Stochastic frontier functions were used to assess the impact of a set of policy and scale factors on the efficiency of broiler, layer and dairy farms in Bangladesh and their implications for poverty alleviation.

This note shows how the solution to the promotion problem—the problem of locating the optimal level of advertising in a downstream market—can be motivated simply, diagrammatically, and without the need to resort to complicated mathematical arguments. The optimality condition is for...

The agricultural economics literature, both academic and trade, has discussed theassumed presence of cycles in livestock markets such as cattle and hogs for a very longtime. Since Jarvis (1974), there has been considerable discussion over how these cyclesimpact optimal economic decision making....

We study the difference in the volatility dynamics of CBOT corn, soybeans, and oatsfutures prices across different delivery horizons via the smoothed Bayesian estimatorof Karali, Dorfman, and Thurman (2010). We show that the futures price volatilitiesin these markets are affected by the...

The agricultural economics literature, both academic and trade, has discussed the assumed presence of cycles in livestock markets such as cattle and hogs for a very long time. Since Jarvis (1974), there has been considerable discussion over how these cycles impact optimal economic decision...

Managers of businesses that involve agricultural commodities need price forecasts in order to manage the risk in either the sale or purchase of agricultural commodities. Sometimes the most important forecasting component is simply whether the price will move up or down. Such binary forecasts are...