Purpose – The purpose of this paper is to investigate the causal relationship between the prices of rice, crude oil, wheat, corn and soybean in China and estimate the long-run and short-run price relationships. Design/methodology/approach – Using monthly price date over the period of January...

This paper examines the impact of PST on the optimal production/marketing decisions of a grow-finish hog farm operation. The analysis evaluates PST from three angles: the feed efficiency effect, the leaner meat price effect, and the aggregate-supply-induced price effect. When limited to the feed...

Generic dairy promotion is big business. The 1983 Dairy and Tobacco Adjustment Act requires that all dairy farmers pay a promotion assessment of 15 cents per hundredweight on all milk sold commercially. Of the total assessment, up to 10 cents may be retained locally to fund regional or state...

The U.S. pork sector is evolving from an industry of small, independent firms vertically linked by spot markets to one of substantially larger firms vertically connected through contractual agreements and integration. Potential benefits to this tighter vertical arrangement include lower consumer...

The authors discuss how they used the audience response system (ARS) to facilitate pit market trading in an applied microeconomics class and report the efficacy of the approach. Using the ARS to facilitate active learning by engaging students in economics experiments has pedagogical advantages...

The extent to which Latin America can pull itself out of persistent poverty in the foreseeable future depends, in an important manner, on how successful the region will be in achieving sustainable growth in its rural economies. A good strategy for sustainable growth in rural Latin America is to...

This paper empirically investigates the relationship between commodity prices and wages in the rural labor markets of a developing country (i.e., Bangladesh). Given its basis on a theoretical justification for hysteresis, this empirical study provides a more complete method for investigating...