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Full-Text Articles in Social and Behavioral Sciences
Public Reporting Of Fed Cattle Grid Prices: Policy Reform Consequences, Scott Fausti, Bashir Qasmi, Matthew Diersen
Public Reporting Of Fed Cattle Grid Prices: Policy Reform Consequences, Scott Fausti, Bashir Qasmi, Matthew Diersen
Economics Staff Paper Series
Mandatory livestock price reporting was implemented in April 2001. Empirical evidence indicates a significant change in volatility occurred in publicly reported fed cattle grid premiums and discounts after its implementation. Empirical analysis of grid premiums and discounts across the pre-and post-reform periods indicates that increased transparency is compatible with either an increase or a decrease in price volatility in the post-MPR period. Furthermore, it appears that the public price reporting system for weekly grid premiums and discounts failed to provide an adequate level of transparency prior to the implementation of price reporting reforms. Our methodology extends the literature on the …
Environmental Effects Of Intensification Of Agriculture: Livestock Production And Regulation, Ujjayant N. Chakravorty, Donna K. Fisher, Chieko Umetsu
Environmental Effects Of Intensification Of Agriculture: Livestock Production And Regulation, Ujjayant N. Chakravorty, Donna K. Fisher, Chieko Umetsu
Ujjayant Chakravorty
This article deals with the relationship between industrialization of agriculture and the environment in developing countries. We specifically focus on livestock production and regulation. We develop a simple economic framework to demonstrate the effect of location on intensification of industrial activity in farming, and discuss this issue in the context of urbanization and economic growth in developing countries. Policy implications of the model are discussed in light of the experience of developed countries in regulating livestock pollution and other externalities. We argue that environmental problems from agricultural industrialization in developing countries may pose major challenges. In the case of livestock …