The objective of this study is to determine whether long run relationships exist among Australian beef prices at the farm, wholesale and retail levels using cointegration techniques. Monthly data from 1971 to 1994 are us~d for the analysis. Preliminary results show that while all three prices...

Recent crises in the agricultural sector, such as the 2011 German dioxin scandal and deaths from EHEC or the last swine fever outbreak in Germany in 2006, have caused immense economic damage. As a result, German veterinary authorities at the district, state, and federal levels have been put in...

Australian farmers have been warned of increases in wool auction price fluctuations since 2000 (Kingwell), yet 85% of producers continue to sell their wool on the highly volatile, open-cry auction system (Bolt 2004). It has been suggested that forward selling is one method available to farmers...

The seminal work of Freebairn, Davis and Edwards (FDE, 1982) showed that in a multistage production system, research that reduces production costs at one stage provides benefits to producers at all stages and to consumers. This work assumed a partial equilibrium environment, while producers...

Recent low estimates of total factor productivity change for wool producers in the Australian sheep industry indicate that they are struggling to improve their performance. This evidence is at odds with the views of many technical observers of industry performance, prompting us to re-estimate...

This study uses a simulation approach to determine the economic viability of two different production systems in the Texas Southern High Plains. Results show that a traditional cotton monoculture system is more profitable, although integrated cotton/forage/livestock systems require less water.

During extreme drought, grazing is unavailable and hay is expensive. Feed and labor costs in confinement cow-calf systems using concentrate diets are not well established. Cows were wintered in semi-confinement and costs determined. Results indicate that high concentrate confinement systems...

The production potential of OWB forage is evaluated under commercial rotational grazing management. The economic value of the forage is determined by the replacement value of the CP and TDN content. The optimal grazing period is determined where the MVP of grazing an additional day is equal to...