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Mutual recognition of geographical indications and China's agricultural exports—On the use of domestic and international markets 地理标志与中国农产品出口互认--利用国内和国际市场
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-04-20 DOI: 10.1002/agr.21902
Weiwen Qian, Yinguo Dong, Yuchen Liu
{"title":"Mutual recognition of geographical indications and China's agricultural exports—On the use of domestic and international markets","authors":"Weiwen Qian, Yinguo Dong, Yuchen Liu","doi":"10.1002/agr.21902","DOIUrl":"https://doi.org/10.1002/agr.21902","url":null,"abstract":"Geographical indication (GI) represents the specific good quality and reputation of the regional characteristics of agricultural products, which is a positive approach for stabilizing the export of agricultural products under China's new “Dual Circulation” pattern. This study used the propensity score matching–double difference (PSM–DID) method empirically testing the effect and mechanism of the mutual recognition of GIs between China and the EU on China's agricultural product export from 2000 to 2016 based on theoretical analysis of the effect mechanism of GI on agricultural product exports. The results show that: (1) The mutual recognition of GIs significantly increased the binary margin of China's agricultural exports, and the effect on the intensive margin was stronger than that on the extensive margin, and the effects on the three subvariables of the extensive margin are in the following order: old products exported to new markets > new products exported to old markets > new products exported to new markets; (2) The heterogeneity analysis shows that the mutual recognition of GIs contributes more to state‐owned enterprises, enterprises in the eastern region and to export destinations in EU countries; (3) The mechanism analysis shows that domestic demand–driven, quality upgrading and signal transmission are important mechanisms in the export effect of mutual recognition of GIs. This research shows that vigorously promoting the mutual recognition of GIs between China and the EU are important factors in promoting the growth of China's agricultural exports and achieving high‐quality agricultural development. [EconLit Citations: F14, Q17, Q18].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140628574","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
“Bio‐based Plastic? Hm, I've Never Seen It!”—A mixed‐methods investigation into consumer preferences for different packaging material of fresh apples and tomatoes "生物塑料?嗯,我从没见过!"--消费者对新鲜苹果和西红柿不同包装材料偏好的混合方法调查
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-04-15 DOI: 10.1002/agr.21940
Mira Lehberger, Anne‐Katrin Kleih, Kai Sparke
{"title":"“Bio‐based Plastic? Hm, I've Never Seen It!”—A mixed‐methods investigation into consumer preferences for different packaging material of fresh apples and tomatoes","authors":"Mira Lehberger, Anne‐Katrin Kleih, Kai Sparke","doi":"10.1002/agr.21940","DOIUrl":"https://doi.org/10.1002/agr.21940","url":null,"abstract":"Packaging of fresh fruits and vegetables is standard in many grocery stores. This mixed methods study aims to identify the role packaging plays in consumer choice and what packaging material consumers prefer. We analyzed data from quantitative stated preference experiments with a quota sample of 485 consumers living in Germany. In addition to the experiments, we conducted a qualitative study and analyzed data from 13 consumers who participated in think aloud protocols and responded to open‐ended questions. We analyzed the data from the quantitative and qualitative studies separately and then systematically compared their key findings. Choice‐based conjoint analyses showed that packaging was less important than price and origin in consumers' decisions, but that consumers clearly preferred unpackaged to packaged produce. This is true for both apples, a relatively robust produce, and tomatoes, which are more susceptible to damage. The qualitative research indicated that consumers appreciate the ability to see and choose an unpackaged product, but also see some benefits of packaging, such as the protection of the produce. Overall, we found that by combining qualitative and quantitative insights, we were able to identify overlapping but also distinct facets of consumer preference for fresh produce packaging. Regarding the use of bio‐based plastics for fresh produce, our results indicate that German consumers were not currently inclined to choose this type of packaging, and evidence suggests that they have little knowledge and/or awareness about it. Our findings have implications for researchers, marketing practitioners, packaging manufacturers, and policy makers. [EconLit Citations: D12, Q50].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140569002","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Adoption of nontraditional governance characteristics in US farmer cooperatives 美国农民合作社采用非传统治理特征
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-04-11 DOI: 10.1002/agr.21941
Jasper Grashuis, Celina Martinez‐Georges
{"title":"Adoption of nontraditional governance characteristics in US farmer cooperatives","authors":"Jasper Grashuis, Celina Martinez‐Georges","doi":"10.1002/agr.21941","DOIUrl":"https://doi.org/10.1002/agr.21941","url":null,"abstract":"Although the governance of farm producer‐owned and ‐controlled organizations is shaped by the complex interaction of mixed member, director, and manager objectives, its conceptualization in the literature is limited to the assignment of control to members, board directors, and managers. Such a categorization is imperfect as there exist other governance characteristics such as member vote distribution, board director identity, manager identity, and CEO identity. Using 371 survey responses from US farmer cooperatives, we inform the adoption of nontraditional governance characteristics in terms of proportional vote distribution, nonmember board directors (i.e., outside directors), and nonmember managers and CEOs. Furthermore, we relate the adoption of nontraditional characteristics to the competitive scope, organizational function, organizational size, and capital structure of the survey respondents by means of various empirical techniques. Generally, nontraditional adaptation of the governance structure, which implies an advanced delegation of control to decision specialists who are non‐members, is positively associated with the competitive scope and organizational size. Also, such nontraditional adaptation is more common to marketing cooperatives as compared to supply cooperatives. Our study motivates a multi‐dimensional conceptualization of governance, which is necessary to better understand the internal coordination of member and manager objectives. [EconLit Citations: Q13].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140569116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Managing risk in commodity processing using formula pricing contracts: An application to ethanol 利用公式定价合同管理商品加工中的风险:乙醇的应用
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-04-11 DOI: 10.1002/agr.21942
David W. Bullock, William W. Wilson
{"title":"Managing risk in commodity processing using formula pricing contracts: An application to ethanol","authors":"David W. Bullock, William W. Wilson","doi":"10.1002/agr.21942","DOIUrl":"https://doi.org/10.1002/agr.21942","url":null,"abstract":"As is the case with many commodity processors, manufacturers of ethanol face considerable margin risk from a wide range of input and output prices and the interrelation of these risks with the technical operational efficiency of the plant. Buyers of ethanol desire greater budget certainty for future ethanol purchases. An approach to pricing that has found considerable use in the livestock, dairy, and milling industries is the use of component‐based formula pricing. This study constructs a Monte Carlo simulation model of a typical South Dakota ethanol plant that uses a formula contract to fix components of the ethanol price. The simulation results indicate that the contract has considerable margin risk management benefits for the ethanol producer. The buyer also achieves marginal risk management benefits but with greater budget certainty as the components are fixed. Additional observations of interest to the industry are drawn from the sensitivity results of the simulations. [EconLit Citations: Q13, G17].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140568675","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An investigation of the price discovery role of futures markets: A dynamic time warping analysis of the United States corn markets 对期货市场价格发现作用的调查:对美国玉米市场的动态时间扭曲分析
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-04-11 DOI: 10.1002/agr.21939
Dragan Miljkovic, Puneet Vatsa, Frayne Olson
{"title":"An investigation of the price discovery role of futures markets: A dynamic time warping analysis of the United States corn markets","authors":"Dragan Miljkovic, Puneet Vatsa, Frayne Olson","doi":"10.1002/agr.21939","DOIUrl":"https://doi.org/10.1002/agr.21939","url":null,"abstract":"Futures markets are critical to price discovery and often dominate spot markets. We analyze the linkages between daily corn futures and spot prices in the United States using dynamic time warping. This nonparametric pattern recognition technique has several advantages over traditional time series methods. First, it can detect multiple changes in the lead‐lag associations between the two prices within short intervals; the duration with which one series leads or lags another is not assumed to be fixed. Second, the method can be applied to time series without regard to their stationarity properties. This greatly expands the scope of this method to accommodate a wide range of time series. Third, it lends itself well to studying small samples, which econometricians encounter routinely. Fourth, the results are presented intelligibly using intuitive visualizations. Our results show that futures markets are critical to price discovery; nevertheless, spot markets dominate futures markets intermittently. We discuss the results in detail, setting them in the proper context. [EconLit Citations: C14, C32, Q02, Q11].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140568890","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Supply chain risk in grain trading: Inventories as real options for shipping grain 谷物贸易中的供应链风险:库存作为谷物运输的实际选择
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-04-08 DOI: 10.1002/agr.21938
William W. Wilson, Jesse Klebe
{"title":"Supply chain risk in grain trading: Inventories as real options for shipping grain","authors":"William W. Wilson, Jesse Klebe","doi":"10.1002/agr.21938","DOIUrl":"https://doi.org/10.1002/agr.21938","url":null,"abstract":"Integrating trading and logistics is an important challenge in commodity trading. Trading and logistics are strategic decisions and are integral to most commodities including grain shipping by rail, in addition to other modes (barges, ocean shipping). There are substantial risks, such as the ordering and placement of rail cars. The other risk is having sufficient grain stocks to load rail cars. Alternatives for managing these risks include holding grain inventories and the strategic use of shipping options. The purpose of this study is to develop a model for determining an optimal grain inventory strategy for shippers. The real option methodology is used to value uncertainty in rail car velocity and determine optimal purchases and inventories. The results show the importance of integrating trading and logistics decisions and illustrate that inventories can be interpreted and valued as real options that are affected by uncertainties. Taken together, the real options indicate how much extra inventory shippers should maintain to mitigate risks and maximize profits.","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140568750","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Effect of risk and incentives on contracts: The case of farm operators in Iowa 风险和激励对合同的影响:爱荷华州农场经营者的案例
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-04-08 DOI: 10.1002/agr.21936
Jun Yeong Lee
{"title":"Effect of risk and incentives on contracts: The case of farm operators in Iowa","authors":"Jun Yeong Lee","doi":"10.1002/agr.21936","DOIUrl":"https://doi.org/10.1002/agr.21936","url":null,"abstract":"Longitudinal data on Iowa landowner–operator contracts are used to examine how the mean, variance, and skewness of expected farmland returns affected contract terms from 2008 to 2019. To control for unobserved operator risk preferences and ability as a fixed effect, the sample includes operators with multiple contracts. Our empirical work shows that farmland with lower variance is more likely to be rented for cash, whereas land with highly variable returns is more likely to be custom contracted. [EconLit Citations: L14, Q15]","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140568662","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Product differentiation in the fruit industry: Lessons from trademarked apples 水果业的产品差异化:商标苹果的启示
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-04-03 DOI: 10.1002/agr.21937
Modhurima Dey Amin, Syed Badruddoza, Jill J. McCluskey, Gregory Astill
{"title":"Product differentiation in the fruit industry: Lessons from trademarked apples","authors":"Modhurima Dey Amin, Syed Badruddoza, Jill J. McCluskey, Gregory Astill","doi":"10.1002/agr.21937","DOIUrl":"https://doi.org/10.1002/agr.21937","url":null,"abstract":"We derive price premiums for patented or trademarked apple varieties, also known as “club apples,” compared to open‐variety apples. We use an expansive retail scanner dataset, along with unique data on apple taste characteristics, to estimate monthly club apple premiums for 2008–2018. We find that club apple premiums are around 29% and have consistently decreased from 35% in 2008 to 22% in 2018. Positive club apple premiums relate to consumers' preferences for juicier, more acidic, and sweeter apples. We do not find evidence that consumers place value on the exclusivity of purchasing more expensive and limited varieties. Hence club premiums exist in the market by meeting the demand of consumer segments for apples with distinct taste attributes rather than replacing the demand of traditional consumers who prefer open varieties. We use a vector error correction framework to find short‐run and long‐run determinants of club apple premiums. In the short run, the sales of club varieties may positively associate with the sales of open varieties, given the premium and cost factors. However, in the long run, there is a negative cointegrated relationship between club apple sales, open apple sales, and club apple premiums; and an increase in club apple sales is adversely related to the open apple sales and club premiums. The high initial premiums of protected club varieties have provided incentives for the development of uniquely differentiated apple varieties, while in the long term as production expands, premiums decrease making club varieties less expensive for consumers [EconLit Citations: L66, Q11].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140568743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does urban–rural integration reduce rural poverty? 城乡一体化能否减少农村贫困?
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-04-02 DOI: 10.1002/agr.21935
Kunzai Niu, Hengzhou Xu
{"title":"Does urban–rural integration reduce rural poverty?","authors":"Kunzai Niu, Hengzhou Xu","doi":"10.1002/agr.21935","DOIUrl":"https://doi.org/10.1002/agr.21935","url":null,"abstract":"Rural poverty reduction is a challenge worldwide. Urban–rural integration is not only the result of urban and rural development but also the cause of poverty alleviation. Few studies, however, have used empirical methods to examine the social impact of urban–rural integration. Against the Chinese background, this study adopts an empirical method to analyze the impact of urban–rural integration on rural poverty reduction at the micro level. The study finds that urban–rural integration can reduce rural households' absolute poverty and relative income poverty. The main channel is the access of rural households to medical services. However, there is regional heterogeneity and household heterogeneity. Urban–rural integration cannot reduce rural household poverty for the western regions with backward economies. Household heads' age, health and job will impact the effect of urban–rural integration on reducing rural household poverty. Urban–rural integration and poverty alleviation development work should pay more attention to access to resources and services and adopt differentiated policies for different regions. [EconLit Citations: R1]","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140568674","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Role of environmental, social and governance disclosure in business profitability and cost of debt: An analysis of small Southern Italian agri‐food businesses 环境、社会和治理信息披露在企业盈利能力和债务成本中的作用:对意大利南部小型农业食品企业的分析
IF 3.2 3区 经济学
Agribusiness Pub Date : 2024-03-20 DOI: 10.1002/agr.21933
Arru Brunella, Delrio Federico, Furesi Roberto, Pulina Pietro, Fabio Albino Madau
{"title":"Role of environmental, social and governance disclosure in business profitability and cost of debt: An analysis of small Southern Italian agri‐food businesses","authors":"Arru Brunella, Delrio Federico, Furesi Roberto, Pulina Pietro, Fabio Albino Madau","doi":"10.1002/agr.21933","DOIUrl":"https://doi.org/10.1002/agr.21933","url":null,"abstract":"This article investigates the environmental, social, and governance (ESG) commitment of small agri‐food businesses disclosed by 279 Italians using Thomson Reuters Eikon ESG indicators and its relationship with their financial dimensions, that is, the corporate profitability indexes (ROE and EBITDA) and cost of debt, used as a proxy of the ability to access credit. Findings showed the absence of social reporting and the disclosure of business governance, including sustainability strategy, and the poor reporting of the environmental and social pillars, except for product innovation, product quality, and responsible marketing themes. The capability of ESG disclosure to predict corporate profitability and access to credit is limited. Moreover, investments in product responsibility are negatively related to the cost of debt, while commitment toward the internal and external companies' community appears to predict their ability to access credit positively. In light of the new institutional pressures requiring small agri‐food businesses to change and combine intrinsic and extrinsic motivation for CSR, the study extends the literature on the sustainability of small agri‐food businesses, which is mostly limited, and provides significant practical and political contributions to foster the paradigm shift toward sustainability [EconLit Citations: M21, Q01, Q13].","PeriodicalId":55544,"journal":{"name":"Agribusiness","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140200587","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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