Journal of Agricultural and Applied Economics

Tri-annual journal focusing on coverage and analysis of agriculture and foresting industries.

Articles from Vol. 39, No. 1, April

Characteristics of Organic Food Shoppers
Data from a national survey of food shoppers are analyzed by probit and ordered probit models that incorporate elements of Lancaster's product attribute model and Weinstein's precaution adoption process. The models are used to investigate the characteristics...
Determinants of Return on Equity in U.S. Local Farm Supply and Grain Marketing Cooperatives
Farm supply cooperatives are an important component of the retail agribusiness industry in the United States. The objective of this research is to identify financial variables that are determinants of return on equity in these cooperatives. Firm effects...
Does Close Count? School Proximity, School Quality, and Residential Property Values
This study jointly estimates the impact of school quality and school proximity on residential property values in Greenville, South Carolina. While quality is found to be capitalized into residential property values, the degree of capitalization depends...
Do Incentives for Quality Matter?
We use an unusual dataset involving 14 tomato growers over 4 years to analyze the effect of incentive contracts on behavior in a fixed effects econometric model. We find that growers respond to incentive contracts by improving tomato quality, as predicted...
Do Refuge Requirements for Biotechnology Crops Promote Economic Efficiency? Some Evidence for Bt Cotton
We examine producer behavior, resistance evolution, and returns under alternative refuge requirements in an eastern North Carolina region with multiple corn, cotton, and soybean fields infested by a mobile pest. Returns are highest, pyrethroid sprays...
Economic Impacts of Carbon Taxes and Biomass Feedstock Usage in Southeastern United States Coal Utilities
The Southeastern United States depends on coal to supply 60% of its electricity needs. The region leads in CO2 emissions and ranks second in emissions of SO^sub 2^ and NO^sub 2^. Compared with coal, biomass feedstocks have lower emission levels of sulfur...
Factor Price Disparity and Retained Ownership of Feeder Cattle: An Application of Feedlot and Carcass Performance Data to Farm-Level Decision Making
In this study, we used farm-level data from a university feed-out program to evaluate how the value of feeder cattle ultimately realized through finishing and grid pricing differs from their market value at public auction. Consistent with the theory...
Farm Animal Welfare-Testing for Market Failure
Many consumers are concerned with animal welfare in the conventional production of farm livestock. This concern can be related both to their own and others' consumption. In the latter case, there is a negative externality from consumption. We suggest...
Hedonic Retail Beef and Pork Product Prices
Consumer-level hedonic models are estimated to determine factors affecting retail pork and beef meat cuts. Results indicate that brand premium and discount varies across private, national, and store brands and that brand premium varies across meat cuts...
Meat Demand in South Korea: An Application of the Restricted Source-Differentiated Almost Ideal Demand System Model
The first difference version of the restricted source-differentiated almost ideal demand system is used to estimate South Korean meat demand. The results of this study indicate that the United States has the most to gain from an increase in the size...
Optimal Seasonal Allocation of Generic Dairy Advertising Expenditures
Annual seasonal advertising expenditure allocations were estimated for the national generic advertising programs for fluid milk and cheese with the use of price and advertising elasticities of demand that varied over time. Significant variation in optimal...
Rationality of U.S. Department of Agriculture Livestock Price Forecasts: A Unified Approach
This research presents a systematic and unified approach to evaluating forecast rationality that considers the potential of nonstationarity in forecasts and realized values. The approach is applied to one-quarter ahead U.S. Department of Agriculture...
Trade Creation and Trade Diversion in the North American Free Trade Agreement: The Case of the Agricultural Sector
This paper examines the effect of the U.S.-Mexico trade agreement under the North American Free Trade Agreement (NAFTA). The results suggest that U.S. agricultural imports from Mexico have been responsive to tariff rate reductions applied to Mexican...
U.S. Cotton Subsidies: Drawing a Fine Line on the Degree of Decoupling
The impact of the U.S. cotton policy depends on several interrelated factors: how input subsidies interact with producer price supports, producer price expectations, and the extent to which price supports are decoupled from production. Cotton subsidies...
Working Farm Participation and Acreage Enrollment in the Conservation Reserve Program
Among Conservation Reserve Program (CRP) participants, there is a distinction between farm households using the program to ease out of farming and those using the program to augment production receipts. We find evidence that factors other than crop or...