We examine the role that habit plays when producers determine their hedge ratio. Data were collected from U.S. cotton growers in which they indicated their hedging position in 2001 and 2002 as well as their perceived profitability, land ownership structure, and income. To account for...

Pricing and technological innovation are discussed within the context of the beef industry’s value-based marketing initiative. Cash and contract marketing practices for fed cattle are addressed with respect to slaughter volume and pricing methods (live, dressed, and grid). A methodology...

This paper examines some of the historical trends in the evolution of research using econometrics, simulation, and operations research within agricultural economics. Agricultural economists are placing increased emphasis on economic theory and on increasingly sophisticated quantitative...

China has been rapidly increasing its consumption and imports of dairy products in recent years. A two-stage demand system was estimated for livestock product consumption in urban China over the 1990s. Total expenditure elasticities for the livestock commodity group and expenditure elasticities...

In this paper, we report our results in measuring total factor productivity (TFP) growth in the New Zealand primary and downstream manufacturing sectors. Our results showed strong TFP growth in the agriculture sector during 1988-2006 (2.7 percent per year). Forestry and logging’s TFP grew...