Agricultural Economics & Policy

Article Agricultural Economics & Policy

Subjective preferences, liquidity constraints and price risk management under large-scale farm management

Peng Peng, Zhigang Xu

Summary: This study focuses on the price-risk-management behaviors of large-scale farmers in China under incomplete market conditions. The results show that risk-averse farmers use risk transfer and risk diversification strategies to avoid price risk, while farmers with liquidity constraints and strong time preferences are less likely to choose risk diversification.

CHINA AGRICULTURAL ECONOMIC REVIEW (2023)

Article Agricultural Economics & Policy

Sales performance of direct food marketers: African American-led operations

Timothy Park, Steve Martinez, Mohammed Ibrahim

Summary: This paper examines the impact of participation in direct marketing on the distribution of farm sales for African American operations, revealing heterogeneous effects across the distribution. The findings provide valuable guidance for marketing experts and extension professionals in advising farmers considering direct marketing activities.

APPLIED ECONOMIC PERSPECTIVES AND POLICY (2023)

Article Agricultural Economics & Policy

The effect of income distribution on diet-related environmental footprints: Evidence from urban China

Jiao Chen, Yanjun Ren, Thomas Glauben, Lei Li

Summary: This study investigates the heterogeneity in diet-related environmental footprints across income classes in urban China and examines the effect of income distribution on overall environmental footprints. The results show that higher income classes have greater per capita diet-related environmental footprints compared to lower income classes. Additionally, income growth favoring low-income classes leads to a significant increase in diet-related environmental footprints. Policymakers should promote a more sustainable diet to alleviate income inequality and ensure sustainable environmental development.

AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS (2023)

Article Agricultural Economics & Policy

Neighborhood effect, virtual social networks, and farmers' social e-commerce participation behavior

Chan Wang, Xiao Wu, Tinggui Chen

Summary: The development of social e-commerce can integrate the production, circulation, and sales of agricultural products, promoting farmers' savings and profits. This study empirically tests the impact of neighborhood effect (NE) and virtual social networks on farmers' participation in social e-commerce, and analyzes its mechanism. The results show that neighborhood participation, social software friends, and information release have a significant positive impact on farmers' participation, while information reception has a negative impact. Additionally, self-competence recognition (SR) plays a mediating role in the effects of NE and network participation (NP) on participation behavior.

AGRIBUSINESS (2023)

Article Agricultural Economics & Policy

Adaptation to climate change: The irrigation technology mix of Italian farmers

Charlotte Fabri, Michail Tsagris, Michele Moretti, Steven Van Passel

Summary: Farmers should adopt more water-efficient irrigation technologies such as drip irrigation to cope with climate warming and worsening water scarcity. A study on Italian farmers found that they initially reduce surface irrigation when temperatures rise and gradually switch to sprinkler irrigation. However, farmers are not choosing drip irrigation on their own, indicating the need for government incentives to encourage this transition.

APPLIED ECONOMIC PERSPECTIVES AND POLICY (2023)

Article Agricultural Economics & Policy

The distribution of competitive research grants from the National Institute for Food and Agriculture: A comparison of 1862 land grant universities, 1890 land grant universities, and other institutions

Norbert L. W. Wilson, Lurleen M. Walters, Tara Wade, Kenesha Reynolds

Summary: This article evaluates the competitive grant funding provided by the U.S. Department of Agriculture's National Institute for Food and Agriculture (NIFA) to different types of land grant institutions. It discusses the disparity in funding between primarily White land grant institutions, historically Black land grant institutions, and non-land grant institutions. The findings reveal that historically Black land grant institutions and non-land grant institutions receive less funding compared to primarily White land grant institutions, although this disparity has decreased in recent years.

APPLIED ECONOMIC PERSPECTIVES AND POLICY (2023)

Article Agricultural Economics & Policy

Are futures markets functioning well for agricultural perishables? Evidence from China's apple futures market

Qianqian Mao, Jens-peter Loy, Thomas Glauben, Yaniun Ren

Summary: This study evaluated the function of the world's first fresh fruit futures contract for apples and found that the futures market had a limited and time-varying dominance in price discovery, with a substantial share of price discovery occurring in the spot market. Establishing futures markets for agricultural perishables may not be feasible, as commercial traders tend to focus more on the spot market.

AGRICULTURAL ECONOMICS-ZEMEDELSKA EKONOMIKA (2023)

Article Agricultural Economics & Policy

Trust evolution, institutional constraints, and land trusteeship decisions among Chinese farmers

Qi Li, Menghui Gao

Summary: This study investigates the impact of trust evolution and institutional constraints on smallholder farmers' decision-making in green prevention and pest control trusteeship. The results indicate that trust governance and institutional governance play significant roles in decision-making, with increasing importance of institutional trust and supervision as part-time farming becomes more prevalent, indicating the maturation of land trusteeship models.

AGRICULTURAL ECONOMICS-ZEMEDELSKA EKONOMIKA (2023)

Article Agricultural Economics & Policy

What do we know about the value and market impact of the US Department of Agriculture reports?

Olga Isengildina Massa, Berna Karali, Scott H. Irwin

Summary: This paper provides a comprehensive review of literature on the value and impact of USDA reports and discusses theoretical issues and empirical evidence. Most studies focus on partial evidence of market responses to USDA information, including price volatility, implied volatility, and unexpected information. The methodological and empirical contributions of these studies, as well as their limitations and potential opportunities for future research, are discussed.

APPLIED ECONOMIC PERSPECTIVES AND POLICY (2023)

Article Agricultural Economics & Policy

Identification and assessment of supply chain risks: The case of food hubs

Tatevik Avetisyan Artoonian, R. Brent Ross, Robert S. Shupp

Summary: Supply chain risk management is crucial for ensuring continuity and high performance of supply chains. This study identifies and assesses the perceived supply chain risks faced by U.S. food hubs using the Failure Mode and Effect Analysis methodology. The results indicate that imbalances in food supply and demand, logistical delays, human resources, and infrastructure capacity limitations are the highest priority supply chain risks for U.S. food hubs.

AGRIBUSINESS (2023)

Article Agricultural Economics & Policy

Evaluating environmental effects of adopting automatic milking systems on Norwegian dairy farms

Elin Martinsson, Helena Hansson, Klaus Mittenzwei, Hugo Storm

Summary: This study presents a novel procedure based on eco-efficiency to assess the farm-level effects of technology adoption, considering secondary effects. Secondary effects refer to the structural and behavioral adaptations to technology that may impact environmental, social, or economic outcomes. The procedure is applied to automatic milking systems in Norway, revealing that the adoption of such systems induces secondary effects, predominantly through reducing labor per cow and increasing herd sizes. A novel causal machine learning approach is employed to estimate the effects of automatic milking systems, resulting in heterogenous effects on eco-efficiency, negatively associated with herd expansion and labor per cow.

EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS (2023)

Article Agricultural Economics & Policy

Not the priciest, but the best quality: A new interpretation of high import food price in China

Lin Sun, Qiaoyun Fang, Zhaofang Ni, Michael R. Reed

Summary: This study analyzes the factors influencing food import prices in China and finds that the increase in per capita income has a significant positive impact on these prices, primarily due to the upgrading of imported food quality.

AGRIBUSINESS (2023)

Article Agricultural Economics & Policy

Examining environmental proactivity in the Spanish wine industry: The moderating role of size

Marcos Carchano, Inmaculada Carrasco, Angela Gonzalez

Summary: The value of proactive environmental strategies is widely recognized in business, but the factors and outcomes of their implementation are still mixed. This study investigates the determinants of environmental proactivity in Spanish wineries and finds that internal motivations, community pressure, and regulatory pressure play a significant role. Company size also influences the decision-making process, with smaller companies being more influenced by internal motivations and larger companies driven by external pressures.

AGRIBUSINESS (2023)

Article Agricultural Economics & Policy

Triple Helix approach to innovation in Rwanda's agriculture resulted in a partnership between educational institutions and a private firm producing clean seed potatoes

Meine Pieter Van Dijk

Summary: This article examines a public-private partnership in agriculture and discusses the introduction and implementation of innovative practices, utilizing the Triple Helix approach. Factors contributing to the success of the partnership are identified.

JOURNAL OF AGRIBUSINESS IN DEVELOPING AND EMERGING ECONOMIES (2023)

Article Agricultural Economics & Policy

Trade credits in farming: A drain for gain in the aquaculture industry of Bangladesh

Md Takibur Rahman, Md Akhtaruzzaman Khan, Imranul Islam, Madan Mohan Dey

Summary: Trade credit (TC) is a readily available financing source for small-scale aquaculture farms in developing countries, aiding in addressing production losses caused by capital constraints and enabling the use of improved production technology to achieve a tradeoff between benefits and costs.

AQUACULTURE ECONOMICS & MANAGEMENT (2023)

Article Agricultural Economics & Policy

Affordability and sustainability in the human right to water

Darwin Carchi, Mercy Orellana, Andres Martinez, Joselin Segovia

Summary: The study analyzes the affordability and sustainability of residential water consumption in Ecuador. The results show that Ecuador has relatively low water tariffs, indicating high affordability. However, the overall consumption is higher than recommended by the World Health Organization, raising concerns about sustainability. Economic simulations suggest that higher prices can reduce demand, but this may negatively impact low-income households' vital consumption.

JOURNAL OF AGRIBUSINESS IN DEVELOPING AND EMERGING ECONOMIES (2023)

Article Agricultural Economics & Policy

Effect of agriculture-tourism integration on in situ urbanization of rural residents: evidence from 1868 counties in China

Juan Lu, He Li

Summary: This study clarifies the impact of agriculture-tourism integration on in situ urbanization of rural residents. It finds that agriculture-tourism integration can improve in situ urbanization by increasing rural industries, employment demand, and income capacity, but may also inhibit urbanization by reducing farmland. The study highlights the importance of institutional, hard, and soft factors in promoting the positive impact of agriculture-tourism integration on in situ urbanization.

CHINA AGRICULTURAL ECONOMIC REVIEW (2023)

Article Agricultural Economics & Policy

The economic impacts of a hypothetical foot and mouth disease outbreak in Australia

Glyn Wittwer

Summary: This study uses a dynamic quarterly CGE model, GlobeTERM, to estimate the economic impacts of a hypothetical foot and mouth disease outbreak in Australia. The results show that the duration of trade sanctions by importers of Australian animal products is a key factor in determining the national welfare losses. If the outbreak is contained and trade sanctions are dropped within a year, Australia's welfare losses may be around AUS$10 billion. However, if importers restore Australian access within a year except for China-Hong Kong which delays by 5 years, welfare losses are around AUS$21 billion. In a worst-case scenario where trade sanctions persist for 5 years after the disease has been eradicated, welfare losses may exceed AUS$85 billion. The study suggests that a shift towards vaccinate-to-live policies and global efforts to eradicate the disease may be cost-effective.

AUSTRALIAN JOURNAL OF AGRICULTURAL AND RESOURCE ECONOMICS (2023)

Article Agricultural Economics & Policy

The impacts of caterpillar fungus income on grazing pressure in Tibetan regions: a tale of income diversification

Qi Kang, Carlos E. Carpio, Chenggang Wang, Zeng Tang

Summary: This research explores the impacts of diversified income from trading caterpillar fungus on pastoral households' livestock production and income. It finds that pastoral households participating in caterpillar fungus activities have smaller herds, sell fewer animals for profit, slaughter more livestock for family consumption, and experience fewer livestock deaths compared to nonparticipants. There is also evidence that participating households have higher annual income.

CHINA AGRICULTURAL ECONOMIC REVIEW (2023)

Article Agricultural Economics & Policy

The coexistence of psychological drivers and deterrents of consumers' willingness to try cultured meat hamburger patties: evidence from South Africa

C. Z. Tsvakirai, L. L. Nalley

Summary: This study investigates the impact of implicit and explicit perceptions on South African consumers' acceptance of cultured meat. Implicit perceptions were found to promote both neophobic and neophilic attitudes, while explicit perceptions indicated concerns that hindered adoption. These findings contribute to understanding the potential market for cultured meat in South Africa and provide insights into drivers and deterrents.

AGRICULTURAL AND FOOD ECONOMICS (2023)