As the 1998 U.S. hog market collapse unfolded, Thorn Apple Valley ceased hog slaughter operations at its Detroit, Michigan plant. We examine the impacts on Michigan live hog prices relative to Eastern Corn Belt hog prices. Results indicate that Michigan producers' relative price advantage...

In 1998, Thorn Apple Valley ceased slaughter operations at its Detroit, Michigan plant, the state's only major hog packing facility. We examine the plant closing's local impact via an investigation of whether prices received by Michigan hog producers decreased relative to hog prices in the...

A number of trends regarding specific factors that influence employment decisions and challenges affecting careers for men, women, and minorities in the agricultural economics profession are both ongoing and emerging. In 1998, the Committee on Women in Agricultural Economics (CWAE) began a...

In 1998, a survey of the American Agricultural Economics Association was conducted by the Committee on Women in Agricultural Economics. The survey was the first in an ongoing tracking system, funded by the American Agricultural Economics Association Foundation, designed to track the progress of...

Over the past twenty years, the R&D-based agricultural biotechnology industry has exhibited cyclical behavior in consolidation. This paper provides a positive, theoretical model of endogenous R&D, in which the number of firms engaged in R&D exhibits cyclical behavior. Additional, empirically...

An important characteristic of agricultural commodity markets is the extent to which those markets respond to price changes in related markets. Given a competitive market structure, the Law of One Price (LOP) postulates that spatial price relationships are determined by transfer cost1 among...