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Commodity modeling is like many other endeavors in science and in life—we continue to strive for completeness and perfection but may never be satisfied with the current level of our accomplishments. This is a productive attitude, because it always generates incentives for continued effort...
Persistent link: https://www.econbiz.de/10005786647
China's accession to the World Trade Organization, a significant event for U.S. agricultural trade, has been viewed as benefitting U.S. farmers, especially midwestern farmers. This research compares the productivity and cost of production (COP) of China and the United States in producing corn,...
Persistent link: https://www.econbiz.de/10005786648
Pigouvian taxes are typically imposed in situations where there is imperfect knowledge on the extent of damage caused by a producing firm. A regulator imposing imperfectly informed Pigouvian taxes may cause the firms that should (should not) produce to shut down (produce). In this paper we use a...
Persistent link: https://www.econbiz.de/10005786649
The distribution of usual intakes of dietary components is important to individuals formulating food policy and to persons designing nutrition education programs. Usual intake of a dietary component for a person is the long run average of daily intakes of that component for that person. Because...
Persistent link: https://www.econbiz.de/10005786650
Recently enacted food safety regulations require processors to meet product standards for microbial contamination in meat products. This paper investigates the production function for food safety in meat processing to gain a better understanding of the costs to meat processing firms of changing...
Persistent link: https://www.econbiz.de/10005786651
Recently, the Republic of Turkey passed a significant milestone on its road to becoming a full member of the European Union when the customs union agreement became effective. The agreement eliminates barriers to trade between Turkey and the EU in industrial goods and processed agricultural...
Persistent link: https://www.econbiz.de/10005786652
Emerging policies directed toward greenhouse gas emission (GHGE) reductions are causing governments and industries to consider the merits of GHGE mitigation possibilities. Land-based biological sequestration (LBS) is being evaluated as one potential way to achieve net GHGE reductions. Some have...
Persistent link: https://www.econbiz.de/10005786653
In North America and Europe, wheat is a very important commodity that has been at the heart of trade disputes and policy conflicts. This study uses a dynamic Almost Ideal Demand System (AIDS) to estimate demand elasticities for wheat differentiated by classes, for the United States and the...
Persistent link: https://www.econbiz.de/10005786655
This study examines the interaction between Food Stamp Program (FSP) and Temporary Assistance for Needy Families (TANF) program participation, provides a model of joint decisions made by households on FSP, TANF, and labor force participation, and explains why households choose different...
Persistent link: https://www.econbiz.de/10005786656
Granger Causality tests are run to examine the causal relationships between the trade deficit, another macroeconomic variable, and U.S. prices. The results show that strong causal relationships run from the trade deficit to agricultural prices but not to nonagricultural prices. Results of...
Persistent link: https://www.econbiz.de/10005786657