Price Impacts Associated With The Closing Of Hog Slaughtering Plants, 2017 Iowa State University
Price Impacts Associated With The Closing Of Hog Slaughtering Plants, Marvin Hayenga, Ronald Deiter, Cristobal Montoya
The impact of closing hog slaughtering plants is examined by comparing relative prices in affected local market areas with prices in distant markets before and after a plant closed. The results suggest that market arbitrage usually has been quite effective, with either temporary or insignificant price effects in six case studies.
Member Awareness Of Dairy Cooperative Services In The North Central Region, 2017 Iowa State University
Member Awareness Of Dairy Cooperative Services In The North Central Region, Ronald E. Deiter, Roger A. Dahlgran, David M. Passe
This article reports on member awareness and member evaluation of dairy cooperative services in the North Central Region. Members seem well informed about services provided by only a few cooperatives. Years of cooperative membership, size of a producer's opration, awareness of the service by other members of the cooperative, and member's attitude about the importance of ser- vices are found to have a significant effect on a member's awareness. Contrary to recent allega- tions, members of larger cooperatives are most aware of services. Cooperative service policies seem consistent with member control. Finally it is demonstrated that selective ...
Evaluation Of The Brazilian Agrarian Reform Objective: Agricultural Production Yield Change, 2017 Walden University
Evaluation Of The Brazilian Agrarian Reform Objective: Agricultural Production Yield Change, Tiffany Kwader Harbour
Walden Dissertations and Doctoral Studies
Brazil has an active agrarian reform policy program, publicly organized by the federal government and publicly administered at the state level by the National Institute for Colonization and Agrarian Reform. The objective of the agrarian reform policy program is to retitle unproductive and underproductive rural lands to increase agricultural production and land use. Previous agrarian reform researchers have examined quantities of land redistributed, rural technology developments, and the impact of social movements on land redistribution, but a knowledge gap remains regarding the correlation of agricultural production yields in rural municipalities before and after policy program participation. The State of CearÃ ...
The Value Of Third-Party Certification Of Preconditioning Claims At Iowa Feeder Cattle Auctions, 2016 Iowa State University
The Value Of Third-Party Certification Of Preconditioning Claims At Iowa Feeder Cattle Auctions, Harun Bulut, John Lawrence
After controlling a variety of feeder cattle characteristics and market and sale conditions in Iowa feeder auctions, the price premiums for preconditioning claims (vaccinations and minimum 30 days of weaning) with and without third-party certification (TPC) are estimated as $6.12/cwt and $3.35/cwt, respectively. These premiums differ statistically (p < 0.0001), and their difference exceeds the average participation cost of TPC ($l/cwt). This indicates that TPC is valued in the market to credibly signal preconditioning investment under asymmetric information.
U.S. Consumers’ Valuation Of Quality Attributes In Beef Products, 2016 Economic Policy Analysis
U.S. Consumers’ Valuation Of Quality Attributes In Beef Products, Babatunde O. Abidoye, Harun Bulut, John Lawrence, Brian Mennecke, Anthony M. Townsend
A sample of U.S. consumers were surveyed in a choice based experiment in the Fall of 2005 and Spring 2006 to elicit consumers’ preferences for quality attributes in beef products. Based on the resulting data, a random coefficients logit model is estimated, and consumers’ willingness to pay for these quality attributes in beef products is obtained. The results indicate that consumers have strong valuation for traceability, grass-fed, and U.S. origin attributes in a standard rib-eye steak and are willing to pay a premium for these attributes.
Effects Of Stocking Rate And Corn Gluten Feed Supplementation On Performance Of Young Beef Cows Grazing Winter-Stockpiled Tall Fescue-Red Clover Pasture, R. Driskell, J.R. Russell, Daryl R. Strohbehn, Daniel G. Morrical, Stephen K. Barnhart, John Lawrence
A winter grazing experiment was conducted to evaluate the effects of stocking rate and corn gluten feed supplementation on forage mass and composition and the BW and BCS of bred 2-yr-old cows grazing stockpiled forage during winter. Two 12.2-ha blocks containing Fawn, endophyte-free, tall fescue and red clover were each divided into 4 pastures of 2.53 or 3.54 ha. Hay was harvested from the pastures in June and August of 2003 and 2004, and N was applied at 50.5 kg/ha at the initiation of stockpiling in August. On October 22, 2003, and October 20, 2004 ...
Differences In Prices And Price Risk Across Alternative Marketing Arrangements Used In The Fed Cattle Industry, Mary K. Muth, Yanyan Liu, Stephen R. Koontz, John Lawrence
Information on prices and price risk differences across marketing arrangements aids fed cattle producers in making choices about marketing methods. As part of the congressionally mandated Livestock and Meat Marketing Study, we investigated fed cattle price and price risk differences across marketing arrangements. The analysis uses data representing cattle purchased by 29 large beef packing plants from October 2002 through March 2005. Results indicate that marketing agreements offered the best tradeoff between price level and price risk. Forward contracts had the lowest average yet highly volatile prices. Auction barn prices were higher than other methods but also the most volatile.
Feed Grains And Livestock: Impacts On Meat Supplies And Prices, 2016 Iowa State University
Feed Grains And Livestock: Impacts On Meat Supplies And Prices, John Lawrence, James Mintert, John D. Anderson, David P. Anderson
Agriculture in the United States is undergoing a significant change. Grain, oilseed, and land prices have increased significantly, creating a subsequent increase in the income and wealth of many rural Americans—unless you are in animal agriculture. Feed is the largest single cost item for livestock and poultry production, accounting for 60%– 70% of the total cost in most years. Although energy, labor, and other inputs have increased, feed costs have increased anywhere from 40%–60% (depending on the species) in the last two years. As price takers in competitive markets, animal producers cannot simply pass their higher costs on ...
Fundamental Forces Affecting Livestock Producers, 2016 Iowa State University
Fundamental Forces Affecting Livestock Producers, John Lawrence, James Mintert
In a seminal Harvard Business Review article published in 1979, Michael Porter identified five competitive forces that shape industry competition, all of which feed into rivalry among existing competitors. Porter’s framework has most often been applied to industries producing and marketing differentiated products. Conversely, U.S. livestock and milk production still mostly resembles a commodity market with largely undifferentiated products marketed to a processing sector that, based on the Herfindahl-Herschman Index (HHI)-an industry concentration measure based on market shares that is easily computed and compared across industries- and Department of Justice and Federal Trade Commission definitions, is unconcentrated ...
Elements Of Cattle Feeding Profitability In Midwest Feedlots, 2016 Iowa State University
Elements Of Cattle Feeding Profitability In Midwest Feedlots, John Lawrence, Zhi Wang, Dan Loy
Conventional wisdom and earlier research have concluded that cattle feeding profitability is more determined by feeder and fed cattle prices than by animal performance. This study examined cross-sectional and time-series data from over 1600 pens of cattle in more than 220 feedlots in the upper Midwest where weather and lot conditions are thought to influence feedlot profitability. In addition to input and output prices and animal performance, other factors found to significantly impact cattle feeding profitability were sex, placement weight, facility design, and to a lesser extent placement season.
Creating A Geographically Linked Collective Brand For High-Quality Beef: A Case Study, 2016 Iowa State University
Creating A Geographically Linked Collective Brand For High-Quality Beef: A Case Study, Bruce Babcock, Dermot J. Hayes, John Lawrence, Roxanne L. Clemens
Many farmers who produce high-quality products do not use market mechanisms that would allow them to differentiate their products and take the fullest advantage of price premiums. This paper describes a pilot program to develop and commercialize an origin-based collective brand for very high quality US beef. We hypothesized that, by using specific market mechanisms to differentiate the beef, cattle producers might be able to capture a greater share of price premiums often captured elsewhere in the marketing channel. Specifically, the pilot program analyzed the feasibility of two mechanisms for differentiating and marketing beef: a certification mark and a USDA ...
Economic Evaluation Of New Technologies For Pork Producers: Examples Of All-In All-Out And Segregated Early Weaning, John Lawrence
Objective: To describe a method to evaluate both the profitability and feasibility of potential investments in a pork-raising enterprise.
Design and procedure: Formulas are given to allow an economic analysis addressing both the feasibility and profitability of a project. Data from a hypothetical farm considering whether to adopt an all-in–all-out and a segregated early weaning scheme are used as examples to illustrate the formulas.
Implications: When considering whether to adopt a new technology, it is important to first calculate both the profitability and feasibility of the investment
Hog Marketing Practices And Competition Questions, 2016 Iowa State University
Hog Marketing Practices And Competition Questions, John Lawrence
Hog production and marketing practices in the U.S. pork industry have changed dramatically over the past two decades. In the early 1990s, nearly 90% of hogs were purchased in the spot market through auctions, dealers or directly by packers. By early 2010, the percent of spot market hogs had fallen to 5-7%. Approximately 25% of hogs are owned and processed by packers in their own plants and 70% of hogs are traded between seller and buyer through marketing contracts. The contracts vary in duration and specification but are similar in that the transaction price is derived by a formula ...
Search And Active Learning With Correlated Information: Empirical Evidence From Mid-Atlantic Clam Fishermen, 2016 Iowa State University
Search And Active Learning With Correlated Information: Empirical Evidence From Mid-Atlantic Clam Fishermen, Philippe Marcoul, Quinn Weninger
This paper examines search with active learning and correlated information. We first develop a simple model to show how correlation affects the decision to acquire information. A unique data set on fishing site choice by mid-Atlantic clam fishermen is used to test the model predictions. Results find that clam fishermen search new sites when the catch at familiar sites declines, i.e., when the opportunity cost of gathering information is low, and also when catch at familiar sites is on the rise. Search following a catch decline occurs at spatially distant sites whereas search following a catch increase occurs at ...
Fisheries Management With Stock Growth Uncertainty And Costly Capital Adjustment, 2016 Iowa State University
Fisheries Management With Stock Growth Uncertainty And Costly Capital Adjustment, Rajesh Singh, Quinn Weninger, Matthew Doyle
We develop a dynamic model of a fishery which simultaneously incorporates random stock growth and costly capital adjustment. Numerical techniques are used to solve for the resource-rent-maximizing harvest and capital investment policies. Capital rigidities bring diminishing marginal returns to the current period harvest, and introduce an incentive to smooth the catch over time. With density dependent stock growth, however, catch smoothing increases stock variability resulting in reduced average yields. The optimal management policy balances the catch smoothing benefits against yield loss. We calibrate the model to the Alaskan pacific halibut fishery to demonstrate the main insights.
Chinese Consumer Demand For Animal Products And Implications For U.S. Pork And Poultry Exports, 2016 University of Vermont
Chinese Consumer Demand For Animal Products And Implications For U.S. Pork And Poultry Exports, Qingbin Wang, Frank Fuller, Dermot J. Hayes, Catherine Halbrendt
Dermot J. Hayes
This paper examines Chinese consumer preference for major animal products and assesses the potential impacts of a reduction in China’s import tariff on its pork and poultry demand and net import. Our analysis suggests that China’s demand for animal products will continue to grow as income increases. Using a trade model, results of our scenario analysis indicate that a reduction in China’s import tariffs will significantly increase its net pork and poultry imports and the U.S. will capture most of the increases. Nevertheless, the impact on the market price in China and the U.S. is ...
Gis-Based Environmental And Economic Analysis Of Integrated Crop-Livestock Production Systems In Southern Iowa, 2016 Iowa State University
Gis-Based Environmental And Economic Analysis Of Integrated Crop-Livestock Production Systems In Southern Iowa, U. Sunday Tim, Robert W. Jolly, Daniel Otto
U. Sunday Tim
Crop and livestock production are important economic components for many rural com munities. In 1992, Iowa led the nation in corn and hog production, and ranked second, third, seventh, and eighth, respectively in soybean, cattle and calves, poultry, and dairy cow pro duction. Livestock and livestock products generated over 64% of the state's total cash farm receipts during 1992—more than $6.5 billion sales at the farm level.
Economic Analysis Of Variable Rate Management For Corn And Soybean Systems, 2016 Iowa State University
Economic Analysis Of Variable Rate Management For Corn And Soybean Systems, William D. Batchelor, Bruce A. Babcock, Alfred M. Blackmer, Richard M. Cruse, Thomas S. Colvin, Ramesh S. Kanwar, U. Sunday Tim
U. Sunday Tim
What is the potential payoff for farmers moving from traditional whole-field management or integrated crop management to precision farming? Using computer models, the investigators sought to analyze how inputs can be applied at optimal rates variably across a field in order to match inputs with crop needs. Over the long term, only modest increases were shown in gross returns from these practices. However, gross returns for individual years can be substantial.
Energy Production With Biomass: What Are The Prospects?, 2016 Iowa State University
Energy Production With Biomass: What Are The Prospects?, Paul W. Gallagher
The advantages and limitations of the U.S. ethanol industry have both become apparent during the current period of high petroleum prices. One advantage is that ethanol is cost-reducing as a gasoline additive and as a gasoline replacement using E85 (motor fuel blends of 85 percent ethanol and just 15 percent gasoline). However, corn supply limits ethanol's role in energy markets; ethanol-based corn demand will surpass exports when the 7.5 billion gallon Renewable Fuel Standard is fully implemented; and even if the Midwest were to secede from The Union, the entire Midwestern corn crop could only supply two-thirds ...
Quality Differences And Price Responsiveness Of Wheat Class Demands, 2016 North Dakota State University
Quality Differences And Price Responsiveness Of Wheat Class Demands, William W. Wilson, Paul Gallagher
Price responsiveness and preferences for wheat classes are measured using a Case function specification. Results indicate there have been numerous changes in market shares of wheat classes from different exporters in specific markets. In general, quality differentials are important in some international markets; in others, relative prices are more important in determining market