Risk Sharing and Transactions Costs in Producer-Processor Supply Chains

Industrial Organization,

Restructuring of the Ag Lending Markets: The FCS Dilemma

Agricultural Finance,

U.S. Agriculture: Commercial and Large Producer Concentration and Implications for Agribusiness Segments

This study examines rate of concentration of farms and sales for aggregate farm production and crop and livestock activities during the 1982 to 2002 period. Data from the Census of Agriculture are used to calculate Theil's relative entropy measure as an indicator of concentration. Results indicate that Grain segments are lagging behind cotton, potato and hog segments in terms of concentration of total sales, while concentration in the dairy segment appears to be gaining steam. Agribusiness serving less concentrated industry segments should look to the more concentrated segments as leading indicators for effective marketing strategies as concentration increases.Concentration, Commodities, Entropy, Agribusiness,

U.S. Agriculture: Commercial and Large Producer Concentration and Implications for Agribusiness Segments

This study examines rate of concentration of farms and sales for aggregate farm production and crop and livestock activities during the 1982 to 2002 period. Data from the Census of Agriculture are used to calculate Theil's relative entropy measure as an indicator of concentration. Results indicate that Grain segments are lagging behind cotton, potato and hog segments in terms of concentration of total sales, while concentration in the dairy segment appears to be gaining steam. Agribusiness serving less concentrated industry segments should look to the more concentrated segments as leading indicators for effective marketing strategies as concentration increases.Concentration, Commodities, Entropy, Agribusiness,

THE INDUSTRIALIZATION OF AGRICULTURE: IMPLICATIONS FOR FUTURE POLICY

Farming is in the midst of a major transformation—not only in technology and production practices, but also in size of business, resource (land) control and operation, business model and linkages with buyers and suppliers. This paper describes the fundamental drivers of today’s structural change in U.S. agriculture. The impact of the drivers are illustrated by describing some illustrations of the kinds of innovative farming operations that are developing in agriculture, not the typical farms but those who appear to be leading and shaping the new agriculture. Finally, farm policy implications of the transformation of farming to an industrial manufacturing model are discussed.Farm policy, industrialization of agriculture, structural change, biological manufacturing

AN APPLIED PROCEDURE FOR ESTIMATING AND SIMULATING MULTIVARIATE EMPIRICAL (MVE) PROBABILITY DISTRIBUTIONS IN FARM-LEVEL RISK ASSESSMENT AND POLICY ANALYSIS

Research Methods/ Statistical Methods,

FORCES AFFECTING CHANGE IN CROP PRODUCTION AGRICULTURE

Agricultural Competitiveness, Crop Production, Agricultural Biotechnology, Agricultural Sustainability, Agricultural Inputs, Agricultural Profitability, Crop Production/Industries, Q10, Q12, Q13,

Farm Income Stabilization: A Central Goal for American and European Policies

The central thesis developed in this paper is that snapshot views of the global measures of agricultural support mask what is really happening in U.S. and E.U. agricultural policies. We demonstrate that American and European farmers are effectively protected from market risk by these policies. The level of PSE is largely determined by the level of world price. Most economists do not pay much attention to the role of agricultural policies in income stability. Yet farm income stability is clearly a prime objective of government policy both in the E.U. and the U.S. and probably elsewhere. We need to turn out attention to this objective if we are to produce policy analysis relevant to real world policy decisions.agricultural policy, market risks, agricultural income, U.S., E.U., agricultural and natural resource economics, Agricultural and Food Policy,

Farm Level Incidence of the U.S. Farm Policy Proposal to the WTO

A farm level simulation model is used to analyze the financial impacts of the U.S. proposal to the WTO to reduce farm subsidy payments. The impacts are examined for farms of different sizes, debt positions, and household characteristics. Results indicate that cash flow impacts of the policy change are much greater than net worth impacts.Agricultural and Food Policy,

Modeling Technical Change in Midwest Corn Yields, 1895-2005: A Time Varying-Regression Approach

This paper explores the use of time-varying regression models to model the effects of technical change in US Midwest Corn yields. The data extends from 1895 to 2005 encompassing the implementation of hybrid technologies and improvements in farm production practices.time-vary regression model, modeling technical change, corn yield technical change, Crop Production/Industries,