{"title":"The Impact Of Brazil And Argentina'S Currency Devaluation On U.S. Soybean Trade","authors":"Jose Andino, K. Mulik, W. Koo","doi":"10.22004/AG.ECON.23486","DOIUrl":"https://doi.org/10.22004/AG.ECON.23486","url":null,"abstract":"We analyzed the effects of Brazil and Argentina's currency devaluation on the U.S. soybean import demand in major importing countries. Results indicate that nominal exchange rates between the United States and importers affect the U.S. soybean export market. Additionally, we found evidence that currency depreciations have favored soybean exports from Argentina and Brazil at the cost of reduced exports from the United States. Increased world soybean demand has promoted export sales from major producers, affecting export prices. However, adoption of GM soybeans in the United States has been a determinant in decreased U.S. soybean exports.","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134278218","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Threshold Population Levels for Rural Retail Businesses in North Dakota, 2000","authors":"Randal C. Coon, F. Leistritz","doi":"10.22004/AG.ECON.23518","DOIUrl":"https://doi.org/10.22004/AG.ECON.23518","url":null,"abstract":"Business and community leaders frequently question the population level necessary to provide adequate sales volume for a particular type of business. This study examines population levels associated with specified numbers of 16 business types in North Dakota towns between 200 and 10,000 population in 2000. The data used to identify the presence of particular types of businesses in a given community were records of sales and use tax permit holders by Standard Industrial Classification (SIC) group from the North Dakota State Tax Department. Threshold populations for the 16 business types were estimated using ordinary least squares (OLS) regression analysis. The resulting estimates indicate that the populations required to support various business types vary substantially. Businesses with relatively low population requirements included eating and drinking places. Department stores and variety stores had the highest population thresholds among the businesses studied. When the threshold estimates were compared with similar estimates for 1988, the threshold population to support one business had decreased for four business types (eating places, drinking places, farm supply, and drug stores), while for the other 12, the threshold populations had increased.","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129847001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Characteristics of nature-based tourism enterprises in North Dakota.","authors":"N. Hodur, D. A. Bangsund, F. Leistritz","doi":"10.22004/AG.ECON.23478","DOIUrl":"https://doi.org/10.22004/AG.ECON.23478","url":null,"abstract":"Recreational activities related to North Dakota's wealth of natural resources are well-established in North Dakota. In recent years, North Dakota's abundant resources have attracted visitors from around the country and the world. In addition to providing recreational activities for residents and visitors alike, natural resource-based tourism is a basic sector that may have considerable potential for creating economic opportunities in rural areas. Recognition of the potential importance of resource-based tourism to rural economies is well-advanced in other parts of the United States. However, little attention has historically been paid to tourism in North Dakota. While much anecdotal evidence exists suggesting that natural resource-based tourism is growing in North Dakota, no basic research on the sector has to date been completed. The goal of this study is to identify and analyze existing agricultural and natural resource-based tourism enterprises in North Dakota.","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132261409","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Role of the U.S. Dollar in International Trade","authors":"Jungho Baek, K. Mulik, W. Koo","doi":"10.22004/AG.ECON.23482","DOIUrl":"https://doi.org/10.22004/AG.ECON.23482","url":null,"abstract":"This study examines the J-curve phenomenon for the U.S. agricultural trade and compares the effect on agricultural trade relative to U.S. non-agricultural trade. For this purpose, the autoregressive distributed lag (ARDL) model is adopted to estimate bilateral trade data between the United States and her three major trading partners -- Japan, Canada, and Mexico. We find little evidence of the J-curve for U.S. agricultural trade with Japan, Canada, and Mexico. For non-agricultural trade, on the other hand, the behavior of U.S. trade with industrialized economies such as Japan and Canada follows the J-curve, but not with developing economies such as Mexico.","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"129 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127385055","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE MEXICAN SWEETENERS MARKET AND SUGAR EXPORTS TO THE UNITED STATES","authors":"Jose Andino, Richard D. Taylor, W. Koo","doi":"10.22004/AG.ECON.23490","DOIUrl":"https://doi.org/10.22004/AG.ECON.23490","url":null,"abstract":"This study analyzes the effect of a potential increase in sugar imports from Mexico on the U.S. sugar price, and its consequences for producers and consumers. Additional sugar imports would cause a substantial reduction of sugar prices in the United States and consequently an increase in consumption. Due to low commodity prices, acreage and total production of beet and cane sugar in the United States are expected to fall. Under these circumstances, social welfare in the United States may increase; however, welfare benefits may go to food processors rather than consumer households. By contrast, increases in sugar imports would substantially hurt sugar beet and cane producers.","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126745579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Landowner Conservation Attitudes and Behaviors in the Prairie Pothole Region","authors":"C. Wachenheim, J. Devney","doi":"10.22004/AG.ECON.267904","DOIUrl":"https://doi.org/10.22004/AG.ECON.267904","url":null,"abstract":"Long-term and widespread wetlands conservation within agricultural working lands remains tenable. There exists a need to identify alternative options for incentivizing wetland maintenance on private property. The objective of this research is to facilitate development of viable options by developing an understanding of how landowners view conservation, including that specifically targeted towards maintenance of wetlands, and what influences their decision regarding conservation program participation. Landowners in the five-state Prairie Pothole Region were surveyed. Most landowners supported use of incentives for wetlands conservation. Fewer supported the options of incentivized regulation, easements, and regulation. Landowners identified contract attributes including payment level and guaranteed source of income as important in their decision-making regarding conservation program participation. Effect of program participation on soil quality and erosion control were also considered important. Other program attribute and external effect factors were of moderate importance, and impact on neighboring properties was not considered important. Revealed decision criteria differed between groups defined by operation as including livestock, residence as on-farm, gender, previous or current participation in the Conservation Reserve Program, and support of various policy options for wetlands conservation. Attitudinal questions revealed that landowners in general agreed that they should be consulted on wetlands programs, promoting healthy ecosystems is a landowner’s responsibility, and landowners have the right to decide land use, should be compensated for land use choices that benefit the environment, including for maintenance of wetlands, and should be able to farm wetlands. They agreed that wetlands are important for wildlife and their conservation is important, although agreement that it is important to protect wetlands on private and public lands and especially that small wetlands benefit their operations tended toward neutral. Landowners were neutral on whether current conservation programs are effective and there should be regulations to control the conversion of naturally-occurring wetlands on agricultural land. Landowners with a CRP contract history were more supportive of the role of and need to protect wetlands, and had a lower level of agreement that decisions on land use are their right and that landowners should be able to farm their wetlands than those without. Members of general and crop-specific farm organizations were more strongly in agreement with landowners’ rights than non-members and less supportive of the role of wetlands and the need and policy tools to protect them. Members of Farmers Union and three crop commodity organizations also more strongly agreed that farmers should receive compensation when land use choices benefit the environment than non-members. Alternatively, conservation organization member agreement was higher than t","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123928098","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"PRODUCER CONTRACT STRATEGIES IN GM CROPS","authors":"B. Maxwell, W. Wilson, Bruce Dahl","doi":"10.22004/AG.ECON.23534","DOIUrl":"https://doi.org/10.22004/AG.ECON.23534","url":null,"abstract":"A number of challenges exist for genetically modified (GM) crop development at the production level. Contract strategies can resolve some of these challenges. Contracts can be designed to induce legal adoption of GM crops by varying technology fees, violation detection, and penalties. The objective of this research is to analyze contracting strategies to determine terms to induce legal adoption of GM wheat and to minimize technology agreement violations. A simulation model of the prospective introduction of GM technology into hard red spring wheat was developed. Results illustrate that contracts can be designed to induce desired behavior. Technology fees, probability of detection, and the level of non-GM premium were the most notable factors influencing adoption decisions.","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115028389","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Role Of Agricultural Processing And Farm Input Manufacturing In The North Dakota Economy","authors":"Randal C. Coon, F. Leistritz","doi":"10.22004/AG.ECON.23586","DOIUrl":"https://doi.org/10.22004/AG.ECON.23586","url":null,"abstract":"The purpose of this report is to estimate the economic impact of farm input manufacturing and value-added agricultural processing in the North Dakota economy. Economic impacts for these agriculturally-linked sectors are in addition to those for direct agricultural (crops and livestock) production. This analysis will provide state-level estimates of key economic indicators including levels of business activity, retail trade, personal income, secondary employment and tax revenues associated with these agriculturally-linked sectors. A survey of the 76 farm input manufacturing and 160 agricultural processing firms in North Dakota was conducted to obtain expenditure patterns. In-state outlays by these firms were allocated to sectors of the economy and divided by their respective number of employees to obtain a per employee expenditure for each economic sector. Per worker expenditures for the farm input manufacturing sector were multiplied by that sector's total employment (2,418) to estimate the industry's total expenditures. Agricultural processing per worker outlays were also multiplied by total employment (7,104) to estimate the total expenditures for this sector. Total expenditures for farm input manufacturing were estimated to be $146.8 million in 2002, and total agricultural processing expenditures were $361.9 million. These expenditures were applied to the North Dakota Input-Output Model to estimate economic impacts. The North Dakota Input-Output Model is a tool for tabulating and describing the linkages or interdependencies between various industrial groups within an economy. This model uses interdependence coefficients, or multipliers, to measure the total level of economic activity generated in each sector from an additional dollar of expenditures in a given sector. Total business activity generated from the in-state expenditures amounted to $482.2 million for the farm input manufacturing firms and $1,201.4 million for agricultural processing firms, giving a total of $1,683.6 million. Retail sales for the farm input manufacturing and agricultural processing firms were $105.2 million and $243.2 million, respectively. Total retail sales were estimated to be $348.4 million for the two agriculturally-linked sectors. Another indicator of the economic impact, personal income, was estimated to be $174.3 million for farm input manufacturing, $380.9 million for agricultural processing, with a total of $555.2 million. In addition to the 9,522 direct workers employed by these firms, another 16,272 secondary (indirect and induced) jobs were created. State revenue was enhanced by $27.4 million as the result of sales and use, personal income, and corporate income tax collections resulting from the business activity for the farm input manufacturing and agricultural processing firms.","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116415240","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Costs and Considerations for Marketing Livestock in North Dakota","authors":"E. Dunn","doi":"10.22004/AG.ECON.101949","DOIUrl":"https://doi.org/10.22004/AG.ECON.101949","url":null,"abstract":"","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115026355","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE CONTRIBUTION OF NORTH DAKOTA'S COMMUNITY PHARMACIES TO THE STATE'S ECONOMY","authors":"N. Hodur, F. Leistritz","doi":"10.22004/AG.ECON.23523","DOIUrl":"https://doi.org/10.22004/AG.ECON.23523","url":null,"abstract":"A pharmacist shortage, mail and internet competition, thinning margins, and third-party payer issues are some of the issues challenging community pharmacies. Those challenges have raised concerns about the long-term viability of independent community pharmacies, especially those in rural areas. In addition to a pharmacy's role in the delivery of prescription drugs, community pharmacies also play an important role in the state and local economies, again, especially in rural communities. Community pharmacies consistently have been classified as a business that provides essential services. Because of the issues and challenges facing community pharmacies and their role as an essential service, this study was undertaken to quantify the economic contribution North Dakota's community pharmacies make to the state's economy and to examine community pharmacies' business characteristics, services provided, and other issues. This study estimates all relevant expenditures and returns associated with North Dakota's community pharmacies.","PeriodicalId":356449,"journal":{"name":"Agribusiness & Applied Economics Report","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128037233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}