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Full-Text Articles in Life Sciences
Determining The Accuracy Of Holstein Bull Semen Prices With A Two-Tier Efficiency Model, Loren W. Tauer
Determining The Accuracy Of Holstein Bull Semen Prices With A Two-Tier Efficiency Model, Loren W. Tauer
Journal of Applied Farm Economics
The pricing accuracy of dairy bull semen available for artificial insemination is investigated using a price model cast in terms of a two-tier efficiency model, which allows estimating an overprice and underprice given the net return the bull’s daughter is expected to contribute to the farm based upon the transmittable trait characteristics of a bull. The estimation produces statistically significant coefficients, including the coefficients for the overpricing and underpricing of the semen. The average estimate of overpricing is around 25%, and the average estimate of underpricing is around 33%. As expected, low semen prices tend to be underpriced and high …
Hemp Production Network Effects: Are Producers Tipped Toward Suboptimal Varietal Selection By Their Neighbors?, Tanner Mccarty, Jeffrey Young
Hemp Production Network Effects: Are Producers Tipped Toward Suboptimal Varietal Selection By Their Neighbors?, Tanner Mccarty, Jeffrey Young
Journal of Applied Farm Economics
The 2018 farm bill removed industrial hemp from the Schedule 1 Controlled Substance List. In response, states scrambled to enact hemp legislation. Some hemp flower producers report their hemp fields were cross- pollinated by a neighbor growing a different hemp cultivar. For hemp flower crops, cross- pollination reduces cannabinoid concentration levels within the flower; these concentration levels dictate flower price. We show that in a repeated game, once a sufficiently large percentage of growers decide to plant hemp fiber/seed crops, cross-pollination forces flower growers to convert to fiber/seed to avoid the negative network externality. Over time, a stable, suboptimal Nash …