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Models of agricultural economics typically operate at an annual basis or in a static equilibriumframework where inputs, outputs and their prices may change considerably. Production dynamics,however, imply that models relying on spatial and temporal aggregation do not capture the effects...

RESUMEN: El objetivo de este trabajo es el estudio de la integración del mercado español del aceitede oliva y la contrastación de la Ley de Precio Único (LPU) en dicho mercado. El análisis se lleva acabo aplicando la técnica multivariante de cointegración a series mensuales (1987-2001) de...

This study was conducted to analyze the direct and indirect effects of ethanol policy on livestock production. Results of the theoretical model indicate the possibility of ethanol policy indirectly affecting livestock production. Econometric results show a possibility of ethanol policy...

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...

This study examines the dynamic effects of grain prices and energy prices on catfish feed prices and the price of food-sized catfish at the farm level. Using the autoregressive distributed lag model and bounds testing procedure, a long-run relationship between feed and farm prices and their...

This paper was presented at the INTERNATIONAL TRADE IN LIVESTOCK PRODUCTS SYMPOSIUM in Auckland, New Zealand, January 18-19, 2001. The Symposium was sponsored by: the International Agricultural Trade Research Consortium, the Venture Trust, Massey University, New Zealand, and the Centre for...

We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...

This paper considers the effects of granting a fishermen's sales organization exclusive rights to sell unprocessed fish. On the assumption that the fishermen's monopolyis able to discriminate between plants and end use alternatives in its pricing policy, the conditions for profit maximization...