Successful risk management strategies for agribusiness firms are contingent on the ability to accurately forecast basis. There has been substantial research on the actual use of basis forecasts, yet little research has been conducted on actually forecasting basis. This study evaluates the effect...

Building on existing work evaluating food-attribute labels, we use data collected in 2010 from a national web-based survey of 1,002 households to examine consumer inferences and valuations of food products promoted as “sustainably produced.†A best-worst scale framework was implemented...

The impact of the March, 2012 LFTB media event on beef prices was estimated by using the Relative Price of a Substitute Good method applied to 50% and 90% lean beef trim and cull cow prices. Stationarity tests conclude both of the relative prices were cointegrated prior to the LFTB event....

This study uses national, quarterly data to investigate U.S. meat demand using both the Rotterdam model and LA/AIDS model. We examine the effect of FSIS recalls especially beef E. coli O157: H7 recalls information on the consumption of meat. The estimated results indicate that beef E. coli O157:...

Farmers use forward contracts to eliminate adverse price and basis movements prior to harvest. Since late 2007, the local basis for Kansas wheat has changed dramatically relative to historic levels, causing greater risk exposure for elevators offering forward contracts. The result has been an...

Beef food safety events have contributed to considerable market volatility, produced varied consumer reactions, created policy debates, sparked heated trade disputes, and generally contributed to beef industry frustrations. Utilizing data from a total of 4,005 consumers in the United States,...

Traditionally, economists have utilized univariate approaches to forecast prices, even for firms operating in multicommodity environments. This research improves the way in which managerial decision making is analysed by developing a model better representing the price risks and opportunities...