We estimate a simultaneous bivariate qualitative choice model of Arizona agribusiness firms propensity to trade and visit as a tourist with the cross-border state of Sonora, Mexico. The trade equation is estimated as an ordered probit model with responses of: 1) a firm has not ever traded or...

US crop insurance is subsidized to encourage producers to participate and reduce their risk exposure. However, what has been the impact of these subsidies on insurance demand and crop acres planted? Using a simultaneous system of two equations, we quantify both insurance participation and...

Purpose – Quality traits desired by consumers may not be adequately captured by beef industry standards associated with grid or value‐based pricing alone. Aims to demonstrate this shortcoming by examining strategies of selected companies in North America at the four supply chain levels of...