In this analysis we compare the total expected government outlays and distribution of benefits under newly proposed dairy margin insurance programs to those under existing counter-cyclical payment programs. We combine simulation and structural modeling techniques to forecast milk price and dairy...

This paper presents a dynamic form of the almost ideal demand system (AIDS). The static AIDS model was employed to determine long-run equilibrium model and represents the short-run dynamics by an error correction mechanism. This estimation procedure is applied to estimate three kinds of popular...

Does participation in livestock markets improve the welfare levels of smallholder farmers in Zambia? Are there any biases in the distribution of benefits between poor and better off households? To address these questions, we employ propensity score matching and decomposition techniques on...

This paper demonstrates that EU-27 meat exports underwent structural changes following the discovery of bovine spongiform encephalopathy (BSE) in the United States (2003) and highly pathogenic avian influenza (HPAI) outbreaks in the European Union (2006). The two diseases caused short-term...

The impact of the March, 2012 LFTB media event on beef prices was estimated by using the Relative Price of a Substitute Good method applied to 50% and 90% lean beef trim and cull cow prices. Stationarity tests conclude both of the relative prices were cointegrated prior to the LFTB event....