Showing 1 - 10 of 131
Using farm-level data from the 1987, 1992, and 1997 Census of Agriculture, this study estimates what effect … agricultural payments have had on the likelihood of farm business survival and on farm size. The unique panel data set permits … conditioning current farm size on past farm size, which removes much of the individual heterogeneity of farms that could be …
Persistent link: https://www.econbiz.de/10005330414
This paper determines the benefits and costs of firm-level advertising in a monopolistically competitive industry. The model is useful in an environment in which firm-level costs may be absent or imprecise. The empirical example uses data on the advertising for a new line of prune snacks by...
Persistent link: https://www.econbiz.de/10010918091
This article provides a structural framework for studying the market performance of various food industries. It revisits the benefit-function approach to modeling demand and extends its application to the empirical industrial-organization literature. We illustrate the empirical value of our...
Persistent link: https://www.econbiz.de/10010881535
Past value-added research employs hedonic pricing models to estimate premiums associated with value-added feeder cattle characteristics. However, hedonic pricing models require restrictive assumptions and impose a functional form. Producers also self-select into a treatment group, potentially...
Persistent link: https://www.econbiz.de/10010918085
Geographic fed cattle markets are important because cattle are bulky and perishable, and production and consumption areas are separated. These characteristics make cattle transportation costly and can contribute to segmented markets. This study uses USDA-AMS reported fed cattle market price data...
Persistent link: https://www.econbiz.de/10005330379
Socioeconomic and production system characteristics of a sample of Oklahoma sheep producers were employed to examine the decision to use or not use an electronic market for slaughter lambs. Producer attributes that influence electronic market use were identified with qualitative choice models....
Persistent link: https://www.econbiz.de/10005805459
This study investigates the impact of six major USDA reports in hog and cattle markets: Cattle; Cattle on Feed; Cold Storage; Hogs and Pigs; Livestock, Dairy, and Poultry Outlook (LDPO); and World Agricultural Supply and Demand Estimates (WASDE). A TARCH-in-mean model, with dummy variables to measure...
Persistent link: https://www.econbiz.de/10005525445
Information on prices and price risk differences across marketing arrangements aids fed cattle producers in making … choices about marketing methods. As part of the congressionally mandated Livestock and Meat Marketing Study, we investigated … fed cattle price and price risk differences across marketing arrangements. The analysis uses data representing cattle …
Persistent link: https://www.econbiz.de/10005525460
Previous research has reached inconsistent, if not paradoxical, conclusions regarding the impact of conservation easements on farmland prices. Expectations of price reductions, strongly grounded in economic theory, are not always observed.We develop a hedonic model to examine the sale prices of...
Persistent link: https://www.econbiz.de/10010918067
The value of USDA reports has long been a question of interest for researchers and practitioners. However, the impact of announcements on comovements across related commodity prices has not been explored beyond financial asset markets. This is important because the structure of the relationship...
Persistent link: https://www.econbiz.de/10010918076