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Grain Futures Markets: What Have They Learned?

Santos, Joseph M. - Department of Agricultural and Consumer Economics, … - 2009

Taken together, studies that examine how well commodity futures markets perform find that risk premiums are common—and so unbiasedness is not—and markets are not uniformly efficient across commodities or forecast horizons. This large body of research sheds important light on whether and to...

Persistent link: https://www.econbiz.de/10009368387

POTENTIAL OF AGRICULTURAL DEVELOPMENT TO INCREASE RURAL EMPLOYMENT

Pemberton, Carlisle A.; Mgonja, Mary A. - Caribbean Agro-Economic Society - CAES - 2007

The paper examined whether increasing agricultural output would lead to an expansion of employment in rural areas in the Caribbean and Sub-Saharan Africa (SSA). The paper found that the agricultural development problems in the Caribbean and SSA are very similar, especially, declining export...

Persistent link: https://www.econbiz.de/10005804751

Conditional Skewness of Aggregate Market Returns

Charoenrook, Anchada; Daouk, Hazem - Charles H. Dyson School of Applied Economics and … - 2009

The skewness of the conditional return distribution plays a significant role in financial theory and practice. This paper examines whether conditional skewness of daily aggregate market returns is predictable and investigates the economic mechanisms underlying this predictability. In both...

Persistent link: https://www.econbiz.de/10004979527

Optimal Coverage Level Choice with Individual and Area Plans of Insurance

Bulut, Harun; Collins, Keith J.; Zacharias, Thomas P. - Agricultural and Applied Economics Association - AAEA - 2011

We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...

Persistent link: https://www.econbiz.de/10009002509

Hog Options: Contract Redesign and Market Efficiency

Urcola, Hernan A.; Irwin, Scott H. - In: Journal of Agricultural and Applied Economics 42 (2010) 04

This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period but not during the lean hogs period. Our findings...

Persistent link: https://www.econbiz.de/10008853621

The Effect of Increased Energy Prices on Agriculture: A Differential Supply Approach

Moss, Charles B.; Livanis, Grigorios T.; Schmitz, Andrew - In: Journal of Agricultural and Applied Economics 42 (2010) 04

The increase in energy prices between 2004 and 2007 has several potential consequences for aggregate agriculture in the U.S. We estimate the derived input demand elasticities for energy as well as capital, labor, and materials using the differential supply formulation. Given that the derived...

Persistent link: https://www.econbiz.de/10008853629

An Improved Method for Calibrating Purchase Intentions in Stated Preference Demand Models

Davies, Stephen P.; Loomis, John B. - In: Journal of Agricultural and Applied Economics 42 (2010) 04

The Orbit demand model allows the magnitude of the calibration to stated purchase intentions to vary based on the magnitude of the stated quantities. Using an empirical example of stated trips, we find that the extent of calibration varies substantially with less correction needed at small...

Persistent link: https://www.econbiz.de/10008853634

Price Discovery in U.S. Corn Cash and Futures Markets: The Role of Cash Market Selection

Xu, Xiaojie - Agricultural and Applied Economics Association - AAEA - 2014

Using daily data from 182 spatially separated U.S. cash markets for the years 2006-2011, I investigate price discovery for corn. With a large number of cash markets available, I take into account explicitly the issue of market selection, which has been neglected in previous work. I find that...

Persistent link: https://www.econbiz.de/10011068966

Causality and Price Discovery in U.S. Corn Markets: An Application of Error Correction Modeling and Directed Acyclic Graphs

Xu, Xiaojie - Agricultural and Applied Economics Association - AAEA - 2014

This study investigates dynamic relationships among U.S. corn cash prices for the years 2006-2011. With daily data from 182 spatially separated markets spreading across 7 states, Iowa (IA), Illinois (IL), Indiana (IN), Ohio (OH), Minnesota (MN), Nebraska (NE), and Kansas (KS), we apply an error...

Persistent link: https://www.econbiz.de/10011068978

MARKETING OPPORTUNITIES FOR JAMAICA’S GRAPEFRUIT INDUSTRY

Evans, Edward A.; Nalampang, Sikavas; Spreen, Thomas H. - 2007

illegal. One alternative worth considering is exporting fresh grapefruits to the EU. This marketing opportunity comes about as … the demand for the fruit in the EU could create a marketing opportunities for countries such as Jamaica. The paper … discusses the state of the Florida citrus industry with particular reference to grapefruits and the marketing prospects for …

Persistent link: https://www.econbiz.de/10009443325