The discovery of StarLink corn in U.S. food products caused considerable disruption in corn markets in 2000 and 2001. Segregation costs were incurred by the U.S. grain-handling system in order to ensure that domestic and export sales of food corn and export sales of non-food corn to Japan meet...

The risk associated with citrus production has been especially evident in the past decade. During the 1980s, Florida citrus producers have seen major freezes and dramatic price variation. Because one way to account for risk in the investment decision is to adjust the discount rate, this study...

The degree of vertical integration in the U.S. sugar industry between raw-sugar processing and sugar refining cannot be explained using theories of vertical integration based only on transaction costs. We graphically decompose the economic rents accruing to each level participant in the...

This study identifies factors affecting the adoption of a direct marketing strategy (DMS) by farmers and its impact on the gross sales of farm operations in the United States. The authors use a double-hurdle model and the 2002 Agricultural Resource Management Survey to evaluate empirically the...