity rent of water. Results indicated that the average...

Excessive government losses and pressure from end users of peanuts have increased the likelihood of a peanut support price and quota reduction in the 1995 farm bill. This study analyzes the economic impacts of reducing the national quota support price on North Carolina farm income and rural...

This paper examines quality-price relationship in U.S. soybean exports. Implicit prices for quality characteristics of U.S. soybean exports were estimated using a hedonic price function from a rich transaction-specific data set to major destination markets to test the efficiency of the market in...

Derived demand relationships among four weight categories of feeder cattle entering Texas feedlots and their feed consumed are examined using a generalized McFadden dual cost function. Results demonstrate systematic differences in demand relationships among different weight categories. Positive...

Pasture-raised livestock production offers opportunity for product differentiation and enhanced sustainability. Shopper surveys at three Michigan retail locations measured consumers’ attitudes and beliefs regarding pasture-raised livestock products, and willingness to pay for...

Octopus exports are an important source of foreign exchange for Mauritania. The export market has historically been dominated by coordinated Japanese buyers, a situation that led Mauritania to create the Societe Mauritanienne de Commercialisation de Poisson (SMCP) to negotiate with buyers and...

This study examined the impacts of four promotional tactics—features, displays, features and display together, and temporary price reductions—in context of a conditional demand system for 12 beverages. The Rotterdam model with promotion effects specified through the...