We address the valuation of an operating wind farm and the …nite-lived option to invest in it under di¤erent reward/support schemes. They range from a feed-in tari¤ to a premium on top of electricity market price, to a transitory subsidy. Availability of futures contracts on electricity with ever longer maturities allows to undertake market-based valuations. The model considers up to three sour...

Increased prices for nonrenewable heating fuels (such as propane, heating oil, and natural gas) have residential and farm consumers seeking more sustainable solutions to their heating needs. Price increases among these fuels will remain a trend as a combination of decreased reserves and increased demand continues to limit supply (EIA, 2012). Pellets produced from abundant biomass sources—such a...

Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Game-based bargaining theory is presented to evaluate the potential of and stability of cooperative coalition among producers for enhancing producer returns and managing market price and income risk. Results clarify that collective bargainin...

The interest of consumers in farming activities is evident and agricultural producers have responded to this increasing interest in a number of ways, including inviting visitors to farm operations through tourism or farm visits. Livestock industries, in particular, are interacting with the public in numerous ways, including via marketing channels for their products, interacting with community l...

Reform (FAIR) Act implemented farm program contract payments that do not increase as agricultural prices fall, shifting farm policy toward a greater emphasis on risk management and, in particular, on crop insurance. This shift has resulted in the introduction of new types of insurance policies; especially those that provide both yield and price protection. Several new and innovative crop polici...

We conducted preference assessments with 4 typically developing children to identify potential reinforcers and assessed the reinforcing efficacy of those stimuli. Next, we tested two predictions of economic theory: that overall consumption (reinforcers obtained) would decrease as the unit price (response requirement per reinforcer) increased and that the cost and benefit components that defined...

Low-trophic-level fish are a crucial source of long-chain (LC) omega-3 fatty acids for farmed fish and humans. Many farm-raised fish species have a clear need for these nutrients. Farmed fish deposit the LC omega-3s in their flesh and transfer them up the food chain. However, the content of LC omega-3s in farm-raised seafood continues to decline, while the content of shorter-chain plant-sourced...