Agricultural Economics Commons^™

A Historical Assessment Of The Number Of Days Required To Plant The Arkansas Soybean Crop, Bayarbat Badarch, K. Bradley Watkins, Terry Griffin

Agricultural Economics and Agribusiness Faculty Publications and Presentations

The primary objective of this paper is to quantitatively analyze the number of acres planted per suitable fieldwork day and the total number of fieldwork days available for the complete planting of soybeans (Glycine max L.) in Arkansas. Total days to plant soybeans in each spring from 1980 to 2023 averaged about 33 days, indicating that roughly 33 days are expected, on average, from the month of April to May based on USDA-NASS weekly crop progress and condition data. Furthermore, the average soybean planted acres is estimated at 106,736 acres per day within the study period. Recently, variations in …

A Markov Regime-Switching Event Response Model: Beef Price Spread Response To Processing Capacity Shocks, Eunchun Park, Christopher N. Boyer, Clinton L. Neill

Agricultural Economics and Agribusiness Faculty Publications and Presentations

This research introduces a new method for event studies in time-series analysis named the Markov regime-switching event response model (MS-ERM). The MS-ERM is a comprehensive approach that integrates two different event study approaches: 1) measuring the impact of an event through structural shift and 2) measuring the impact via additional distributional components. As an empirical application, the study measures the impact of beef-packing plant closures on the weekly live-to-cutout beef price spread. The results indicate that the MS-ERM is a promising tool for event studies, particularly when an empirical dataset has both groups of events that cause and do not …

Economic Considerations Of In-Season Potassium Applications To Soybean Using Payoff Matrices, Carrie Ortel, T. L. Roberts, M. Popp, W. J. Ross, N. A. Slaton, M. R. Parvej

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Potassium (K) deficiency is a common yield-limiting factor in Arkansas soybean (Glycine max (L.) Merr.) production that can be addressed with innovative supplemental fertilizer application. An established leaf sampling protocol and dynamic critical concentration allow accurate diagnosis of K deficiency with corresponding recommendations for corrective, in-season K fertilizer applications at site-specific rates and times to reach anticipated yield goals. However, the profitability of in-season K fertilizer applications to irrigated soybean remains unclear. Research was conducted in Arkansas from 2021 to 2023 to evaluate multiple rates of in-season applications of muriate of potash to soybean at 15 and 30 days …

Potential Response Of Mexican Consumers To A Ban On Genetically Modified Maize Imports, Brandon R. Mcfadden, Lawton Nalley, Alvaro Durand-Morat, Wei Yang, Katie Loethen

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Mexico enacted a decree to ban the sale of genetically modified (GM) maize seed and maize for human consumption. Maize is particularly important to the average diet in Mexico as it is the main feed for the primary source of protein (poultry) and the main ingredient for the primary source of calories (corn tortillas). This study aimed to assess consumer awareness of the decree, support for the decree, and sensitivity of support given possible economic outcomes related to the decree. Additionally, we estimate the premiums consumers were willing to pay (WTP) for non-GM products relative to GM products (i.e., chicken …

Estimating Prevented Planting Coverage Factor Variation, Christopher N. Boyer, Eunchun Park, Chad Hellwinckel, S. Aaron Smith, William Maples, Gabriela Perez-Quesada

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Prevented planting payments reimburse crop producers for losses from not being able to plant. These payments provide critical protection to producers; however, these payments, which are determined using a nationwide, crop-specific coverage factor, have been questioned to induce moral hazard. Depending on the region and crop insurance coverage, payments from this provision exceed producers’ losses. This paper estimates the prevented planting coverage factor by coverage level and region that would equitably reimburse corn and soybean producers for their losses. We find the prevented planting coverage factor has significant variation across coverage levels and location within our study region. The prevented …

The Impact Of Covid-19 On Livelihood Assets: A Case Study Of High-Value Crop Farmers In North-West Bangladesh, Umme Salma, Mohammad Janhangir Alam, Ismat Ara Begum, Md. Abdur Rouf Sarkar, Tamara Jackson, Tamanna Mastura, Md. Salauddin Palash, Andrew M. Mckensie, Avinash Kishore

Agricultural Economics and Agribusiness Faculty Publications and Presentations

The COVID-19 pandemic has had a catastrophic impact on public health, extending to the food system and people's livelihoods worldwide, including Bangladesh. This study aimed to ascertain the COVID-19 pandemic impacts on livelihood assets in the North-Western areas (Rajshahi and Rangpur) of Bangladesh. Primary data were collected from 320 farmers engaged in high-value agriculture using a multistage sampling method. The data were analysed using first-order structural equation modelling. The findings reveal a significant impact (p <  0.01) of the pandemic on all livelihood assets in Bangladesh. Notably, human assets exhibited the highest impact, with a coefficient of 0.740, followed sequentially by financial (0.709), social (0.684), natural (0.600), physical (0.542), and psychological (0.537) assets. Government-imposed lockdowns and mobility restrictions were identified as the major causes of the pandemic's negative effects on livelihoods, which included lost income, rising food prices, decreased purchasing power, inadequate access to food and medical supplies, increased social insecurity, and a rise in depression, worry, and anxiety among farmers. The effects of COVID-19 and associated policy measures on the livelihoods of high-value crop farmers have reversed substantial economic and nutritional advances gained over the previous decade. This study suggests attention to the sustainable livelihoods of farmers through direct cash transfer and input incentive programs to minimize their vulnerability to a pandemic like COVID-19 or any other crisis in the future.

Actuarial Implications Of Prevented Planting Coverage, Dylan Turner, Francis Tsiboe, Hunter D. Biram, Lawson Connor

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Within the Federal Crop Insurance Program (FCIP), prevented planting (PP) coverage provides payments for pre-planting costs associated with crops that ultimately cannot be planted due to adverse weather. PP indemnities, which are not considered production losses within the FCIP rating methodology, influence premium rates differently than typical losses. This study utilizes a panel data set consisting of approximately 77,697 county level observations from RMA's summary of business to identify the relationship between the prevalence of prevent plant use and a number of actuarial related outcomes. Overall, we find that increases in the share of total indemnities attributable to PP claims …

Producer Perceptions Of Us Livestock Indemnity Policy, Victoria L. Campbell, Jada M. Thompson, Jenny L. Apriesnig, Glynn T. Tonsor, Dustin L. Pendell

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Objective

Materials and Methods

Results and Discussion

Agricultural Extension Service, Technology Adoption, And Production Risk Nexus: Evidence From Bangladesh, Muhammad Jangir Alarm, Pavesh Kumar Sarma, Ismat Ara Begum, Jeff Connor, Lin Crase, Shiek Mohammad Sayem, Andrew M. Mckensie

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Rice production is inherently risky and volatile, and farmers in Bangladesh face a wide range of risks, including weather, pest and disease attacks, interruptions to input supply, and market-associated risks. Moreover, poor farm households often perceive risks in adopting new technology, even though it could improve productivity and food security. Such households are thus caught in a “risk-induced trap” that precludes them from realizing the benefits of technological innovation. Extension service is one way to help farmers improve risk management skills and escape risk-induced traps, but there is limited empirical analysis of its impact in Bangladesh. The objective of …

Gender Differences In Job Satisfaction Among Gig Workers In Bangladesh, Mou Rani Sarker, Tanjum Afrin Taj, Md Abdur Rouf Sarkar, Md. Fuad Hassan, Andrew M. Mckensie, Md Abdullah Al Mamun, Dweep Sarker, Humnath Bhandani

Agricultural Economics and Agribusiness Faculty Publications and Presentations

The gig economy (temporary, contract, and freelance online jobs rather than permanent positions) is a component of the fourth industrial revolution and preview of future work. The rise of digital platforms has increased career opportunities and income potential, particularly for women. Yet, the sex-disaggregated evidence regarding platform usage, employment characteristics, and working motivations and satisfaction remains untapped. Using data from a quantitative survey of Bangladeshi gig workers (242 men and 201 women) conducted in 2022, this paper addresses these gaps between male and female workers. The gig economy appears to be gender-segregated across digital platform usages and working categories. Women …

Agronomic And Economic Productivity Of Summer Annual Forage Systems Under Different Poultry Litter Application Methods, Ivanelle Meyer, Michael P. Popp, Christine C. Nieman, Amanda J. Ashworth, Phillip R. Owens

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Poultry litter (litter) is a nutrient dense fertilizer that increases nutritive value and yield in pastures in the mid-southern US. Nutrient losses due to runoff and nitrogen volatilization are common when broadcasting litter. As such, incorporating litter below the soil surface (subsurface) was evaluated in comparison to broadcasting in 2021 and 2022 by quantifying yield and nutritive value of annual forages. The study was a randomized complete block design with three forage treatments—sorghum-sudangrass only (Sorghum bicolor L.), cowpea only (Vigna unguiculata L.), and their mixture, and three litter application methods (broadcast, subsurface, and a no litter control). Litter …

The Effect Of Total Factor Productivity On The Food Security And Livelihood Vulnerability Of Farm Households In Bangladesh, Paresh Kumar Sarma, Mohammad Jahanghir Alam, Ismat Ara Begum, Adam M. Mckenzie

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Food security and livelihood vulnerability are important issues for the economic sustainability of developing countries like Bangladesh. This study examines the influence of total factor productivity (TFP) on the livelihood vulnerability and food security of rice farming households in Bangladesh. Data from 1,841 rice farming households were extracted from the Bangladesh Integrated Household Survey (2015 and 2018) conducted by the International Food Policy Research Institute. Various statistical methods, such as the stochastic frontier model, principal component analysis, path analysis using structural equation modeling, and multivariate regression, were employed to analyze the data. The study utilizes a multivariate modeling approach that …

Does Rural Transformation Affect Rural Income Inequality? Insights From Cross-District Panel Data Analysis In Bangladesh, Al Amin Al Abbasi, Subrata Saha, Ismat Ara Begum, Maria Fay Rola-Rubzen, Andrew M. Mckensie, Mohammad Janghir Alam

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Rural transformation plays a crucial role in enhancing the income and employment prospects of the rural labor force. We investigate the effects of rural transformation on rural income inequality at the district level in Bangladesh using data from five years of nationally representative Household Income and Expenditure Surveys. The Gini coefficient is used to measure rural income inequality. In contrast, the share of high-value agricultural outputs and the share of rural non-farm employment are used as indicators of rural transformation. We find that rural income inequality is positively associated with the share of high-value agricultural outputs and the share …

Potential Consumer Response To The Healthy Symbol Proposed By The Us Food And Drug Administration, Jillian Hyink, Brandon R. Mcfadden, Brenna Ellison

Agricultural Economics and Agribusiness Faculty Publications and Presentations

The U.S. Food and Drug Administration (FDA) has proposed updates to the definition of “healthy,” including distinctions between types of sugar and fats and limits on added sugar, saturated fat, and sodium. To communicate the updated standards, the FDA is developing a Healthy symbol to display on food packages, which could reduce knowledge gaps by assisting U.S. consumers in meeting recommended nutritional guidelines. This study aimed to explore the potential for the label to increase consumers' ability to correctly identify a food product that met the FDA's criteria for a healthy symbol. To complete the study objective, 1018 adults were …

A Micro-Perspective Analysis Of The Demand For Greek And Non-Greek Yogurt In The United States Over Calendar Years 2018 To 2020, Oral Capps, Riuxin Jia, Vikas Mishra, Macson O. Ogieriakhi

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Using the Heckman framework, we develop profiles of households who purchase Greek yogurt and non-Greek yogurt and estimate own-price, cross-price, and income elasticities of demand. Attention is centered on the impacts of age, race, education, and ethnicity of the household head, household income, household size, region, the presence of children, and prices of Greek yogurt and non-Greek yogurt. This analysis rests on data acquired from Nielsen pertaining to 164,484 households over calendar years 2018–2020. Own-price elasticities are estimated to be −1.36 for Greek yogurt and −0.70 for non-Greek yogurt. Additionally, these yogurt products are not only substitutes but also necessities.

Preferences And Willingness To Pay For A Novel Carbon Label: A Choice Experiment In The United States, Wen Lin, Rudolfo M. Nayga Jr, Wei Yang

Agricultural Economics and Agribusiness Faculty Publications and Presentations

This study investigates how US consumers respond to and value a new technology-based carbon label on food products. Results indicate that individual valuation of the carbon-labeled bread is $4/20 oz, marginally lower than the valuation of the conventional and organic bread products. Moreover, individuals belonging to certain market segments, such as non-White, liberal, and well-educated consumers, and those having a high level of knowledge about the causes of climate change, exhibit a higher valuation for the novel carbon label.

Does Sin Tax On The Legal Market Facilitate The Illicit Market? An Ex-Ante Assessment On The Us Cannabis Market, Yoohun Han, Khondoker Abdul Mottaleb, John N. Ng'ombe, Alvaro Durand-Morat

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Sin tax is essential to reduce the harm caused by products like cannabis. However, excessive taxation may facilitate illicit markets. We examine sin tax policies' impact on legal and illicit cannabis markets in the selected US states. Using a Constant Elasticity of Substitution utility framework, we assess scenarios like sin tax increase and anti-illicit cannabis policies. Our findings indicate high sin taxes may drive consumers to illicit markets, but anti-illicit market policies could control its extent. However, there is a trade-off between market size, tax revenue, consumers' utility, and illicit market control. Thus, optimizing sin tax policies is challenging, necessitating …

Understanding Demand For Broken Rice And Its Potential Food Security Implications In Colombia, Juliann Phillips, Alvaro Durand-Morat, Lawton L. Nalley, Eduardo Graterol, Michelle Bonatti, Katerine Loaiza De La Pava, Sergio Urioste, Wei Yang

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Rice is a crucial contributor to global food security and is an important staple for over half the world's population. Irrigated paddy rice is a water-intensive crop, and an important contributor to greenhouse gas emissions. Thus, improving the efficiency of using rice as food rather than non-food uses is paramount to sustainably feeding a growing global population. One source of inefficiency in the rice market is using broken rice for non-food purposes. This study focuses on consumer preferences for rice with different broken percentages in Colombia. We used a mixed-method approach to ascertain the stated (experimental setting) and revealed (using …

The Role Of The Social Network In Adopting New Turfgrass Varieties: An Analysis Of Twitter Data, Joohun Han, Chanjin Chung, Yanqi Wu

Agricultural Economics and Agribusiness Faculty Publications and Presentations

This study examines the effect of social learning on new turfgrass variety adoption decisions using data from 231 turfgrass professionals’ Twitter accounts between 1 Jun 2018 and 31 Dec 2019. To determine the social learning effect, we decompose networking effects into social learning, individual-level and group-level similarities, herd behavior, and clustering effects. Our study estimates a spatial autoregressive probit model that directly incorporates the social network structure to account for unobservable networking effects and potential reflection problem. A Bayesian estimation procedure is used to alleviate the convergence problem caused by the complexity of model specification. Empirical results show that the …

Knowledge Gaps About Micronutrient Deficiencies In Tanzania And The Effect Of Information Interventions, Pius Kilasy, Brandon R. Mcfadden, Kelly A. Davidson, Leah H. Palm-Forster

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Reducing micronutrient malnutrition (“hidden hunger”) in low-income countries is a global challenge, particularly among women, children, and high-poverty households. Countries like Tanzania have developed diverse strategies to combat malnutrition, including the biofortification of staple foods. However, broad awareness and knowledge of micronutrient deficiencies and beneficial foods are needed for these strategies to be effective. The objectives of this study were to (i) examine Tanzanian consumers' initial awareness and knowledge of deficiencies for four micronutrients and associated biofortified foods, and (ii) to examine the effectiveness of targeted communication approaches (i.e., information and branding) to improve knowledge. Data were collected from 1029 …

Interrelationships Among The Rice Export Prices Of Major Exporting Countries: In Search Of The Leader And Followers, Khondoker Abdul Mottaleb, Alvaro Durand-Morat

Agricultural Economics and Agribusiness Faculty Publications and Presentations

By examining the econometric interrelationships of rice export prices of India, Thailand, Vietnam, Pakistan, the U.S., Argentina, Brazil, and Uruguay, this study examines the most influential rice-exporting countries in the international rice export market. The sampled countries are the source of more than 80% of the global rice exports. In the process, this study relies on online data portals of the United Nations and country-level sources for aromatic and non-aromatic rice export price information from India, Pakistan, and Thailand. This study employed the Prais-Winsten and Autoregressive Distributive Lag (ARDL) estimation processes with the error correction procedure. Combining the findings from …

Food Labeling: Ingredient Exemptions And Product Claims, Elena Krasovkaia, Bradley J. Rickard, Brenna Ellison, Brandon R. Mcfadden, Norbert Wilson

Agricultural Economics and Agribusiness Faculty Publications and Presentations

New breeding methods have provided scientists with opportunities to improve traits in a wide range of crops, however, there remains resistance to foods that are produced from these crops, and mandates on labels used to describe such processes continue to be a source of policy debate. Here we focus on gene editing and examine (i) whether consumer acceptance varies when the technology is applied to different ingredients (unrefined versus highly refined ingredients) and (ii) the impact of two different claims related to gene editing (health-focused claim versus an environment-focused claim). Our results show that consumers are less likely to purchase …

Using Data From Uniform Rate Applications For Site-Specific Nitrogen Recommendations, Eunchun Park, B. Wayne Brorson, Xiaofei Li

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Much historical yield-monitor data is from fields where a uniform rate of nitrogen was applied. A new approach is proposed using this data to get site-specific nitrogen recommendations. Bayesian methods are used to estimate a linear plateau model where only the plateau is spatially varying. The model is then illustrated by using it to make site-specific nitrogen recommendations for corn production in Mississippi. The in-sample recommendations generated by this approach return an estimated $9/acre on the example field. The long-term goal is to combine this information with other information such as remote sensing measurements.

Identification Of Influential Weather Parameters And Seasonal Drought Prediction In Bangladesh Using Machine Learning Algorithm, Md. Abdullah Al Mamun, Mou Rani Sarkar, Md. Abdur Rouf Sarkar, Sujit Kumar Roy, Sheikh Arafat Islam Nihad, Andrew M. Mckensie, Md. Ismail Hossain, Md. Shahjahan Kabir

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Droughts pose a severe environmental risk in countries that rely heavily on agriculture, resulting in heightened levels of concern regarding food security and livelihood enhancement. Bangladesh is highly susceptible to environmental hazards, with droughts further exacerbating the precarious situation for its 170 million inhabitants. Therefore, we are endeavouring to highlight the identification of the relative importance of climatic attributes and the estimation of the seasonal intensity and frequency of droughts in Bangladesh. With a period of forty years (1981–2020) of weather data, sophisticated machine learning (ML) methods were employed to classify 35 agroclimatic regions into dry or wet conditions using …

The Alternative Livestock Revolution: Prospects For Consumer Acceptance Of Plant-Based And Cultured Meat In South Africa, Chiedza Tsvakirai, Lawton Nalley, Shelby Rider, Ellen Van Loo, Makgopa Tshehla

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Although South Africa accounts for half of the alternative meat market for the African continent, there remains a lack of information about consumer demand for plant-based and lab-cultured meat and its market potential domestically. This study reports the results of a nationwide survey of 649 South African consumers who completed a choice experiment in which they selected among conventional beef and three alternative burger patties at varying prices. Results indicate that holding prices constant and conditional on choosing a food product, 21% of the market share was estimated for plant-based meat alternatives and 38% for lab-cultured meat.

Conservation Agriculture Assists Smallholder Farmers And Their Agroecosystem In The Democratic Republic Of The Congo, Willy Mulimbi, Kristofor R. Brye, Lawton L. Nalley, Damas R. Birindwa

Agricultural Economics and Agribusiness Faculty Publications and Presentations

onservation agriculture, a sustainable farming practice combining no or minimum soil disturbance, crop diversification, and soil cover, can benefit humans and the biophysical environment. However, less than half of Sub-Saharan African countries implement conservation agriculture, and the majority of smallholder farmers are using unsustainable practices. Research and field trials on conservation agriculture adaptation to soil and agroecological conditions are vital for increasing adoption of conservation agriculture in Sub-Saharan Africa. The objectives of this study were to (i) evaluate the change in soil chemical properties and soil biology from implementation of conservation agriculture, (ii) assess cowpea (Vigna unguiculata L. Walp.) …

A Randomized Group Approach To Identifying Label Effects, Brandon R. Mcfadden, Jayson L. Lusk, Adam Pollack, Joy N. Rumble, Kathryn A. Stofer, Kevin M. Folta

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Motivated by the National Bioengineered Food Disclosure Standard (NBFDS), which requires companies to label bioengineered food products, this paper examines the choice effects of using a symbol approved by the standard relative to using text to disclose that a food product has bioengineered contents. Choice effects were determined using a randomized group design that assigned respondents to one-of-two labeled choice experiment groups. One group selected products that used the symbol disclosure and the other group selected products using text disclosure. Besides a label, the price was the only attribute displayed to respondents during the choice experiment and varied at three …

Peers And The Choice Of Irrigation Practices In The Arkansas Delta, Kent Kovacs, Christopher Henry, Qiuqiong Huang, Larry Jason Krutz

Agricultural Economics and Agribusiness Faculty Publications and Presentations

There are a range of demographic, climatic, and economic factors that influence the use of irrigation practices, along with the effect of peers and Extension agents on agricultural technologies. This research was conducted to determine how a peer's use of multiple irrigation practices influences the use of common irrigation practices in the Delta region of Arkansas. Using data from a producer survey conducted by telephone in 2015, we identify the determinants of the use and the share of an irrigated farm with five common irrigation practices in the Arkansas Delta. The role of peers for irrigation practice use depends on …

Quality Determinates Of Rice Price In Open Bag Markets In Sub-Saharan Africa, Bailey Peterson-Wilhelm, Lawton Nalley, Alvaro Durand-Morat, Aaron Shew, Francis Tsiboe, Willy Mulimbi

Agricultural Economics and Agribusiness Faculty Publications and Presentations

Purpose

Weaknesses in the grades and standards system in low-income countries across Sub-Saharan Africa undermine the transparency of agricultural markets. In the Democratic Republic of the Congo (DRC), Ghana and Mozambique rice is predominately sold in open bags and if rice price does not reflect its quality, then inefficiencies may lead to consumer welfare losses. Importantly, it is possible that impoverished communities are priced out of the market due to inflated and inefficient prices. The objective of this study is to examine determinates of rice price by estimating the impact of selected rice quality attributes on rice prices in Democratic …

Estimating The Demand For Groundwater: A Second-Stage Hedonic Land Price Analysis For The Lower Mississippi River Alluvial Plain, Arkansas, Kent Kovacs, Sheby Rider

Agricultural Economics and Agribusiness Faculty Publications and Presentations

We estimate the benefits of the saturated thickness (water-bearing porous material) of the alluvial aquifer in Arkansas through an application of the hedonic price model to the sale of agricultural land. There is evidence from the first-stage analysis of diminishing returns from increasing saturated thickness. Using a survey of farmer operators’ preferences and socioeconomic characteristics, we recover the underlying demand function for saturated thickness in a second-stage analysis. Shifts in the demand function reveal that produced/social capital can be a substitute or a complement to saturated thickness, and human capital is a substitute for saturated thickness.