The U.S. green industry (floriculture and environmental horticulture) is the fastest growing agricultural sector in grower cash receipts, with an average annual growth rate of 9 percent since 1982. Green industry crops totaled $8.7 billion in grower cash receipts, earned 11 percent of the total...

This study investigates the determinants that influence a firm’s decision to use external private equity in agriculture. The use of external equity as a funding source in agriculture has increased since 1990; however, the literature addressing this phenomenon is limited. The asset specificity...

Much of the research in the past on farm structure and economic well-being focused almost exclusively on farms based on their size, their contribution to total agricultural production, or national net farm income. These aggregate measures do not by themselves adequately explain how well the farm...

Alcohol consumption is considered an important social activity but a major health risk in Latin American and Caribbean countries (LAC). Alcohol consumption net benefits are doubtful and the factors influencing alcohol consumption in the LAC countries are not well documented. In this study, we...

The understanding of how allocation decisions can maximise the economic returns to the community from water for irrigation has received little attention, but is a significant issue for regional councils, those interested in water allocation policy development, and for irrigated farmers. There is...

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...

Options on agricultural futures are popular financial instruments used for agricultural price risk management and to speculate on future price movements. Poor performance of Black’s classical option pricing model has stimulated many researchers to introduce pricing models that are more...