Agricultural and Resource Economics Review

Agricultural and Resource Economics Review is a magazine focusing on Agriculture

Articles from Vol. 32, No. 2, October

An Ex Ante Real Options Analysis of Automatic Milking Systems in Pennsylvania and the Northeast
Outstanding Master's Thesis AwardAutomatic milking systems have the potential to significantly change the way milk is produced. These systems are able to prep, milk, and post-treat cows with no human intervention. However, there is a high degree of uncertainty...
A Real Options Analysis of Automatic Milking Systems
Automatic, or robotic, milking systems have the potential to significantly change the way milk is produced on U.S. dairy farms. However, there is a high degree of uncertainty associated with adoption of this new technology. A real options approach is...
Constraining Phosphorus in Surface Waters of the New York City Watershed: Dairy Farm Resource Use and Profitability
The New York City Watershed Agricultural Program seeks to reduce the potential for phosphorus movement from farms to surface waters. A "phosphorus index for site evaluation" (P-index) provides planners in the New York City Watershed Agricultural Program...
Consumer Response to Genetically Modified Food Products in Japan
In Japan, a large U.S. export market, there has been growing public opposition against genetically modified (GM) foods. Using a dichotomous choice contingent valuation method, findings show the discount needed for Japanese Seikyou consumers to purchase...
Determinants of Anomalous Prevented Planting Claims: Theory and Evidence from Crop Insurance
This study examines the factors that determine the likelihood of submitting a potentially fraudulent prevented planting claim. A theoretical model is developed and the theoretical predictions are empirically verified by utilizing a binary choice model...
Farmland Preservation and Differential Taxation: Evaluating Optimal Policy under Conditions of Uncertainty
Differential property tax policy for farmland is often set under conditions of uncertainty and limited information regarding landowners' objective functions. This study examines optimal differential tax policy for a parcel of agricultural land facing...
Hydropower Re-Licensing and the Environment: An Analysis of the Timing and Total Quantity of Electricity Generation
Master's Thesis Award of MeritIn less than 10 years, 220 dams representing 20% of U.S. hydropower capacity will undergo re-licensing. Throughout the duration of their original licenses, these facilities were operated with little attempt to mitigate their...
Joint Estimation of Revealed and Stated Preference Data: An Application to Recreational Red Snapper Valuation
This study extends the joint estimation of revealed and stated preference data literature by accounting for truncation in the revealed preference data. The analytical model and estimation procedure are used to estimate the value of recreational red snapper...
Revenue Impacts of MPP Branded Funds: A Firm-Level Analysis
The USDA's Market Access Program (formerly Market Promotion Program) recently underwent a major change to redirect all branded products export promotion funds to small domestic firms and cooperatives. The redirection responded to criticisms by the General...
Setting the Standard for Farmland Preservation: Do Preservation Criteria Motivate Citizen Support for Farmland Preservation?
The multifunctional set of services provided by farmland complicates the task of identifying which farmland should be preserved. For this reason many states and local governments establish criteria to rank and select parcels of farmland for protection....
The 21st Century Land Grant Economist
The land grant system is a value-added infrastructure, designed to extend the boundaries of traditional colleges and universities to bring science to bear on the pressing needs and problems of underserved citizens and communities. With supplemental resources...
The Growing Importance of the Environmental Horticulture Industry in the Agricultural Economy of the Northeastern United States
This study examines several aspects of the Environmental Horticulture Industry (EHI) in the northeastern United States. First, the EHI is compared to other agricultural sectors in the region. The sector's growth is found to far outpace growth in traditionally...
The Potential Value of Agricultural Trade Options
Hedgers located far from organized commodity exchanges suffer a mismatch between their local prices and exchange prices. Futures and options traded on the exchange may still be valuable to distant hedgers, but only to the extent that basis risk is small....