Stochastic simulation was used to analyze revenues and costs for a small-scale catfish processing plant under various combinations of operating capacity utilization and price paid for live fish. The probability for a positive level of daily net income ranged from 11 to 100 percent depending on...

Protocol analysis of meat buyer's product selections found that in more than 80% of the buyers' decisions, a high-involvement decision process was used. Most of the buyers use a compensatory process in which product attributes are allowed to compensate one for the other. Some buyers used a...

International Coffee Agreement (ICA) impact on prices, premiums, and discounts for coffee grades are determined. Data for 967 transactions from 1987 to 1991 are used to estimate a hedonic price model. ICA abandonment reduced prices received and reduced the premiums paid for wet-processed high...

In April 1986 the US Food and Drug Administration (FDA) approved low level irradiation of fresh fruits and vegetables for insect control and delayed ripening. The Department of Energy (DOE) is interested in establishing six food irradiation research facilities in the US. This article provides a...

Presented to USDA Economists Group, Washington, DC

This study conducts an investigation on the application of classical unit-root tests using parametric tests (the augmented Dickey-Fuller, 1979 – ADF), and nonparametric tests (Phillips and Perron, 1988—PP) to corn and soybean yields in the Delta states using county-level data from 1961 to...

In the research area of crop yield density estimation and in particular in risk analysis, little emphasis has been given to the appropriateness of transformation methods (e.g., removing a linear trend) and how such transformations impact the reliability of the empirical distribution functions...