The elimination of the marketing quota system that regulated the peanut market since the 1930s has been accompanied by the emergence of marketing contracts between farmers and peanut buyers (mainly peanut shellers). Two types of contracts have been observed, forward contracts for delivery at...

The objective of this study is to propose a system of input demand functions consistent with the theory of the firm where promotion is treated as an information input in the production function. The empirical model is applied to the European Union (EU) input demand for shelled peanuts. The...

The 2002 Farm Bill altered the peanut program. Peanut producers have indicated interest in a New Generation Shelling Cooperative (NGSC). This study simulates inherent risks and potential risk management strategies for a NGSC. These strategies are ranked using various metrics to understand their...

Southeastern peanut farms with diversified field crops utilize government payments to supplement market receipts. Production in 2002 represented growing conditions under adverse weather, while 2003 represented optimal conditions. Representative farm analysis provides insight into allocation of...

Using monthly data, we find evidence of both short- and long-run asymmetry of price transmission from peanut to peanut butter prices. This suggests that the asymmetry is more likely a result of imperfect competition than of competitive profit maximizing inventory management. Effects of producer...

This study has identified several important factors affecting consumer negative perceptions about beef irradiation. The effects of these factors boil down to two main points: lack of trust in the adequacy and enforcement effectiveness of food safety regulations and consumer ignorance about the...

The main objective of this research is to evaluate the effectiveness of the U.S. Foreign Market Development (FMD) program on the European Union imported demand for shelled peanuts. We find that the FMD program had a positive effect on the EU demand for U.S. shelled peanuts. This result suggests...