The increase in energy prices between 2004 and 2007 has several potential consequences for aggregate agriculture in the U.S. We estimate the derived input demand elasticities for energy as well as capital, labor, and materials using the differential supply formulation. Given that the derived...

This paper examines the changes in the farm sector wealth from 1950 through 1999. The study uses Theil's entropy-based measure of inequality of farm equity by ten regions of the U.S. The entropy-measure is then used to decompose U.S. inequality into within-region and between-region differences....

The degree of vertical integration in the U.S. sugar industry between raw sugar processing and sugar refining cannot be explained using theories of vertical integration based on transaction costs (e.g. Williamson). We graphically decompose the economic rents accruing to each level in the...

Farmers and food companies need to assess their production and marketing strategies for nurturing business opportunities that will arise from the simultaneous increase in population and income of Hispanics in the United States. Previous studies on demand for meat products have not received much...

Collaboration and advanced information technology are considered essential for successful supply chain management. The effect of supply chain factors, along with store characteristics, market characteristics, and competitive position are considered upon performance measures for sales...

An economic model illustrating a southern forest landowner's incentive to increase timber harvest in response to the risk of red-cockaded woodpecker colonization and subsequent regulation under the Endangered Species Act is developed. The empirical results show that industrial landownders...

An instrumental variables panal data model was applied to a set of dairy farm financial and production records from the states of New York and Pennsylvania and the province of Quebec. This model allowed unbiased efficiency estimation without the drawbacks of a Fixed Effects specification.

Production contract tournaments induce self-selection among producers. Self-selection for pork differs from broiler production resulting in a predictably different political response by incumbent producers to contract innovation. The higher capital and status of incumbent pork producers than...

Overcapitalization in the U.S. Atlantic Swordfish fishery has led to a proposed limited access system. A bioeconomic programming model was developed to evaluate the propsed program under various assumptions regarding fleet heterogeneity and composition. Results indicate that regulations based on...

It is widely believed that block-rate pricing separates income redistribution from efficiency consideration. We show that social optimum can not be implementable by block-rate pricing. Particularly, block-rate pricing with marginal cost as the highest block induces over production and...