How to Understand High Food PricesJournal of Agricultural Economics - Tập 61 Số 2 - Trang 398-425 - 2010
Christopher L. Gilbert
AbstractAgricultural price booms are better explained by common factors than by
market‐specific factors such as supply shocks. A capital asset pricing
model‐type model shows why one should expect this and Granger causality analysis
establishes the role of demand growth, monetary expansion and exchange rate
movements in explaining price movements over the period since 1971. The demand
for grains an... hiện toàn bộ
CONJOINT MEASUREMENT IN HAM QUALITY EVALUATIONJournal of Agricultural Economics - Tập 38 Số 3 - Trang 473-480 - 1987
Jan‐Benedict E.M. Steenkamp
Conjoint measurement is a technique, recently developed in the fields of
psychometrics and consumer research, that can help managers and researchers to
obtain insight in the way consumers evaluate the quality of products. The paper
reports an application of this technique to quality evaluations with respect to
ham. On the average, packing was the most important quality attribute. However,
market s... hiện toàn bộ
ATTITUDES TOWARDS FARM DIVERSIFICATION: RESULTS FROM A SURVEY OF DEVON FARMSJournal of Agricultural Economics - Tập 40 Số 1 - Trang 93-100 - 1989
Joyce Halliday
Evidence from a survey of farmers' reactions to milk quotas suggests that there
remains a fundamental divide between policymakers' views of the future farm and
those of the farmers themselves. This paper examines this dichotomy in the
context of one important milk‐producing county, Devon. Here an emphasis at
County Council level on non‐agricultural diversification is found to contrast
with the act... hiện toàn bộ
Volatility Forecasting and Time‐varying Variance Risk Premiums in Grains Commodity MarketsJournal of Agricultural Economics - Tập 66 Số 2 - Trang 329-357 - 2015
Athanasios Triantafyllou, George Dotsis, A. Sarris
AbstractIn this paper we examine empirically the predictive power of model‐free
option‐implied variance and skewness in wheat, maize and soybeans derivative
markets. We find that option‐implied risk‐neutral variance outperforms
historical variance as a predictor of future realised variance for these three
commodities. In addition, we find that risk‐neutral option‐implied skewness
significantly imp... hiện toàn bộ
Willingness to Pay for Rural Landscape Improvements: Combining Mixed Logit and Random‐Effects ModelsJournal of Agricultural Economics - Tập 58 Số 3 - Trang 467-483 - 2007
Danny Campbell
AbstractThis paper reports the findings from a discrete‐choice experiment
designed to estimate the economic benefits associated with rural landscape
improvements in Ireland. Using a mixed logit model, the panel nature of the
dataset is exploited to retrieve willingness‐to‐pay values for every individual
in the sample. This departs from customary approaches in which the
willingness‐to‐pay estimates... hiện toàn bộ
Bubbles, Froth and Facts: Another Look at the Masters Hypothesis in Commodity Futures MarketsJournal of Agricultural Economics - Tập 68 Số 2 - Trang 345-365 - 2017
Dwight R. Sanders, Scott H. Irwin
AbstractThe Masters Hypothesis suggests that long‐only index funds were the main
cause of a massive increase in commodity prices in 2007–2008 and 2011–2012.
Central to the Masters Hypothesis are three basic tenets: (i) long‐only
commodity index funds were directly responsible for driving futures prices
higher; (ii) the deviations from fundamental value were economically very large;
(iii) the impac... hiện toàn bộ
What Explains Agricultural Price Movements?Journal of Agricultural Economics - Tập 67 Số 3 - Trang 706-721 - 2016
John Baffes, Tassos Haniotis
AbstractAfter 2005, commodity prices experienced their longest and broadest boom
since World War II. Agricultural prices have now come down considerably since
their 2011 peak, but are still 40% higher in real terms than their 2000 lows.
This paper briefly addresses the main arguments on the causes of the
agricultural price cycle. It broadens the scope of analysis by focusing on six
agricultural co... hiện toàn bộ
Productivity in Chinese Provincial AgricultureJournal of Agricultural Economics - Tập 49 Số 3 - Trang 378-392 - 1998
David K. Lambert, Elliott Parker
Technical change, technical efficiency and multifactor productivity indices are
reported for a multiple‐output, multiple‐input production technology using
Chinese provincial data for the 1979‐95 period. Results show significant
variation in productivity change from year to year and province to province.
Using panel methods, we regress the three production indices on several factors
important in ex... hiện toàn bộ