This paper focuses on the disadoption of rbST and addresses two key questions related to rbST use and its effects on dairy profitability. First, what are the determinants of the disadoption decision, and do they differ from those of the adoption decision? Second, do the earnings of disadopters...

This study examines the risk management opportunities for fluid milk market participants in the United States through the use of milk futures contracts. We estimate the nature of basis risk from 2002–2011 using modern time-series and econometric techniques. The results of this investigation...

This paper explores federal policies, other than a carbon price, for reducing emissions from the electric power sector. These policies fall into two major categories: policies that encourage the development of non- or low-emitting energy sources, and regulatory policies under existing legal...

This paper uses statistics on agricultural productivity compiled by the U.S. Department of Agriculture's Economic Research Service to test the productivity slowdown hypothesis. The indexes of productivity growth span the years 1948 to 2009. In our analysis, we apply econometric techniques that...

Hausman 'selectively' reviewed the contingent valuation method (CVM) literature in 2012 and failed to find progress in the method during the 18 years since Diamond and Hausman argued that unquantified benefits and costs are preferred to those quantified by CVM. In this manuscript, we provide...

While research establishing the link between high food prices and increased food insecurity in developing countries is robust, similar research about the United States has been lacking. This has been due in part to a lack of suitable price data, but it has also been due to the assumption that...

India and China have the largest farm-household populations in the world—populations that are also among the poorest. Among the many factors that affect farm livelihoods, access to credit has been identified as a significant barrier preventing the escape from poverty. While there has been...