Purpose South Dakota is ranked sixth nationally for corn and ethanol production (EP). The purpose of this paper is to investigate the relationship between corn-EP and corn basis volatility using South Dakota data. Design/methodology/approach A mixed regression modeling approach was adopted to...

A mail survey is used to examine the consistency of alternative risk preference elicitation procedures using five commonly used methods. These elicitation procedures have been used in previous studies to characterise risk preference. Results show little consistency across procedures, supporting...

The effect of smuggling on tax revenue collection and the revenue-maximizing tax rate is an unresolved issue in the smuggling literature. Clandestine and joint-product smuggling models arrive at different conclusions concerning smuggling's effect on tax revenue collection and the...

A stochastic, joint-product model of smuggling is developed, merging the existing smuggling literature with the literature on competitive firm behaviour under uncertainty. The equilibrium and comparative static results of the model reconcile contradictory results found in the earlier literature...

A seven-year comparative study of grid pricing versus average pricing of slaughter cattle was conducted to evaluate carcass quality market signals. The primary objectives of the study are to determine: (1) if market signals sent through the grid pricing system indicate an improvement in the grid...

Weekly grid market share by volume for slaughter steers is compared with slaughter heifers. Summary statistics indicate average grid market share for steers (42%) is higher relative to heifers (33%). The literature indicates that pregnancy and increased dark cutter incidence associated with...

This paper focuses on NAFTA's impact on intra-industry and inter-industry trade in agricultural food products. Bilateral trade among the United States, Canada, and Mexico and their trade with the rest of the world during 1990 and 1995 are investigated. The study shows that U.S. trade patterns...