Hedging effectiveness is the proportion of price risk removed through hedging. Empiricalhedging studies typically estimate a set of risk minimizing hedge ratios, estimate the hedgingeffectiveness statistic, apply the estimated hedge ratios to a second group of data, and examinethe robustness of...

A Rotterdam demand model is used to detect evidence of structural change in beef, pork, and chicken demands. The demand model is partially inverted prior to estimation to account for meat supply fixity. Estimation uses a likelihood maximization routine applied to 1950 through 1985 annual data....

Hedging effectiveness is the proportion of price risk removed through hedging. Empirical hedging studies typically estimate a set of risk minimizing hedge ratios, estimate the hedging effectiveness statistic, apply the estimated hedge ratios to a second group of data, and examine the robustness...

Thoroughbred broodmares are the foundation of a successful racing operation. This study estimated the impact of breeding, racing, genetic, and market characteristics on broodmare auction prices. Data represent 298 broodmares in foal that were sold in Keeneland's 2005 sale. Prices were most...

Thoroughbred broodmares are the foundation of a successful racing operation. This study estimated the impact of breeding, racing, genetic, and market characteristics on broodmare auction prices. Data represent 298 broodmares in foal that were sold in Keeneland's 2005 sale. Prices were most...

The economics of an innovative long stem rose production system are examined as a specialized perpetual production system as well as an enterprise integrated with other typical greenhouse products. Commercial quality cut roses can be grown in a single stem system from cuttings. Economic...

Supplemental class materials links for the Debertin books available through ageconsearch.

Forward formula pricing in wholesale red meats markets cause transactions quantities and prices to be determined at different times. Use of purchase limits in meat retailing is symptomatic of disequilibrium marketing. Price analysis on specific cuts indicates short-run disequilibrium but...

This paper compares domestic dairy policies In both the United States (US) and the European Community (EC) and examines the Impact of these policies on each respective dairy Industry in order to explore domestic policy Interdependence. The EC and the US have Similar goals of improving farm...

The objective of this paper is to examine the responsiveness to price incentives of petroleum exploration, the generation of proven reserves and the production out of reserves in the United States. First, a theoretical framework of oil extraction and supply is developed. Next, an econometric...