Policies to mitigate greenhouse gas emissions are likely to increase the prices for fossil fuel based energy. Higher energy prices would raise farmers' expenditure on machinery fuels, irrigation water, farm chemicals, and grain drying. To compute the economic net impacts of increased farm input costs on agricultural production after market adjustment, we employ a price endogenous sector model f...

• Sellers distribute goods • Buyers purchase some quantity Tâtonnement mechanism • A " Hill Climbing " approach Utility Functions • Describe a player's preferences • Specify a quantity for all prices Protocol • Sellers set the initial price • Buyers pledge quantity at price • Equilibrium sets the final price Real World Market Applications • Tokyo Grain Exchange (itayose) Debate on Applicability...

A combined deficiency of vitamin A and E was diagnosed in finisher cattle in a 12,000 head feedlot producing beef for the Japanese market. It was estimated that approximately 2,000 cattle were affected at any one time (i,eu cattle between 220 and 300 days in the feedlot).The diet was based on grain and corn silage and although each animal had been injected with l,000,000IU vitamin A and 1OOIU v...

Hedonic pricing analysis is conducted to determine the implicit values of various attributes in the market value of a good. In this study, hedonic pricing analysis was applied to measure the contribution of grain quality search and experience attributes to the price of rice in two rural towns in the Philippines. Rice samples from respondents underwent quantitative routine assessments of grain q...

Ethanol produced from biomass, such as corn grain or sugar cane, is a renewable fuel that helps lessen dependence on petroleum-based fossil fuels. Currently, the majority of ethanol production in the United States utilizes corn grain, which supplied about 14 billion gallons of ethanol to the market in 2012. In the near future, corn supplies for ethanol are expected to be limited due to concerns...

INTRODUCTION: More than two decades after the initiation of agricultural market reforms in eastern and southern Africa (ESA), governments in the region are increasingly using parastatal grain marketing boards (GMBs) and/or strategic grain reserves (SGRs) to directly influence the prices faced by farmers and consumers (Jayne Chapoto, and Govereh 2007). In Zambia, the government through the Food ...

Granulated Sugar A. R. N E E S 1 The users of sugar, especially the commercial users, are making increased demands for sugars of various types based on grain size. Some candy makers want coarse sugar because it handles bet ter in their kettles, bakers want fine sugar because it creams more easily in cake batter, and many housewives want an intermediate size which is neither coarse nor fine. If ...

Food security commands much attention from policy makers and economists in China as well as in other less developed countries. Following WTO accession, the impact of trade liberalization has also received much comment, particularly the linkage between food security and opening the border to more agricultural trade. To better understand how food security is affected by trade policies, this paper...