A hypothesis that hedging will not be an important factor for risk-averse investors when uncertainty is caused by futures prices and when basis risk is not associated with futures price is defended. Under a condition of constant absolute risk aversion (CARA), increments in futures prices will...

The local rural road and bridge system is under physical stress from heavy and wide farm vehicle travel. It is also under financial stress from the prospect of declining revenues for maintaining and rebuilding the system. There are significant research opportunities for agricultural economists...

The socioeconomic movement is an effort to better explain human behavior by combining insights of economists and sociologists. This paper contributes to the socioeconomic literature by including the influence of relationships, values, and social bonds in the neoclassical economic model by...

Participation in federal crop insurance programs has been encouraged through premium subsidies. The current subsidy depends on contract features as well as coverage levels. This type of subsidy rule causes farmers to choose contract designs and coverages that are not efficient for managing risk,...

Abstract Currently Unavailable.

Abstract Currently Unavailable.

A stratified random sample of grain elevators supplied grain bid and transportation cost data. These data are used to analyze the effects of various rail transportation costs on grain elevator handling margins for corn, soybean and wheat. Factors affecting transportation costs such as rail...

Abstract Currently Unavailable.

Identifies the characteristics of grain elevators that had railroad contracts during 1983-1985 using a logistic model designed for complex survey designs. Factors which influence the probability of a grain elevator participating in an origin contract with a railroad; Use of data from Kansas and...

Number of suppliers, approximation of equal-shares market condition and market share held by in-state sources were calculated to determine diversity of sources for 10 fresh fruits and vegetables in eight U.S. wholesale markets. Specificity of growing conditions is associated with few supply...