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...

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...

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Record-high U.S. strawberry production in 1993 and another large crop anticipated in 1994 continue the growth trend that began in the 1970's. California produced nearly 80 percent of the U.S. crop on less than half of the strawberry acreage due to higher output per acre than other States. Grower...

This study explores the strategic pricing behaviors across retail chains for produce products. We adopt a Panel-VAR model to identify the driving factors of retail price variation and find that retail price history, competition, product cost are among the key drivers of retail price change....

Using a bio-economic model, H2OBeef, that includes traditionally considered parameters associated with running a beef feedlot but also incorporates aspects associated with water, changes that can alter water consumption and or price are examined. The results indicate that when water does not...

The proposed Supplemental Coverage Option (SCO) crop insurance program is included in both the House and Senate farm bills. We develop a county level model to analyze program indemnities. The FAPRI-MU stochastic U.S. model is used to estimate market effects of the program. We find the net...