This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period but not during the lean hogs period. Our findings...

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This report summarizes the financial and production records of 16 dairy farms across the Upper Peninsula (UP) of Michigan. To be included, the farms must have produced at least 50 percent of gross cash farm income from milk and dairy animal sales. The records came from Michigan State...

Turkey producers in Central Utah rely on the Moroni Feed Company, a highly integrated cooperative which replaced a declining sugar beet production of the 1930's. The cooperative's complete services now include everything from breeder flocks to processed turkey products, feed milling, field...

This paper investigates the effects of network based individual social capital on the access of rural households to services. In the context of development economics, an innovative data collection approach is used to determine network based social capital. The approach originates from the field...

Historically NZ dairy farming has held a position as the lowest cost, non-subsidized producers at the farm gate. Recently, this position has been eroded as a result of increases in labor and land costs, while other emerging countries, such as Argentina and Ukraine, have adopted lower cost...

This paper investigates the impact of an expansion in agricultural processing on the Western Australian economy by modifying and applying a Computable General Equilibrium (CGE) economic model of Western Australia (called WAM). WAM was used to simulate the effects of a $1 million expansion in...

According to the U.S. Census of Agriculture, 294,000 farms operated on 10 or fewer acres in 2007. While most small acreage (SA) operations did very little farming, approximately 50,000 SA farms had gross sales of $10,000 or more in 2007; 3,600 reported grossing $500,000 or more. Thus, a limited land...