Rice World Market Prices

The marketing loan program associated with rice features benefits calculated using a USDA-announced World Market Price (WMP) rather than the posted county prices that are used for most other commodities. This results in reduced risk protection for producers relative to other crops, and greater difficulty in making optimal use of program benefits. This research investigates the rice WMP, identifying the relative importance of various foreign prices and other potential influencing factors. The results of this research have important implications for financial planning and optimal risk management strategies for rice producers.Agricultural and Food Policy,

Aggregate Milk Supply Response to the Milk Income Loss Contract Program

This research tests for changes in aggregate milk production due to the operation of the Milk Income Loss Contract (MILC) program since 2002. Aggregate production is decomposed into the size of the dairy herd and milk production per cow. We find no statistically significant response in either variable. This finding implies that the simultaneous operation of income and price support programs in the United States has not, thus far, proven self-defeating.dairy, income support, policy, price support, Agribusiness, Livestock Production/Industries,

The Net Effect of Exchange Rates on Agricultural Inputs and Outputs

For more than thirty years, studies about the effect of the exchange rate on exports have been conducted. However, few have considered the combined effect of the exchange rate on imported inputs into the agricultural system and the exports of final agricultural products those inputs produce. A current concern is for the net effect as the total value and quantity of inputs imported has increased. This research examines the effect of exchange rate changes on imported inputs into the corn, wheat, and beef cattle production systems. Effects on cost of production budgets are calculated, examining affects on profitability. Vector Autoregression (VAR) and Bayesian Averaging of Classical Estimates (BACE) models were estimated to evaluate those effects. Daily and weekly price data were used for corn, wheat, feeder steers, ethanol, diesel, ammonia, urea, di-ammonium phosphate, and the exchange rate. A VAR model was estimated to model the relationship between the variables. After having incongruous test results in determining the lag length structure it was decided that a BACE model would be approximated. After estimating the BACE model the price responses of the commodities to the exchange rates was estimated. The price responses were used in demonstrating the effect of the exchange rate on a producer’s profitability. It was determined that, generally, a strengthening exchange rate has a negative impact on prices. It was also found that the exchange rate has a greater impact on prices now than it did 14 years ago, implying that the exchange rate now has a greater affect on profitability. A one percent increase in the value of the dollar led to a decline in profitability ranging from $0.02/bu in wheat to$0.56/cwt in feeder steers. However, agricultural producers should not be overly concerned about a lower valued dollar from the perspective of their agricultural business.Agricultural and Food Policy, Crop Production/Industries, International Relations/Trade, Livestock Production/Industries,

Options for Processing Shrimp Landed in South Carolina

Resource /Energy Economics and Policy,

Considerations in the Dairy Relocation Decision

Historically, U.S. dairymen have been thought to move to a new location to seek better economic opportunities or to leave an area that has become disadvantaged due to regulation or economics. Recently, there again have been major shifts in dairy production across the United States.Livestock Production/Industries,

The 8 Micron Phase Variation of the Hot Saturn HD 149026b

We monitor the star HD 149026 and its Saturn-mass planet at 8.0 micron over slightly more than half an orbit using the Infrared Array Camera (IRAC) on the Spitzer Space Telescope. We find an increase of 0.0227% +/- 0.0066% (3.4 sigma significance) in the combined planet-star flux during this interval. The minimum flux from the planet is 45% +/- 19% of the maximum planet flux, corresponding to a difference in brightness temperature of 480 +/- 140 K between the two hemispheres. We derive a new secondary eclipse depth of 0.0411% +/- 0.0076% in this band, corresponding to a dayside brightness temperature of 1440 +/- 150 K. Our new secondary eclipse depth is half that of a previous measurement (3.0 sigma difference) in this same bandpass by Harrington et al. (2007). We re-fit the Harrington et al. (2007) data and obtain a comparably good fit with a smaller eclipse depth that is consistent with our new value. In contrast to earlier claims, our new eclipse depth suggests that this planet's dayside emission spectrum is relatively cool, with an 8 micron brightness temperature that is less than the maximum planet-wide equilibrium temperature. We measure the interval between the transit and secondary eclipse and find that that the secondary eclipse occurs 20.9 +7.2 / -6.5 minutes earlier (2.9 sigma) than predicted for a circular orbit, a marginally significant result. This corresponds to e*cos(omega) = -0.0079 +0.0027 / -0.0025 where e is the planet's orbital eccentricity and omega is the argument of pericenter.Comment: 17 pages, 12 figure, accepted for publication in Ap

Size tunable visible and near-infrared photoluminescence from vertically etched silicon quantum dots

Corrugated etching techniques were used to fabricate size-tunable silicon quantum dots that luminesce under photoexcitation, tunable over the visible and near infrared. By using the fidelity of lithographic patterning and strain limited, self-terminating oxidation, uniform arrays of pillar containing stacked quantum dots as small as 2 nm were patterned. Furthermore, an array of pillars, with multiple similar sized quantum dots on each pillar, was fabricated and tested. The photoluminescence displayed a multiple, closely peaked emission spectra corresponding to quantum dots with a narrow size distribution. Similar structures can provide quantum confinement effects for future nanophotonic and nanoelectronic devices