This dissertation studies the demand for imported and domestic demand models for meat and livestock. The first essay focuses on the separability between import and domestic meat demand and the performance of static versus dynamic models of consumer behavior. A new dynamic system of demand...

This dissertation comprises three essays analyzing the economic behavior of customers visiting farms with recreational purposes in the United States. The first essay uses the Travel Cost method with data from the 2000 National Survey on Recreation and the Environment to determine and quantify...

Criteria for admission to graduate programs are used by departments and graduate schools to identify characteristics assumed to be associated with “success”. They allow for more uniformity in student ability and preparation so graduate education is more efficient. This study analyzes the...

Many investment decisions of agribusiness firms such as when to invest in an emerging market or whether to expand the capacity of the firm involve irreversible investment and uncertainty about demand, cost or competition. This paper uses an option-value model to examine the factors affecting an...

Few farmers utilize futures and options markets to price their crops despite significant educational efforts. This study seeks to analyze producer hedging behavior within the framework of the overall marketing behavior. Producer marketing behavior is modeled as a simultaneous choice between cash...

This study examined factors that affected the prices of corn and soybean meal and the impact of these prices on market demand and supply for U.S. broilers. An econometric model consisting of four structural equations and one identity was formulated and estimated using quarterly data from 1976 to...

Soybean production in the South has evolved over recent years from conventional soybean production systems (CSPS) in which soybeans are planted after May 1st to early soybean production systems (ESPS) in which soybeans are planted as early as mid-March. The shift was aided by the advent of...

This paper shows that the response of agricultural commodity prices in the U.S. related to fluctuations in oil prices in the international market may differ greatly depending on whether the increase is driven by demand or supply shocks in the crude oil market. In the long-run, around 2-7 percent...

Paper presented at 69th ICAC Meetings, Lubbock, TX, September 2010

Exchange rates have long been thought to have an important impact on the export and importof goods and services, and, thus, exchange rates are expected to influence the price of thoseproducts that are traded. At the same time, energy impacts commodity production in somevery important ways. The...