Agricultural Economics Commons^™

Three Essays On Food Safety Regulations And International Trade Of Agricultural Products, Jun Ho Seok

Theses and Dissertations--Agricultural Economics

This dissertation investigates food safety regulations and international trade of agricultural products dividing into three aspects: the signalling effect from U.S. strict food safety regulations on U.S. vegetable exports, political determinants of sanitary and photosanitary non-tariff barriers, and the impact of trade barriers on employment in developing countries. In chapter 2, we investigate the impact of high U.S. maximum residue limit (MRL) standards on U.S vegetable exports to 102 countries utilizing the hierarchical model. MRL, which is one of non-tariff barriers with respect to food safety, is applied to home and foreign countries at the same time. Thus, firms in …

Performance Of The Producer Accumulator In Corn And Soybean Commodity Markets, Chad Te Slaa

Electronic Theses and Dissertations

This research quantifies risk reduction and performance of the producer accumulator contract in corn and soybean markets. To quantify performance, we use three alternative theoretical pricing models to estimate historical producer accumulator contract specifications in corn and soybean markets. We then compare the performance of the producer accumulator to eight alternative agricultural marketing strategy portfolios that are also used in new generation grain contracts. The performance measures we compare are: average bushel price that would be received by the producer, daily portfolio risk, and the Sharpe ratio. The period we examine performance was between 2008 and 2017. We investigate performance …

Encouraging Organic Agriculture: The Effects Of Conversion Subsidies, Sarah Adams Inkoom

Electronic Theses and Dissertations

This thesis examines the importance of conversional subsidies in accounting for an increase in organic acreage in the 12 North-Central States in the United States. Monthly time series data that spans from January 2002 to December 2014 was used in the analysis. Empirical evidence suggests that increase in organic acreage is due in part to the availability of conversion subsidies. Without government assistance, most small-scale farmers are not sufficiently motivated to switch to organic production due to the high initial costs involved in transitioning. Further, increased institutional support could facilitate organic adoption and its absence is detrimental to increasing the …

Factors Affecting Feedlots' Decisions On Cattle Marketing Options: A National Study, Charlotte Owusu-Smart

Electronic Theses and Dissertations

This thesis investigates the economic implication of changing slaughter volume patterns across the cash and contract markets in the US cattle industry. Weekly time series data that spans from November 2002 to December 2015 was used in the analysis. Empirical evidence suggests that Mandatory Price Reporting (MPR) played an important role in changing slaughter volumes across the cash and contract markets. Additionally, price of feeder cattle, cattle quality characteristics (Choice-Select spread and the percentage of animals grading choice or better) among others influence feedlots’ decision to use a particular marketing arrangement.

Heterogeneous Nitrogen Losses: Cost-Effectiveness Analysis Of Changes In Management Across South Dakota, Archibold Quaye

Electronic Theses and Dissertations

The loss of nitrogen fertilizer into the atmosphere and waterways is of increasing concern for citizens and policy makers. This is particularly relevant for hypoxia in rivers, lakes, and oceans, but also relevant for policy makers in reducing the increasing concentration of greenhouse gases (GHG) in the atmosphere. GHGs trap heat in the atmosphere and include: carbon dioxide, methane, nitrous oxide and fluorinated gases. Overall, the estimated contribution from the agricultural sector to GHG emissions was 9% in 2013 (EPA, 2013). Further, the addition of nitrogen to the soil through the use of synthetic fertilizers is a main contributor to …

Getting To Know Your Yield Response Better Through Whole-Field Randomized Experiments, Taro Mieno, David Bullock

Cornhusker Economics

Six researchers at the University of Nebraska- Lincoln are working on the USDA-NIFA-funded Data Intensive Farm Management (DIFM) project. DIFM is based at the University of Illinois, and also involves the Universities of Kentucky, Massachusetts, Maryland, and Illinois State. The overarching goal of the project is to collect production data after conducting large-scale, on-farm randomized input use field trials, and then using the information to inform growers of optimal input use practices to enhance their profits. DIFM researchers hope to find a win-win situation in which more efficient crop nutrient management both increases farm profits and water quality in the …

More Than Food: An Analysis Of Multidimensional Relationships In Our Food System, Jessica Erin Newnan

Honors Theses and Capstones

Food is an integral part of everyday life for human beings, thus meriting particular attention from research and education. Looking further in depth at the factors that influence food, it becomes apparent that this is a complex topic that is related to several systems within the constructs of society. Here, the food system is approached with the understanding that several systems influence food consumption options and decisions including the agricultural, economic, education, energy, health, and political systems. To identify the relationships more closely, a three-dimensional model was built to represent the food system and depict several key factors, their relationships, …

A Note On The Implications Of Brexit, E. Wesley F. Peterson, Marianna Khachaturyan

Cornhusker Economics

On June 23, 2016, the citizens of the United Kingdom (UK) voted by a narrow margin to withdraw from the European Union (EU) and on October 2, 2016, the recently chosen Prime Minister, Theresa May, announced that her government would invoke Article 50 of the Lisbon Treaty by the end of March 2017 triggering the process of exiting the EU. The purpose of this note is to review the history of the EU and the procedures a country has to follow to withdraw from it. The implications of the British exit, commonly referred to as “Brexit,” for US-European trade and …

Downstream Pollution 2: Does Framing Affect Genders Differently?, Marianna Khachaturyan, Natalia Czap, Gary D. Lynne

Cornhusker Economics

About a year ago we published the article “Downstream Pollution: Do Gender and Emotion Matter” (Cornhusker Economics, September 23, 2015) reporting the gender effects with respect to expressing positive and negative emotions in the downstream pollution game. We found that expressing positive emotions does not result in higher levels of conservation and, thus, does not significantly affect the quality of downstream water regardless of the gender of the polluter. At the same time, expressing negative emotions was more effective in increasing conservation and achieving cleaner water downstream. Notably, in contrast to our expectations, men responded to negative emotions with a …

Mergers And Acquisitions In Food And Agribusiness: Returns, Drivers, And Long Run Performance, Josiah M. Ringelberg

Open Access Theses

Food and agribusiness in the U.S is a dynamic and ever changing business. The industry has seen booms and busts, considerable consolidation, and continued globalization in the past few decades. Businesses operating within its sectors have had to demonstrate flexibility and adaptability as the industry’s landscape consolidates at the consumer, supplier, and producer level. One strategy companies have used to grow and position themselves throughout years of industry consolidation has been merger and acquisition (M&A) transactions.

During the eleven years from 1985 and 1995, the food industry was listed in the top 10 M&A most active industries ten times. It …

The Labor Market Consequences Of Endogenous Low-Skill Migration With A Market-Based Immigration Policy, German A. Marquez Alcala

Open Access Theses

The undocumented migration of Mexican nationals to the U.S. is largely influenced by labor demand in low-skill sectors. The legal migration channels available to Mexican nationals with little education are based on family petitions and subject to visa quotas which are dwarfed by the demand for entry to the United States; visa approval can take upwards of 20 years for a Mexican national with little education and few resources. Thus, undocumented immigration is a more responsive unskilled labor distribution mechanism than the existing quota-based immigration policy. However, the restrictive legal migration channels and increased costs of undocumented migration are stifling …

Current Situation Of Agricultural Trade: What Effects Does It Have On Food Security In Africa?, Ismaelline Eba Nguema

International Journal of African Development

The history of food policy in Africa started with the beginning of independence with the adoption of the strategy based on the planned development model. However, the financial and administrative planning requirements were felt quickly. By the early 80s, the debt crisis led African economies to abandon the policy of self-sufficiency and to adopt a so-called liberal agro-food strategy. In this context, food security based on external trade and its requirements became integral parts of structural adjustment programs. Thus, Africa took a stand before the rest of the world in the controlling of extraversion. Despite mixed results, in January 1995, …

Complex Effects Of Value-Added Livestock Ventures, Matthew A. Diersen

Economics Commentator (1972- 2016)

Value-added agriculture ventures are generally touted as being positive for a region’s economy. A product formerly shipped elsewhere may now be processed or modified locally or regionally, providing additional employment and related economic activity. Ethanol production, for example, disrupts the pattern of sending corn out of a region, but usually occurs where corn production is already prevalent. Consider, instead, the implications of a new livestock production facility. In this article, observations are made at the state and county levels related to livestock ventures. Kingsbury County is examined for potential effects on the production agriculture (or farming) sector. A livestock venture …

Behavioral Determinants Of Biofortified Food Acceptance: The Case Of Orange-Fleshed Sweet Potato In Ghana, Chinonso E. Etumnu

Master's Theses

Biofortified foods are being introduced in sub-Saharan Africa as an important strategy to help address micronutrient malnutrition. However, there has been little research on factors that could play decisive roles in their successful introduction. This paper investigates the determinants of consumer acceptance of biofortified orange-fleshed sweet potato (OFSP) using data from a choice experiment conducted in Ghana. I find that OFSP is preferred to traditional white-fleshed and yellow-fleshed sweet potatoes as indicated by consumers' marginal willingness to pay for the three varieties. I also find that respondents' socio-economic characteristics do not have a significant effect on consumer acceptance of OFSP. …

Spread Trading In Corn Futures Market, Ryan D. Napier

Graduate Theses and Dissertations

The non-linear relationship between old crop – new crop year spreads in corn futures market and stock-to-use (S-U) ratios published by the United States Department of Agriculture is analyzed. Using a non-linear logarithmic smooth transition regression (LSTR) model, we capture asymmetric market behaviors in high and low S-U regimes. Capturing this relationship and understanding the non-linear aspects of the relationship is of interest of grain merchandizers and speculators in the market. A spread trading strategy is simulated for the sample period, January 1985 through April 2015, to determine if the non-linear relationship is a profitable arbitrage opportunity in the market.

Entrepreneurs' Perceived Factors Of Success And Barriers-To-Entry For Small Business And Farm Operations In Rural Paraguay, Braden J. Jensen

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Both agriculture and nonagriculture activities are important for Paraguay's economy and its rural development plan. Ensuring opportunity for successful enterprise creation and expansion will facilitate new business entrance, while also growing rural economies. Past research has identified many factors that contribute highly to business and farm operation success, though little information exists about the perceptions of would-be entrepreneurs.

This study analyzes perceptions and characteristics of young, would-be entrepreneurs and agriculture producers in rural Paraguay to better understand their views of business/farm success and hurdle factors. Results suggest that increased experience, education and business exposure will decrease perceptions of many barrier …

The Challenge Of Adverse Selection To Domestic Seafood Markets In Vietnam: Assessing Consumer Demand And Supply-Side Policy Options, Eliot Martin

Independent Study Project (ISP) Collection

The Vietnamese seafood industry has grown rapidly over the past few decades, largely rallying behind huge foreign demand. Institutions surrounding the production and processing of seafood for export have supported efforts to implement reliable regulations and eco-label certifications in line with demand for safe, environmentally friendly, and otherwise high quality products. No comparable efforts exist in the domestic market. Adverse selection is identified as the core problem with the lack of higher end goods on the domestic market, resulting from asymmetric information between producers and consumers, as well as moral hazard between actors in the supply chain. This study finds …

The Real Footprint Of Electric Vehicles, And What That Could Mean For Our Future, Krista Brown

Journal of Environmental and Resource Economics at Colby

This paper looks at the impact of electric vehicles on CO2 emissions specifically based on the type of electricity used in each New England state analyzed. The research looks at the question of whether or not emissions will in fact be lowered as electric cars start to take the majority of vehicles used instead of the conventional cars that take up a much larger percent of the motor vehicles used today. Taking into account the use of electricity and how many sources of electricity also release a substantial amount of emissions, we see how valid the public opinion of electric …

The Effect Of The Deer Population On The Number Of Car Accidents, Timothy J. Hallock Jr

Journal of Environmental and Resource Economics at Colby

This paper examines the relationship between the deer population and the number of car accidents in New York State from 2002-2012. Data collected includes information on the amount of deer hunted, the number of car accidents, and the number of hunting permits issued. This paper also involves a county level analysis within New York State of 56 counties from 2007 - 2012. An important part of analysis of this paper is the examination of the Buck population vs. the Doe population on the number of car accidents. This is an important study because of its possible policy implications regarding the …

The Effect Of Information On Avoidance Behavior And Bicycle Transportation: A Study Of “Spare The Air” And Bay Area Bikeshare, Paige W. Whistler

Journal of Environmental and Resource Economics at Colby

This paper seeks to address the effect of “Spare the Air” pollution control alerts in the San Francisco Bay Area in California on the use of Bay Area BikeShare as a form of transportation. By observing the daily alerts on the duration of rides using BikeShare, this paper observes if STA ozone alerts are effective in changing human behavior. The results show that only as a subscriber to the BikeShare program and on an alert day does duration decrease whereas customers regardless of if it is an alert day will ride more often and at longer distances. The results contradict …

Socioeconomic Attributes’ Relationship To Green Commercial Office Buildings, Tianyang Zhou

Journal of Environmental and Resource Economics at Colby

This paper examines the relationship between the socioeconomic attributes of a state and its green commercial office space adaptation. I hypothesize that a state with high socioeconomic status will have a high green building adoption. Additionally, the high socioeconomic status states may be more likely to invest in green commercial buildings with higher LEED certification levels, and various types of LEED commericial office projects are affected by the socoeconomic attributes differently.

Do Peers Get Punished: Stock Market Effect Of Bp Oil Spill On Peers, Yuga Koda

Journal of Environmental and Resource Economics at Colby

This paper examines the stock market reaction to the British Petroleum oil spill on April 20, 2010. This event study looks at different sectors that may be affected by the oil spill. It finds that different industries do not have significant abnormal returns, with two exceptions. First, utilities companies have a very small positive abnormal return for a short period of time after the incident. Second, when only looking at BP's direct competitors, there is a statistically significant negative abnormal return, implying that BP's competitors are punished for BP's mishap.

Media Effects On Solar Panel Installations Across 20 States, Casey Romeo

Journal of Environmental and Resource Economics at Colby

This paper looks at the relationship between media coverage of solar power and the solar panel installation at a state level. Specifically, it aims to find if more newspaper articles cause more households to adopt solar energy. Use data from 20 states from 2009 to 2014. I find that there is a modest, yet positive and statistically significant relationship between newspaper articles and installations, which suggests that the media does influence the decision to install solar panels. There is possible endogeneity between these two variables. Disentangling this endogeneity is beyond the scope of this research and would be a topic …

Stock Market Reactions To The Iarc Announcement Linking Red Meat And Processed Meat To Cancer, Scott B. Lehman

Journal of Environmental and Resource Economics at Colby

This study investigates how food companies were affected by the International Agency for Research on Cancer’s report that linked processed meat and red meat consumption to increased risk of cancer. The results indicate that neither fast food companies nor meat producers were greatly affected by the announcement in the days immediately following the release.

Who Wants The Right To Know? An Analysis Of Gmo-Labeling In California, Sylvia M. Xu

Journal of Environmental and Resource Economics at Colby

There are many studies that have been done to examine what types of voting behavior or patterns are present when voting for environmental ballot measures. This paper examines what characteristics of people are likely to cause them to support Proposition 37 in California, an initiative that, if passed, would require GMO-labeling on all genetically modified foods. Using voting data at a zip code level, I use OLS regression to identify specifically what type of political party, education, occupation, household status, and income levels are more likely to support the bill. I also run weighted regressions by population and number of …

Invited Introduction To Jerec, Matthew Kotchen

Journal of Environmental and Resource Economics at Colby

No abstract provided.

Welcome By The Editor, Nathan W. Chan

Journal of Environmental and Resource Economics at Colby

No abstract provided.

Agricultural Policy Reform: An Argument For A Soil Erosion Tax, Alex M. Ingulsrud

All College Thesis Program, 2016-2019

The purpose of this research is to examine the history of soil erosion and US agricultural policy in order to show why a soil erosion tax would be a good policy. Part A of this essay focuses on the dust bowl as an archetype for modern agriculture and ecological limits. Historical lessons are drawn from the dust bowl that illustrate why a soil erosion tax would be more practical than past policies for agricultural policy to coerce farmers into implement soil conversation practices. Part B of this essay examines the current dilemma of soil erosion and agricultural policy, why a …

The Effect Of Soil Erosion On Children’S Calorie Intake Among Corn-Producing Households, Davao Region, Philippines, Pedro A. Alviola Iv, Jon Marx P. Sarmiento, Nikko L. Laorden, Nilo B. Oponda

Journal of Economics, Management and Agricultural Development

Soil erosion is a constant challenge to farm productivity and profitability. However, extending the effect to food expenditure and children’s nutrition is yet to be explored. In this research, an attempt was made to establish the path linking soil erosion to children’s calorie intake levels. Using the geo-coordinates of Mindanao soil erosion areas from the Department of Agriculture-Bureau of Agricultural Research (DA-BAR), Geographic Information System (GIS) was used to identify the research sites for corn producing households in Davao region. A total of 125 samples were analyzed. A 24-hour food-frequency recall survey was conducted and conversion of food consumption to …

The Effect Of Soil Erosion On Children’S Calorie Intake Among Corn-Producing Households, Davao Region, Philippines, Jon Marx P. Sarmiento, Nikko L. Laorden, Nilo B. Oponda

Journal of Economics, Management and Agricultural Development

Soil erosion is a constant challenge to farm productivity and profitability. However, extending the effect to food expenditure and children’s nutrition is yet to be explored. In this research, an attempt was made to establish the path linking soil erosion to children’s calorie intake levels. Using the geo-coordinates of Mindanao soil erosion areas from the Department of Agriculture-Bureau of Agricultural Research (DA-BAR), Geographic Information System (GIS) was used to identify the research sites for corn producing households in Davao region. A total of 125 samples were analyzed. A 24-hour foodfrequency recall survey was conducted and conversion of food consumption to …