INCENTIVE CONTRACTS TO MEET FUNCTIONAL CHARACTERISTICS IN WHEAT PURCHASING

Consistency of functional characteristics in hard red spring (HRS) wheat is a concern confronting sellers and buyers. This research analyzes contract incentives for importers with respect to cost and potential risk of acceptance. A principal-agent framework is utilized to examine contract incentives. In the principal-agent contract, the principal offers the contract, the agent rejects or accepts the contract, and then decides how much effort to apply. All this is subject to risk for the agent and moral hazard for the principal. An example is presented, for which equilibrium contract terms are a base price of 454 cents per bushel for low quality wheat and a premium of 36 cents per bushel if high quality is achieved. The premium for high quality is unchanged as the agent's outside option increases, but increases as the probability of conformance with high effort declines or as the agent's cost of high effort increases. Small changes in several of the parameter values (agent's outside option, agent's cost of high/low effort, principal value for high/low effort, and principal's outside options if the contract was not extended or if the agent rejects the contract) result in the principal not offering a contract.Incentive Contact, Functional Characteristic, Wheat, Principal-Agent, Crop Production/Industries,

MARKETING MECHANISMS IN GM GRAINS AND OILSEEDS

A number of challenges exist for genetically modified (GM) crop development at the production level. Contract strategies can resolve these challenges. Contracts can be designed to induce legal adoption of GM wheat by varying technology fees, violation detection, and penalties. The primary objective of this research is to analyze contracting strategies to determine terms to minimize technology agreement violation and to induce legal adoption of GM wheat. A simulation model of a crop budget for Hard Red Spring wheat was developed. Results illustrate that contracts can be designed to induce desired behavior. Technology fee, probability of detection, and the level of non-GM premium were the most notable factors influencing adoption decisions.Producer Decisions, Risk, Genetically Modified, Contract Terms, Wheat, Crop Production/Industries,

Social Identity in Deaf Culture: A Comparison of Ideologies

The emergence of Deaf culture and recent developments in identity research fueled by cultural diversity has ignited exploration of identity development in deaf people. The issue of how individuals go through the process of developing identities related to being deaf is now receiving much attention. Two major theoretical models in the literature, specifically racial identity development models and bicultural/acculturation models are presented and then discussed in terms of how they might apply to deaf people. Subsequently, we describe two separate measures that have been developed to empirically test the application of these models to deaf populations. While research on both measures indicates good psychometric properties, ongoing reconceptualization of social identity models that may explain how deaf people develop identities related to Deaf and hearing societies continues to be necessary. It is hoped that these measures will lead to better understanding of the relationship between aspects of identity and healthy psychological adjustment in deaf people

Comment on "Plasma ionization by annularly bounded helicon waves" [Phys . Plasmas 13, 063501 (2006)]

The neoclassical calculation of the helicon wave theory contains a fundamental flaw. Use is made of a proportional relationship between the magnetic field and its curl to derive the Helmholtz equation describing helicon wave propagation; however, by the fundamental theorem of Stokes, the curl of the magnetic field must be perpendicular to that portion of the field contributing to the local curl. Reexamination of the equations of motion indicates that only electromagnetic waves propagate through a stationary region of constant pressure in a fully ionized, neutral medium.Comment: 7 pages, 1 figure, to be published in Phys. Plasmas, http://link.aip.org/link/?PHPAEN/16/054701/

Effects of Second Implant on Feedlot Gain and Carcass Traits

Two hundred eighteen steers were finished in a total confinement deep-bedded system at the Armstrong Research Farm, Lewis, IA during 2009. All steers were implanted with Synovex-Choice on day 1 and half the steers in each pen were implanted with Synovex-Choice on day 56. All steers were harvested on day 118. The 2nd implant resulted in an immediate and significant improvement in average daily gain. In the 76 day weigh period following reimplantation the group receiving the 2nd implant gained .66 lb/day more than the group not receiving an additional implant. The overall average daily gain of steers implanted once compared to the steers implanted twice was 3.81 vs. 4.10. The 2nd implant group produced significantly heavier carcasses. There were no significant differences in carcass fat cover or ribeye area. The twice implanted steers had a lower percentage low Choice or better (P=.0571) and a greater percentage Select (P=.0555). Implanting a second time resulted in an increase in carcass weights, an almost significant reduction in % Choice but still resulted in a numerical, non-significant increase in carcass value

On the rigidity of a hard sphere glass near random close packing

We study theoretically and numerically the microscopic cause of the mechanical stability of hard sphere glasses near their maximum packing. We show that, after coarse-graining over time, the hard sphere interaction can be described by an effective potential which is exactly logarithmic at the random close packing $\phi_c$. This allows to define normal modes, and to apply recent results valid for elastic networks: mechanical stability is a non-local property of the packing geometry, and is characterized by some length scale $l^*$ which diverges at $\phi_c$ [1, 2]. We compute the scaling of the bulk and shear moduli near $\phi_c$, and speculate on the possible implications of these results for the glass transition.Comment: 7 pages, 4 figures. Figure 4 had a wrong unit in abscissa, which was correcte

Inulin-\u3csup\u3e125\u3c/sup\u3eI-Tyramine, an Improved Residualizing Label for Studies on Sites of Catabolism of Circulating Proteins

Residualizing labels for protein, such as dilactitol-125I-tyramine (125I-DLT) and cellobiitol-125I-tyramine, have been used to identify the tissue and cellular sites of catabolism of long-lived plasma proteins, such as albumin, immunoglobulins, and lipoproteins. The radioactive degradation products formed from labeled proteins are relatively large, hydrophilic, resistant to lysosomal hydrolases, and accumulate in lysosomes in the cells involved in degradation of the carrier protein. However, the gradual loss of the catabolites from cells (t1/2 approximately 2 days) has limited the usefulness of residualizing labels in studies on longer lived proteins. We describe here a higher molecular weight (Mr approximately 5000), more efficient residualizing glycoconjugate label, inulin-125I-tyramine (125I-InTn). Attachment of 125I-InTn had no effect on the plasma half-life or tissue sites of catabolism of asialofetuin, fetuin, or rat serum albumin in the rat. The half-life for hepatic retention of degradation products from 125I-InTn-labeled asialofetuin was 5 days, compared to 2.3 days for 125I-DLT-labeled asialofetuin. The whole body half-lives for radioactivity from 125I-InTn-, 125I-DLT-, and 125I-labeled rat serum albumin were 7.5, 4.3, and 2.2 days, respectively. The tissue distribution of degradation products from 125I-InTn-labeled proteins agreed with results of previous studies using 125I-DLT, except that a greater fraction of total degradation products was recovered in tissues. Kinetic analyses indicated that the average half-life for retention of 125I-InTn degradation products in tissues is approximately 5 days and suggested that in vivo there are both slow and rapid routes for release of degradation products from cells. Overall, these experiments indicate that 125I-InTn should provide greater sensitivity and more accurate quantitative information on the sites of catabolism of long-lived circulating proteins in vivo