This paper provides a theoretical analysis for the optimal portfolio of weather index and individual crop insurance in farm level under mean-variance framework and stresses the impacts of risk aversion level, transaction cost, and basis risk. An empirical application of corn farms in Todd county...

The debate about Country-of-Origin labeling (COOL) has centered on the projected benefits and costs of its implementation. This study uses data from a Vickery auction (n=200) to estimate willingness to pay for COOL. Preliminary findings suggest, on average, consumers value COOL, are not...

GIS is an emerging marketing tool. This study examines the Georgian landscape plant retail market using GIS in conjunction with other traditional market research tools. Spending and logistic regression propensity scores are analyzed for prevailing geographic patterns. This allows retailers to...

This paper examines the impact of publicized food safety information on consumer price formation of meat (beef, pork, and poultry) and price flexibilities of the meat types. Preliminary analysis indicates that seasonal impact on meat price and some lagged food safety concerns are significant,...

This paper examines the technical efficiency (TE) of a sample of farms in North-Central Kansas practicing conventional and no-till practices. A stochastic frontier production model with technical inefficiency effects is used to obtain individual farm TE values and to explain sources of technical...

Target-MOTAD was used to determine the optimal crop insurance options for two representative cotton and peanut farms in southern Alabama. Results showed that, for one of the farms, no crop insurance option was risk reducing given the yield history. For the other farm, risk reduction involved...

This article seeks to expand current literature by discussing the economic feasibility of growing kenaf within three counties in Tennessee. Results revealed that kenaf would not compete with traditional crops at prices below $49/ton, while profit-maximizing farmers could supply as much as...

Cross sectional time series data in a partial adjustment model examine local government behavior under an aggregate property tax levy limit and under Truth in Taxation in Kansas. Results indicate that the aggregate levy limit would have continued to restrict property tax revenue and spending had...

A reasonably precise estimate of the number of harvest days is necessary to determine the investment in harvest machines required to support a lignocellulosic biorefinery. This study was undertaken to determine probability distributions for the number of suitable field work days per month for...