This paper demonstrates the need to revisit the way a technical change has been incorporated in a crop acreage supply response model. Three different versions of technological change were introduced and compared: no trend, deterministic trend, and stochastic trend. The results confirm the need...

An almost ideal demand system was estimated to examine the impacts of low carbohydrate information on the demand of vegetables in the United States. Analysis was extended to examine the performance of alternative carbohydrate information indices. Results show significant impacts of low...

Simulated crop growth and nonpoint pollution yields under stochastic weather conditions generated farmers' expected net returns and the environmental effects of implementing 'Best Management Practices' (BMPs) under risky and uncertain conditions. Results from varying nitrogen fertilizer and...

The price variability of agricultural commodities reached record levels in 2008, and again more recently in 2010, raising concerns about this increased price volatility would be temporal or structural. The Chinese soybean futures market is the second largest in the world, after the CME group, in...

China adopted a mandatory labeling policy of Genetically Modified (GM) food products in 2002. The strategy of separating trading was intended by Chinese regulators to protect domestic non-GMO production, provide non-GM soybean growers a higher selling price, and facilitate marketing. On December...

Our study provides result using mixed logit model from analyzing of choice experiment survey data to examine college students' attitudes toward genetically modified (GM) breakfast product from U.S. and China. Here we expand on previous research by exploring certain socio-demographic, attitudinal...

This study presents results of cost estimation and efficiency analyses of various size categories of agricultural and nonagricultural commercial banks using the Fourier Flexible (FF) function model. The traditional cost estimation model is expanded in this study with the inclusion of loan...