Agricultural Economics Commons^™

An Analysis Of Factors Impacting Hay Auction Prices And The Potential For Nap To Reduce Alfalfa Revenue Risk, Madeline L. Dant

Theses and Dissertations--Agricultural Economics

Hay auctions have generally been understudied due to their unique market structure. Therefore, the factors that influence the price of hay at auction markets are not well-known. The price of hay at auction markets reflects the various characteristics that differentiate each lot of hay sold. This study is aimed at analyzing the determinants of Central Kentucky hay prices. A hedonic price model is estimated using data collected from a Central Kentucky hay auction. Known hay attributes include forage species, form, bale weight, and nutritive value. An important aspect of this analysis is to determine whether the quality measures of the …

Three Essays In Food Consumption And Health Related Issues, Fuad Mohammed Alagsam

Theses and Dissertations--Agricultural Economics

This dissertation consists of three essays that make contributions to the research on food consumption and health-related issues. Essay I elaborates on how the interactions of consumers’ beliefs and actions influence Food-Away-From-Home (FAFH) consumption and tests whether consumers compensate for the high caloric intake typically associated with FAFH by changing their behaviors during other meals. Essay II studies consumers’ choices related to time allocations for food consumption and tests how consumers’ lifestyles moderate the effect of secondary eating (eating while doing other activities) on obesity. Lastly, Essay III examines intertemporal choices, through which individuals make trade-offs between immediate gratifications and …

The History Of The Federal Milk Marketing System And An Analytical View Of Unique Qualities Effects On Milk Prices In The Southeast, Owen Townsend

Theses and Dissertations--Agricultural Economics

The Southeast Order has been milk deficit for over ten years and because of this milk has to be brought in from other orders to meet processor’s demand. Transportation credits provide processors with help to cover transportation costs to bring outside milk into the order. To help keep Class I utilization and support milk prices, relative to orders in the North, Order 7 has low diversion limits. As milk produced within Order 7 has been on a downward trend, milk brought into the order has not increased as consistently. In 2000 milk pooled from farms within the order made up …

Influence Of Source Credibility On Consumer Acceptance Of Genetically Modified Foods In China, Mingyang Zhang, Chao Chen, Wuyang Hu, Lijun Chen, Jintao Zhan

Agricultural Economics Faculty Publications

This paper examines the reasoning mechanism behind the consumer acceptance of genetically modified foods (GMFs) in China, and investigates influence of source credibility on consumer acceptance of GMFs. Based on the original Persuasion Model—which was developed by Carl Hovland, an American psychologist and pioneer in the study of communication and its effect on attitudes and beliefs—we conducted a survey using multistage sampling from 1167 urban residents, which were proportionally selected from six cities in three economic regions (south, central, and north) in the Jiangsu province through face to face interviews. Mixed-process regression that could correct endogeneity and ordered probit model …

Market Integration And Price Transmission In The World Rice Export Markets, Bo Chen, Sayed H. Saghaian

Agricultural Economics Faculty Publications

This paper investigates market integration and asymmetric price transmission in the world rice export markets. Using monthly rice prices from Thailand, Vietnam, and United States, we employ the Johansen test and estimate the threshold vector error correction model (TVECM). Our main findings are that export prices in the three countries are cointegrated, with Thailand and the United States the price leaders, and that the Vietnamese price adjusts faster to long-run equilibrium when it is above its equilibrium level with Thai and U.S. prices. These results suggest market integration and competition rather than collusion are prevalent in world rice markets. Policy …

Are Consumers Willing To Pay More For Sustainable Products? A Study Of Eco-Labeled Tuna Steak, Guzhen Zhou, Wuyang Hu, Wenchao Huang

Agricultural Economics Faculty Publications

A high demand for seafood leads to overfishing, harms the long-term health of seafood stocks, and threatens environmental sustainability in oceans. Sustainability certification is one of the major sustainability movements and is known as eco-labeling. For instance, in the tuna industry, leading tuna brands have committed to protecting sea turtles by allowing the tracing of the source of their tuna “from catch to can.” This paper relies on an Internet survey on consumers from Kentucky conducted in July 2010. The survey investigates household-level tuna steak (sashimi grade) consumption and examines consumer preferences for eco-labeling (“Certified Turtle Safe” (CTS) in this …

Determining The Value Of Birthrank And Parent Age In Thoroughbred Racehorses, Xiurui Cui

Theses and Dissertations--Agricultural Economics

Thoroughbred racing is referred to as “the sport of Kings”, because historically it was a leisure activity of the upper-class. Thoroughbred breeding on the other hand has transformed from a hobby of the upper-class to a worldwide agricultural industry. With the deep involvement of the royal and rich in the Thoroughbred industry, the auction prices of horses are raised significantly at the top end of the market.

Research in the biological sciences suggests there exits correlations between dam age, foal birthrank, and the racing performance of Thoroughbred horses. This study first investigates how the market values these biological factors and …

Economic Considerations Of Aggressively Treating The Influenza Virus In Equines, Charlotte R. Hansen

Theses and Dissertations--Agricultural Economics

The equine influenza virus is a significant cause of respiratory disease in horses. Even though horses generally recover from this virus, sometimes horses with equine influenza develop secondary bacterial infections which can cause severe pneumonia, thereby increasing recovery times. Owners and managers are faced with the decision of whether to delay preventative treatment in hopes of the horse avoids contracting a secondary bacterial infection (“wait and see”) or aggressively treat the horse with an antibiotic in hopes of avoiding a serious infection (“treat now”). From a decision making standpoint, the economic considerations include explicit treatment costs as well as nonmonetary …

Understanding The Molecular Mechanisms Underlying Rsv1 Mediated Resistance To Smv In Soybean, Mohammed Ali Ahmed Eid

Theses and Dissertations--Plant Pathology

Like humans, viral diseases also affect plants. Of these, viruses belonging to the potyvirus genus are the most prolific. The potyvirus soybean mosaic virus (SMV) is an important pathogen of the crop plant soybean. SMV causes mosaic symptoms (yellow areas alternate with dark green areas on the leaves of the plant) and can affect yield by reducing seed quality. Few cultivars from soybean can resist different SMV strains. To understand soybean defense mechanisms to SMV, I identified soybean proteins that interact with the helper component protease (HC-Pro) of SMV, which also functions as the suppressor of host RNA silencing and …

Characteristics Of United States Seafood Consumers, Suliman Almojel

Theses and Dissertations--Agricultural Economics

In this thesis, I conducted an analysis of the consumption patterns associated with demographic and socio-economic characteristics, using Tobit and double-hurdle models. Data were collected for 11,574 households from the US Bureau of Labor Statistics for the year of 2014. Specific determinants included household size, age, income, gender, education, race, region, marital status, and whether the household lived in a coastal state. The results reveal that seafood expenditures are sequential decisions. Asian racial groups, households headed by married couples, a large number of members in households, higher income households, and households residing in the Atlantic and Gulf Coasts were variables …

2016 – 2017 Kentucky Agricultural Economic Situation And Outlook, Kenneth H. Burdine, Todd D. Davis, Timothy A. Woods, William M. Snell, Lee Meyer, Jeffrey W. Stringer, Bobby Ammerman

Agricultural Situation and Outlook

Topics:

• U.S. Agricultural Economy;
• Kentucky’s Agricultural Economy.

Demand For Pork And Meat In China, Hao Dong

Theses and Dissertations--Agricultural Economics

As the per capita disposable income increases, the demand for meat is boosting in China. Pork, accounting for the largest part of Chinese meat consumption, plays an important role in meat demand in China. This study use data collected from a 2014 survey on Chinese meat consumption; four widely different Chinese cities, Beijing, Changsha, Tianjin and Wuhan are selected to provide a more complete view of Chinese pork and meat demand. We use both OLS model and Tobit model to analyze the effects of consumers' socio-demographic characteristics such as age, gender, income, and education on pork and meat demand. Results …

Spreadsheets For Agricultural Economics, David L. Debertin

Agricultural Economics Textbook Gallery

Available here are spreadsheets made available by Dr. David Debertin.

Values For Recreational Beach Quality In Oahu, Hawaii, Jerrod M. Penn, Wuyang Hu, Linda Cox, Lara Kozloff

Agricultural Economics Faculty Publications

Pristine coastal environments are the key to Hawaii’s worldwide fame and attraction to tourists, yet their economic value remains understudied. This article examines preferences for characteristics associated with beach recreation in Oahu, Hawaii, among residents and tourists. Consideration is given to sand quality, water quality, congestion levels, and swimming safety conditions in the context of a choice experiment. The choice experiment conveys attribute levels almost entirely through pictures, and results suggest that this novel portrayal is well understood by respondents. Excessive congestion and water quality are regarded as the most important beach attributes, specifically the avoidance of poor water quality …

2015–2016 Kentucky Agricultural Economic Situation And Outlook, Kenneth H. Burdine, Todd Davis, Timothy A. Woods, William M. Snell, Lee Meyer, Jeffrey W. Stringer

Agricultural Situation and Outlook

No abstract provided.

Neural Correlates Of Decision-Making Under Ambiguity And Conflict, Helen Pushkarskaya, Michael Smithson, Jane E. Joseph, Christine R. Corbly, Ifat Levy

Agricultural Economics Faculty Publications

HIGHLIGHTS

• We use a simple gambles design in an fMRI study to compare two conditions: ambiguity and conflict.

• Participants were more conflict averse than ambiguity averse.

• Ambiguity aversion did not correlate with conflict aversion.

• Activation in the medial prefrontal cortex correlated with ambiguity level and ambiguity aversion.

• Activation in the ventral striatum correlated with conflict level and conflict aversion.

Studies of decision making under uncertainty generally focus on imprecise information about outcome probabilities (“ambiguity”). It is not clear, however, whether conflicting information about outcome probabilities affects decision making in the same manner as ambiguity does. …

Dzuds, Droughts, And Livestock Mortality In Mongolia, Mukund Palat Rao, Nicole K. Davi, Rosanne D. D'Arrigo, Jerry Skees, Baatarbileg Nachin, Caroline Leland, Bradfield Lyon, Shih-Yu Wang, Oyunsanaa Byambasuren

Agricultural Economics Faculty Publications

Recent incidences of mass livestock mortality, known as dzud, have called into question the sustainability of pastoral nomadic herding, the cornerstone of Mongolian culture. A total of 20 million head of livestock perished in the mortality events of 2000–2002, and 2009–2010. To mitigate the effects of such events on the lives of herders, international agencies such as the World Bank are taking increasing interest in developing tailored market-based solutions like index-insurance. Their ultimate success depends on understanding the historical context and underlying causes of mortality. In this paper we examine mortality in 21 Mongolian aimags (provinces) between 1955 and 2013 …

Wine Company Analysis In “The New World” And “The Old World”, Jiaji Liang

Theses and Dissertations--Agricultural Economics

There is a growing global market for wine. In our research, we mainly examine wine companies from four countries: France, Italy, the U.S. and China. Data used in this analysis comes from the 2010 to 2013 Plimsoll Top 500 report, focusing on wine companies’ financial performance. The primary goal is to identify which factors may have significant influence on the firms’ profitability. Two-way fixed effects panel data analysis indicates that the firm’s shareholders’ funds in total asset have significant and positive effect on companies’ yearly profit. The results suggest that four years could be a reasonable period for most wine …

The Effects Of Economic Conditions On The Sport Horse Industry In Kentucky And Nationally, Elizabeth Lampert

Lewis Honors College Capstone Collection

The horse industry in Kentucky is larger than thoroughbreds and racing. Competing sport horses is an increasingly popular form of riding and showing in the bluegrass and nationwide. Sport horse disciplines include dressage, eventing, and hunter-jumper horses. In Kentucky, sport horse enthusiasts are fortunate enough to be near the Kentucky Horse Park, a park known worldwide for its shows and courses. In 2010, the park hosted the World Equestrian Games, marking the first time that the World Equestrian Games had been held outside of Europe. Focusing mainly on the bluegrass and the nation as a whole, the effects of the …

A Conjoint Analysis Study Of Preferences And Purchasing Behavior Of Potential Adopters Of The Bureau Of Land Management Wild Horses, Omotoyosi O. Adekunle

Theses and Dissertations--Agricultural Economics

This study uses conjoint analysis to examine the preferences of buyers for Bureau of Land Management (BLM) wild horses based on physical attributes of wild horses and individual characteristics of the buyers. Generalized ordered logit models and multinomial logit models are used to study the impact of the buyers’ demographic characteristics such as age, gender, knowledge about wild horse care, and number of wild horses previously adopted on physical attributes of the horses such as color, age, height, training status, temperament, conformation, and unique markings. Using a choice experiment, taken together, these attributes determine buyer’s preferences for a wild horse. …

The Effects Of Food Safety Standards On Trade And Welfare: The Case Of Eu Shrimp Imports, Xiaoqian Li

Theses and Dissertations--Agricultural Economics

This research explores the link between a gravity model and welfare frameworks and then applies the quantitative model system to analyze how trade and welfare is affected by the Minimum Required Performance Limits (MRPL) in the shrimp importing market of European Union.

The quantitative model system consists of two parts: first, this study uses the “phi-ness” gravity model to investigate the trade effects of MRPL on EU shrimp market. The “phi-ness” gravity model partitions the standard variables to avoid biased estimation caused by the correlation between time and country fixed effects and policy variables. The Poisson Pseudo Maximum Likelihood (PPML) …

2014–2015 Agricultural Situation And Outlook, Kevin Heidemann, William M. Snell

Agricultural Situation and Outlook

No abstract provided.

Compost Bedded Pack Barns For Dairy Cattle: Bedding Performance And Mastitis As Compared To Sand Freestalls, Elizabeth A. Eckelkamp

Theses and Dissertations--Animal and Food Sciences

Lameness and mastitis are the two most costly diseases in the dairy industry. Reduction of these diseases through housing and management is beneficial. Compost bedded pack (CBP) and sand freestall barns were compared in a long-term, on-farm study to assess the effect of housing on each disease. Another research objective was to evaluate the effects of ambient weather conditions on moisture and 20 cm internal temperature of CBP. Compost bedded pack moisture, C:N ratio, and internal temperature effects on cleanliness, mastitis, and bedding bacterial counts were also considered. The last research objective was to evaluate the economics of bedding material …

Earthquake Risk In Indonesia: Parametric Contingent Claims For Humanitarian Response And Financial Institution Resiliency, Jason Hartell

Theses and Dissertations--Agricultural Economics

This dissertation explores the use of an index based contingent claims mechanism against earthquake risk in Indonesia. It focuses on time critical financing needs of international humanitarian relief organizations, and on efforts to improve the resiliency of geographically constrained financial institutions whose clientele are exposed to disaster risk. The approach uses measures of ground motion intensity as the basis for the index. The humanitarian response mechanism provides a new way for private sector partners to participate and gain visibility in their support of principled humanitarian funding. Index based contingent claims for local banks are shown to enhance their ability to …

Economics Of Food And Agriculture, David L. Debertin

Agricultural Economics Textbook Gallery

This is a heavily‐revised version of an introductory agricultural economics textbook, Economics of Food and Agriculture, that was originally published by Kendall Hunt in 1990. The material is intended for use as a series of classroom presentations for an introductory agricultural economics course. No mathematics prerequisites other than basic algebra are required.

The Effect Of Direct Payments To Rice Farming Households In Korea, Jaehyung Kim

MPA/MPP/MPFM Capstone Projects

1) Background

Rice farming is a very important agricultural policy issue for the Korean government not only because rice is a staple food for the Korean population but because rice production is also an important source of income for those involved in rice farming. The importance of rice production to the agricultural sector of Korea is indicated by the fact that 49% of Korea’s agricultural land is devoted to rice production. Therefore, Korean agricultural policy has focused on rice production issues as well as the income of farmers involved in rice production.

To support rice farming income, the Korean government …

2012 Kentucky Equine Survey, College Of Agriculture, Food And Environment, University Of Kentucky, Kentucky Agricultural Development Fund, Kentucky Horse Council, Ag Equine Programs, University Of Kentucky

Kentucky Equine Survey

The last thorough equine inventory in Kentucky was undertaken in 1977, leaving the state’s equine industry with 35 years of changes, growth and con­traction that were neither measured nor analyzed.

In response to these needs, in 2011, the University of Kentucky and the Kentucky Horse Council, with support by industry organizations spearheaded by the Kentucky Quarter Horse Association, the Kentucky Thoroughbred Farm Managers’ Club and Kentucky Thoroughbred Association/Kentucky Thoroughbred Owners and Breeders, and initial support from the University of Louisville, succeeded in securing fund­ing for a large-scale, comprehensive equine survey upon which future industry plans could be built. This was …

Researching Market And Supply-Chain Opportunities For Local Foods Systems: Setting Priorities And Identifying Linkages, Dawn Thilmany, David Conner, Kynda R. Curtis, Chyi-Lyi Kathleen Liang, Kranti Mulik, Jeffrey O'Hara, Martha Sullins, Timothy A. Woods

Agricultural Economics Faculty Publications

There is an increasing array of land-grant, nonprofit, and other academic programs intended to support the development of food system enterprises and programs. However, research to track consumers' evolving preferences and behaviors within these systems and to measure the intended policy outcomes of any public investments in these systems is lagging. This research commentary represents a compilation of opinions and insights from those who are interested in exploring research priorities for economic, marketing, and supply-chain aspects of local food systems. The priorities that emerge are framed in the following way: (1) opportunities for increased and more targeted research to help …

Thoroughbred Farm Managers' Willingness-To-Pay For Alternative Deworming Regimens In Horses, Marion Angélique Robert

Theses and Dissertations--Agricultural Economics

Parasite control is important to horse health and horse owners should feel highly concerned about the proper treatment of parasites. In the past 30 years, veterinary science has made important advances in treating parasites and provided new products and strategies to optimize treatment and prevention. However, horse owners and managers have been slow to adopt these new recommendations.

This study investigates why the transition has not occurred as expected. It examines issues related to the decision-making process of horse owners and managers as they relate to deworming strategies. In addition, it investigates current deworming approaches as well as attitudes towards …

The Buzz On Bees, Rebecca Ruiz

Lewis Honors College Capstone Collection

Apis mellifera, more commonly known as the honeybee, plays a pivotal role in the ecosystem and in the survival of the planet. Many do not understand, nor realize, that the honeybee offers a wide array of products and services besides sweet honey. Honeybees have become endangered at a time when their presence is vital and evidence indicates that they can be the means to a more sustainable future for our planet. Particularly focused on in this research are the ideas of honeybees’ essential presence in medical advances, their participation in global economics, and their involvement in the development of …