Journal of Agricultural and Resource Economics

A semi-annual journal of news, ideas, and essays covering the economics of agriculture and natural resources. Published by the Western Agricultural Economics Association.

Articles from Vol. 33, No. 2, August

Balancing Grower Protection against Agency Concerns: An Economic Analysis of Contract Termination Damages
This study examines legislation that would grant growers termination damages if their contracts are terminated. Our model suggests that, with no contracting frictions, damages would not reduce ex ante efficiency as processors can contract around damages...
Forest Amenities and Location Choice in the Southwest
Locations with natural characteristics, such as forests, are thought to be attractive residential locations. This proposition is tested in the Southwest United States, composed of Arizona and New Mexico. This paper presents a conditional logit model...
Get a GRIP: Should Area Revenue Coverage Be Offered through the Farm Bill or as a Crop Insurance Program?
The successful expansion of the U.S. crop insurance program has not eliminated ad hoc disaster assistance. An alternative currently being explored by Congress in preparation of the 2008 farm bill is a standing disaster relief program. One form such a...
Market Power in the Corn Sector: How Does It Affect the Impacts of the Ethanol Subsidy?
Market power is discussed in debates about subsidies for ethanol production. The structural conditions in the corn industry create a case for concerns about market power. We develop an analytical model for determining the production and price impacts...
Modeling of Avian Influenza Mitigation Policies within the Backyard Segment of the Poultry Sector
This study presents a conceptual model for the analysis of avian influenza mitigation options within the small poultry farm sector (backyard flocks). The proposed model incorporates epidemiologic susceptible-infected-recovered (SIR) methodology into...
Public Policy and Endogenous Beliefs: The Case of Genetically Modified Food
When individuals have limited information and are uncertain about the quality of a good, government policy, or the lack thereof, can serve as a signal to consumers about the likelihood of realizing alternative states of nature. In this paper, we focus...
Spatial Dependence in Hedonic Property Models: Do Different Corrections for Spatial Dependence Result in Economically Significant Differences in Estimated Implicit Prices?
While data used in hedonic property models are inherently spatial in nature, to date the majority of past regression analyses have used OLS models that overlook possible spatial dependence in the data when estimating implicit prices for environmental...
Testing Whether Field Auction Experiments Are Demand Revealing in Practice
Recent evidence suggests that participants' misunderstanding of experimental auction mechanisms can systematically bias auction results. We present a simple technique for testing whether field auction participants fully understand the demandrevealing...
The Demand for Agritourism in the United States
Using data from the 2000 National Survey on Recreation and the Environment, this study explores factors affecting visits by the American population to farms and the economic value of the rural landscape for farm visitors. The number of farm recreation...