Hedgers located far from organized commodity exchanges suffer a mismatch between their local prices and exchange prices. Futures and options traded on the exchange may still be valuable to distant hedgers, but only to the extent that basis risk is small. Forward contracting allows hedgers to...

Consumption of lowfat and skim milk has increased substantially over the past decade. This study investigates whether the change is due to price and expenditure effects or to a more fundamental preference change in milk demand. Parametric and nonparametric analytical approaches provide a...

The results of an on-going exploratory study focused on disparities in entrepreneurial activities across 203 Metropolitan Statistical Areas among 18 industries in the US showed that there existed variations in the path of entrepreneurial development among MSAs and different industries. Resource...

We estimate China's rural, urban and overall income distributions using grouped data from 1985-2001. We show how the distributions evolve as well as examine trends in welfare indices. We find the growing rural-urban income gap and increases in inequality within either sector have been equally...

The purpose of this paper is to apply the MARORA model to evaluate the use of on-farm reservoirs and other management practices with respect to economic costs and returns and water use for rice and soybean production. Potential environmental benefits are also discussed.

Coffee is the major export crop in Honduras, but the export price is relatively low. This paper investigates the potential role for a coffee price insurance product - based on the use of the coffee future market - to increasing producer welfare by reducing coffee price risk faced by individual...

We use panel data from Nepal to examine the effect of climate in inducing technology to understand potential agricultural adaptation to climate change in rice and wheat crops. We find different degree of climate-technology interaction in the productivity of two crops.

We develop a conceptual framework that integrates quality of output and transaction costs in the choice of marketing channels. We estimate a reduced-form Tobit model and a semi-reduced logit model using a farm-level cross-sectional dataset to measure the effects of transaction costs in farming...

This paper systematically analyzes the strategic effects of national regulatory decisions on labeling of GM products and identifies the determinants of the non-cooperative Nash equilibrium labeling regimes in a small number of producing countries that compete for access in the world market for...

OLS and 2SLS regressions and cross-sectional county data are used to examine the major determinants of poverty and income inequality in rural counties of West Virginia. The empirical findings confirm the possibility of simultaneity between poverty and income inequality. Poverty is the main...