This research extends past work by Shonkwiler and Yen (1999) by allowing for distributional flexibility and nonlinear responses in the form of established semiparametric and nonparametric regressions. The proposed models are shown to outperform the parametric version typically used in demand...

This research develops a mixture regression model that is shown to have advantages over theclassical Tobit model in model fit and predictive tests when data are generated from a two stepprocess. Additionally, the model is shown to allow for flexibility in distributional assumptions while nesting...

The purpose of this study is to evaluate the risks faced by fed cattle producers. With the development of livestock insurance programs as part of the Agricultural Risk Protection Act of 2000, a thorough investigation into the probabilistic measures of individual risk factors is needed. This...

The purpose of this paper is to evaluate production risks faced by fed cattle producers. We do this by jointly modeling a group of cattle production yield risk factors using a multivariate dynamic regression model. The proposed econometric model estimates parameters that influence the mean and...

The purpose of this study is to evaluate the risks faced by fed cattle producers. With the development of livestock insurance programs as part of the Agricultural Risk Protection Act of 2000, a thorough investigation into the probabilistic measures of individual risk factors is needed. This...

Recent droughts have demonstrated the sensitivity of cattle inventories to adverse weather. Statelevel first-differenced panel regressions are used to estimate the impact of drought conditions on rancher decisions regarding herd size. Results provide insights into the recovery time associated...

Despite much research on feed grains and oilseeds little is known about the dairy industry's influence on aggregate cottonseed demand. A transcendental logarithmic production model with regional dummy variables is used to estimate the US dairy industry's derived demand for cottonseed meal, corn,...

An intergenerational transfer model incorporating both altruism and exchange is presented for family farm transfers. A simulation study is conducted to test parental motivation in intergenerational transfers of family farm businesses. Results indicated that family farm intergenerational...