Job satisfaction is an important measure of utility that employees derive from their jobs and is related to various features of the job such as pay, security, intrinsic values of work, working conditions, career growth opportunities, working hours, and the like. This paper analyzes the...

This research evaluates the effects of the key changes that took place in the design of Class III milk pricing within Federal Milk Marketing Orders (FMMOs) on milk price behavior and dairy farm profitability over three milk pricing regimes: Minnesota-Wisconsin price series (1960s – 1995),...

This paper analyzes the geographic distribution of “green energy” sector clustering in the lower 48 United States using recent developments in industry concentration analysis. Evidence suggests that the ten green energy subsectors and the aggregate of the firms comprising the green energy...

The 2002 Farm Bill instituted a first-ever countercyclical milk price support program known as Milk Income Loss Contract (MILC) program. Analyzing variables (cattle numbers, milk price, etc.) using regression analysis, this study found that MILC was statistically significant, but often had...

With cotton output declining by 46 percent from 2005-2008 (from 23.89 M bales in 2005 to 12.8 M bales in 2008), gins are processing less cotton. This paper examines how output size distribution of cotton gins in the U.S. has evolved and the extent to which the developments in the U.S. ethanol...

This manuscript studies the market conduct of the milk manufacturers and retail chains in a Midwestern state in the U.S. Following the menu approach we employ a random coefficient logit demand model to investigate several possible scenarios on the supply side. Demand estimates are obtained using...

During the recent decade the organizations of agricultural producers in the national dairy, potato, egg and mushroom industries implemented various pre-production and production restriction practices with the primary objective of agricultural output price stabilization. The buyers of the...

This paper examines the reference-dependent and labelling effects when consumers make choices about functional foods, and explores how changes in reference points could alter individuals’ preferences. Functional food (Omega 3 milk) and regular food (regular milk) are used as examples to...