A COMPUTERIZED REMOTE-ACCESS COMMODITY MARKET: TELCOT

Research and Development/Tech Change/Emerging Technologies,

THE IMPLICATIONS OF AN EXPORT TAX ON SECTORAL GROWTH: A CASE IN PAKISTAN

Impacts of an export tax on growth in the cotton and yarn markets were examined. Results of a simulation show that the export tax on raw fiber decreased the rate of growth in the fiber sector by 80%, and also decreased growth in yarn production by 0.7%.Crop Production/Industries, International Relations/Trade,

HEDONIC PRICE ESTIMATION FOR COMMODITIES: AN APPLICATION TO COTTON

A model of hedonic prices – implicit prices of embodied quality attributes – was developed for cotton lint and the relative importance of various quality attributes were estimated with regression analysis from sample data on observed sales of cotton. Results indicated that producer prices were sensitive to variations in fiber length, micronaire, and trash content. Results also revealed differences in relative importance and sensitivity between years.Crop Production/Industries, Demand and Price Analysis,

Annual Report on Cotton Economics Research 2001/02

Crop Production/Industries,

PRODUCER RETURNS FROM COTTON STRENGTH AND UNIFORMITY: AN HEDONIC PRICE APPROACH

Implicit (hedonic) producer prices for fiber strength uniformity were estimated for the southwest U.S. cotton market using seemingly unrelated regression and market sales data from 1983/84 and 1984/85, Fiber strength and length uniformity had significant effects on the price of cotton, but price was less responsive to both attributes than anticipated. Producer prices were most responsive to fiber length and micronaire and least responsive to color and strength. The market at the producer level appears to be making effective price adjustments with respect to factors such as fiber color, trash content, micronaire, fiber length, and location, but strength and length uniformity premiums and discounts are smaller than those paid by end users.Demand and Price Analysis,

TEXAS - OKLAHOMA PRODUCER COTTON MARKET SUMMARY: 2001/2002

The volume of the Texas-Oklahoma spot cotton market analyzed by the Daily Price Estimation System (DPES) for the 2001/02 marketing year increased from 222,283 bales the previous year to 364,267 bales this year. The average price received by producers during the 2001/02 marketing year was 26.8 cents/lb, which is considerably less than the previous year. The 2001 crop was generally of good quality. The average micronaire level was higher in 2001 at 4.41, and the average number of bales having level 1 bark was up in comparison to the 2000 crop. With the exception of strength, price discounts for the 2001 crop decreased for all quality attributes, coupled with a decrease in premiums. In regard to strength, producers did not appear to receive a premium for higher levels of strength while lower levels of strength were discounted more severely than the previous year.Crop Production/Industries,

Texas-Oklahoma Producer Cotton Market Summary: 1997/98

The 1997/98 Texas-Oklahoma producer cotton markets experienced a decrease in the average producer price of almost 5.5 cents/lb. from the previous marketing year. Overall, quality was generally high and differed little from the 1996 crop. The size of the 1997 crop increased significantly, while the amount of cotton available in the spot market increased accordingly, possibly contributing to the fall in prices. With the exception of strength, discounts for the 1997 crop decreased for every quality attribute, while premiums increased for every quality attribute except staple.Crop Production/Industries,

MILL-LEVEL PRICE ESTIMATES FOR U.S. COTTON QUALITY

Replaced with revised version of paper 02/11/04.Demand and Price Analysis,

A MARKOV CHAIN ANALYSIS OF STRUCTURAL CHANGES IN THE TEXAS HIGH PLAINS COTTON GINNING INDUSTRY

Markov chain analysis of changes in the number and size of cotton gin firms in West Texas was conducted assuming stationary and non-stationary transition probabilities. Projections of industry structure were made to 1999 with stationary probability assumptions and six sets of assumed conditions for labor and energy costs and technological change in the non-stationary transition model. Results indicate a continued decline in number of firms, but labor, energy, and technology conditions alter the configuration of the structural changes.Crop Production/Industries,

LESSONS LEARNED FROM THE PHASE-OUT OF THE MFAs: MOVING FROM MANAGED DISTORTION TO MANAGED DISTORTION

Paper presented at 69th ICAC Meetings, Lubbock, TX, September 2010Agricultural and Food Policy, International Relations/Trade,