ENERGY-RELATED INPUT DEMAND BY CROP PRODUCERS

Demand and Price Analysis, Resource /Energy Economics and Policy,

Before tax versus after tax cash flows for feeder pig factories

Cover title.Includes bibliographical references

An Examination of Additively Separable Willingness-To-Pay for Environmental Attributes: Evidence from a Pork Experiment

This paper examines what is the best method for pork producers to market pork products with environmental attributes. The objective is to examine evidence of whether it is beneficial for pork producers to incorporate multiple environmental attributes into a single product or sell multiple products with a single environmental attribute.Environmental Economics and Policy,

ADJUSTMENTS OF MIDWEST GRAIN FARM BUSINESSES IN RESPONSE TO INCREASES IN PETROLEUM ENERGY PRICES

Crop Production/Industries, Resource /Energy Economics and Policy,

INTERPRETING BIDS FROM A VICKREY AUCTION WHEN THERE ARE PUBLIC GOOD ATTRIBUTES

This paper provides a model that allows for interpreting bids in a Vickrey auction when the good has public good attributes. It also examines information obtained from a Vickrey auction, which collected consumer's willingness-to-pay for pork products that had embedded environmental attributes, and applies the new interpretation to the bids.Consumer/Household Economics,

THE POTENTIAL FOR MARKETING PORK PRODUCTS WITH EMBEDDED ENVIRONMENTAL ATTRIBUTES: RESULTS FROM AN EXPERIMENTAL STUDY

Environmental issues such as air and water quality related to livestock production currently receive much attention. Potential methods for environmental improvement range from regulation to market solutions. This study looks at consumer willingness to pay for pork products with embedded environmental attributes. Experimental auctions showed that over one-half of the participants (62%) paid a premium, that did not vary significantly between differing regions of the United States.Environmental Economics and Policy, Livestock Production/Industries, Marketing, Q13, Q25,

Fostering Sustainable Livestock Production: A Tool for Community Economic Development

Livestock.production represents.an important economic development opportunity in many communities. It is a major,-economic activity, providingjobs while converting lower value raw materials such as forages and grains into highenvalue products\u27such as livestock and livestock, products. For many rural communities livestock.production is an importantingredient.for . enhanced econornic activity and yiability.-i For others,livestock productionmay not be a key^ development focus. Communities will need an aggressive approach in.determining,their competitive advantages and areas for development ofsustainable and expanding economic growth. A commonality for all communities.isjthat.sustainability will be needed. Sustainable industries will be built on cornerstones such as economic vitality, impact on quality of life, environmental (waste, odors,•etc.)iimpacts,.and animal and worker welfare and health. All will need consideration when identifying strategies.for a sustainable and. competitive livestock industry . whichis integrated into the community environm

IDENTIFYING THE SET OF SSD-EFFICIENT MIXTURES OF RISKY ALTERNATIVES

Target MOTAD and other direct utility-maximization models provide one way of computing SSD-efficient mixtures. These models are appropriate when the utility function is known and can also be used to identify part of the set of SSD-efficient mixtures even when the utility function is not known. However, they do not always identify all SSD-efficient mixtures. A grid method was proposed by Bawa, Lindenberg, and Rafsky. A third approach, which extends the work of Dybvig and Ross, is presented here. It is illustrated by applying it to data from Anderson, Dillon, and Hardaker.Risk and Uncertainty,

Pork Production Contracts and Food Safety Issues

The pork production industry has been moving toward coordinated efforts where there is an increased linkage between industry participants ranging from input suppliers, to producers, to packers/processors, and the retail or consumer level. Contracts have been used as one of the mechanisms to link the participants. These contracts vary widely, covering such items as production standards or technology that may have food safety associations, inputs to be used in production, market timing, and payments and payment methods, etc. By linking industry participants, hog purchase/production contracts have been used to develop improved organization and flow of products, enhance industry movement toward improved food safety through reduced residues and/or pathogens, develop more uniform products, and spur the movement toward production of leaner pork. In the movement toward leaner pork, the industry has rapidly moved to carcass pricing and lean premiums rather than pricing of the live hog

A TALE OF TWO PREMIUMS- EXAMINING BIDS FROM A MULTIPLE ROUND VICKREY AUCTION WITH DIFFERING INFORMATION SETS

Two definitions of willingness-to-pay derived from a Vickrey auction with multi-product and multiple rounds with different information sets are examined. These definitions are examined in the context of valuing pork products with embedded environmental attributes and we show how information can have adverse effects on a base product of comparison.Consumer/Household Economics,