We empirically address the implications of biofuel policy regarding major grains, to the subsequent evolution of the markets for calories from the three major grains, maize, wheat and rice. The implied market variables, namely, market price, consumption, and stocks, using a structurally...

Although per capita fluid milk consumption in the United States has been declining, production and consumption of manufactured dairy products are on the rise. Growth in the Greek-style yogurt market can be attributed to growth in production and consumption of manufactured dairy products. Rapid...

One prominent feature of the US biofuels sector is its reliance on mandates to enforce use. The performance of this policy tool has been mixed, with corn-based ethanol production successfully meeting targets but cellulosic ethanol falling well short of them. A crucial difference in this setting...

This paper examines the impact of technical efficiency on the optimal exit timing of farms in a stochastic dynamic framework. Starting from a standard real options approach, we incorporate technical efficiency via a production function and derive an optimal price trigger at which farms...

Beef cattle production is responsible for approximately 2.2% of total US GHG production. In some agroecosystems, afforestation has the potential to sequester more carbon than other pasture and rangeland management practices. This research examines the factors, including an incentive, influencing...

The fresh-cut sector is constantly evolving and innovating in order to enhance quality and safety of products, which attributes are generally valued by consumers. Quality and safety are multifaceted attributes because they arise from a wide set of methods/technologies, therefore the knowledge...

This study determines the factors leading to adoption of split-sex and phase feeding by U.S. hog producers and consequently the impact of adoption on operation’s input cost performance. A sample selection model is employed to account for unobservable variables possibly being correlated with...

This paper investigates the presence of career incentives in arm's-length contracts between wine-grape farmers and wineries in Chile. We observe explicit incentives in pay-for-performance provisions that depend on measurable characteristics of grape quality, and we test for the presence of...