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Full-Text Articles in Agribusiness
Estimating The Impacts Of Differing Price-Risk Management Strategies On The Net Income Of Salinas Valley Lettuce Producers: A Stochastic Simulation Approach, Roland Fumasi, Wayne H. Howard, Jay E. Noel
Estimating The Impacts Of Differing Price-Risk Management Strategies On The Net Income Of Salinas Valley Lettuce Producers: A Stochastic Simulation Approach, Roland Fumasi, Wayne H. Howard, Jay E. Noel
Jay E. Noel
While government safety-net programs are used to mitigate the price risk for commodity producers, limited programs exist for specialty crop producers. Specialty crop producers utilize forward contracts to reduce downside price risk. In order to estimate the method of price-risk management, if any, that is preferable to selling at market determined prices, a stochastic simulation model was constructed. The completed simulation model was used to estimate probability distributions for Salinas Valley net income under different pricing scenarios. Probabilities of reaching various net income thresholds were compared. Results indicate that Salinas Valley lettuce producers should maximize profitability by using forward contracts.
Devolution Of Federal Agricultural Policy: The Case Of Specialty Crop Block Grants, Jay E. Noel, David Schweikhardt
Devolution Of Federal Agricultural Policy: The Case Of Specialty Crop Block Grants, Jay E. Noel, David Schweikhardt
Jay E. Noel
There is a lengthy history of devolution of federal policy and programs to the states through the use of grants-in-aid in general and block grants in particular. In the area of agricultural policy, for example, programs for agricultural research and extension have, since their origin, been jointly funded by a system of grants from the federal government to the states. In recent years, the possible consequence of a major devolution of farm policy and programs from the federal government to the states has received much attention.
Impact Of Increased Minimum Wage On Southern San Joaquin Valley Navel Orange Producers, Kallie Donnelly, Jay E. Noel
Impact Of Increased Minimum Wage On Southern San Joaquin Valley Navel Orange Producers, Kallie Donnelly, Jay E. Noel
Jay E. Noel
The California Institute for the Study of Specialty Crops (CISSC) developed a representative farm simulation model for navel producers in the Southern San Joaquin Valley. The farm simulation model simulates a producer’s financial statements for 2005-2014, including the income statement, statement of cash flows, and balance sheet. This model allows model prices and yields to vary over time. The variability is based on historical variation in navel orange prices and yield. This is done to capture the risk and uncertainty associated with variable prices and yields.
A Regional And Industry Analysis Of The Complexity Of The Regulatory Environment Affecting Agricultural Producers In California, Sean P. Hurley, Jay E. Noel
A Regional And Industry Analysis Of The Complexity Of The Regulatory Environment Affecting Agricultural Producers In California, Sean P. Hurley, Jay E. Noel
Jay E. Noel
Regulations have been studied from many different vantage points in the past. Carter, Chalfont, and Goodhue (2002) have studied how a particular regulation will affect a particular crop, while Antle (2000) and Cash and Swoboda (2003) have investigated the effect of a regulation on an industry. Kaplan, Johansson, and Peters (2004) have investigated the marginal costs and benefits of regulations. Attempts have been made by the federal government to obtain the total cost of the regulatory environment (Office of Information and Regulatory Affairs, 1997), while Hurley and Noel (2006) have attempted to develop a baseline cost of regulations for California …
A Multiattribute Utility Analysis Of Technological Choice In The California Wild Rice Industry, Jay E. Noel, James J. Ahern, Jess Errecarte, Kyle Schroeder
A Multiattribute Utility Analysis Of Technological Choice In The California Wild Rice Industry, Jay E. Noel, James J. Ahern, Jess Errecarte, Kyle Schroeder
Jay E. Noel
The California wild rice industry in 2001 is undergoing change. This change is being driven by increased wild rice production, changes in wild rice demand, and buyer concerns relative to product quality and food safety. These changes necessitate the need for the industry to evaluate its operational and marketing strategies. A major concern of the industry is how to meet the on-going changes while remaining profitable. The major emphasis of this study to evaluate two of the technological choices that are available to meet those changes. The technologies are a traditional technology and newer experimental technology that has been conceptualized, …