This study employs a structural time-series method to model and estimate U.S. cotton exports and mill use. The results show that the stochastic process governing cotton export fluctuations is transitory, while the process pertaining to mill use has transitory, seasonal, and secular origins. The...

Agricultural supply chains, especially those from producer to first handler, are relatively mature institutions. While agricultural economists often observe the evolution of marketing structures in developing nations, it is a rare opportunity to research a developing market within North America....

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...

The effectiveness of hedging volatile input prices for biodiesel producers is examined over one- to eight-week time horizons. Results reveal that hedging break-even soybean costs with soybean oil futures offers significant reductions in input price risk. The degree of risk reduction is dependent...

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...

This paper addresses the question of whether the export demand for soybeans and soybean products changed structurally over the 1950 to 1992 period as the U.S. agricultural sector became more integrated with the rest of the world economy. The results suggest that export demands were stable for...

Environmental concerns about pesticide usage in traditional production systems are prompting vegetable producers to consider alternative systems. Research results from a multi-year study on eggplant in southern Georgia compare two alternative production technologies to the conventional rye cover...

Our objective is to identify the determinants for success among USDA’s Value- Added Producer Grants (VAPG) program recipients. Business development has become an important program in departments of agricultural economics. Market share was found to be an important determinant of VAPG...

A milk marketing cooperative (MMC) was created by Florida dairy farmers to link the primary supply of fluid milk with the derived demand of processors in the vertical market. For any given milk supply, the revenue or return to farmers per unit of milk is the average milk price received by the...

This study estimates the elasticities of wholesale food prices, cost efficiency, and market power with respect to industrial concentration in 35 food processing industries, modifying the model of Lopez, Azzam, and Lirón-España (2002). In contrast to the results of their earlier analysis,...