The impact of intermediate input price increases on food prices is analyzed assuming the producers can pass through increased production costs to final consumers. Five scenarios of input price increases are empirically examined. Findings indicate that the meat processing sector has a strong dependence on intermediate inputs (livestock), and an increase in livestock prices would have a greater impact on processed meat prices than would any other intermediate input price increases. Price increases in the service sector would result in overall price increases in food prices comparable to increases in intermediate agricultural commodities. Further, price increases in nondurable goods have...
Diaz, Edgar F. Pebe; Brorsen, B. Wade; Anderson, Kim B.; Richter, Francisca G.-C.; Kenkel, Philip L.
This article determines the effect of rounding (pointing-off) of grade percentages to the nearest whole number on the probability distribution of regrading in the peanut industry. Results show that rounding causes graders to have to regrade an extra 4% of samples even when they follow all directions and make no mistakes. When rounding was not used, the sample weight had little effect on the probability of regrading. With rounding, the probability of regrading was reduced by beginning with a larger than 500-gram sample. Thus, rounding provides an incentive to take overweight samples in order to avoid regrading. Overweight samples can...
Perry, Gregory M.; Nixon, Clair J.
A variety of federal, state, and local taxes are levied on farming operations in the United States. To date, there has been no attempt to systematically estimate what the total tax burden is on U.S. farms and how that burden varies from state to state. Based on the results of this analysis, the total farmer tax burden in 1994 was estimated at nearly $17 billion, most of which was in the form of real property tax (44%) and federal personal income tax (26%).
Van der Sluis, Evert; Diersen, Matthew A.; Dobbs, Thomas L.
This study provides an overview of the economic costs, benefits, and risks involved with agricultural biotechnology at the farm level, at the market level, and for the farm and food system as a whole. Both advantages and disadvantages of agricultural biotechnology are discussed. Among the drivers of U.S. domestic and international consumer demand for transgenic crop products discussed are environmental and food safety concerns. A comparison is made between a "science-based" regulatory framework and a policy based on the precautionary principle. The authors argue that open dialogue is needed for achieving improved public understanding of agricultural biotechnology, and that analyses...
Boehlje, Michael; Akridge, Jay T.; Kalaitzandonakes, Nicholas G.
With the dramatic changes occurring in the agricultural industries, it is critical to develop and maintain competencies that will enhance one's competitive position in this rapidly evolving market. The skills or capacities required to be successful are dynamic capabilities which embrace new ideas, change, innovation, analysis, integration, and teamwork-capabilities which may not be part of the experience base in the more traditional agriculture of the past.
Persaud, Suresh Chand; Chern, Wen S.
This study identifies variables which increase Japan's imports of canola (soybeans) at the expense of soybeans (canola), and quantifies their impacts by estimating an import demand model. A key finding is that lower Japanese meat production tends to increase rapeseed imports while lowering soybean imports. Thus, Canada benefited from U.S. and Australian efforts to open Japan's market for imported beef, since the vast majority of Japan's canola imports are from Canada.
Heiman, Amir; Miranowski, John A.; Zilberman, David; Alix, Jennifer
While the demand for traditional agricultural economics is diminishing, there is a growing need for the economics and management of the food sector and the environment. Departments of agricultural economics have shown great flexibility in including agribusiness in their Bachelor's and Master's teaching programs. Ph.D and research programs appear to adjust more slowly to changing demand. Although agricultural economics programs are providing a variety of service course offerings, opportunities for joint programs with biological, physical, and natural sciences, particularly resource management, are not being exploited. If business schools decide to compete for agribusiness students in the future, missed opportunities with...