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  • Articles  (11)
  • Agricultural Technology  (11)
  • 2010-2014  (11)
  • 1980-1984
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  • Economics  (11)
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  • 1
    Publication Date: 2014-01-22
    Description: The increased adoption of fertilizer and improved seeds are two key aspects to raising the level of land productivity in Ethiopian agriculture. However, the adoption and diffusion of such technologies has been slow. We use data from Ethiopia between 1999–2009 to examine the role of learning from extension agents versus learning from neighbors for both improved seeds and fertilizer adoption. We combine farmers' spatial networks with panel data to identify these influences, and find that while the initial impact of extension agents was high, the effect wore off after some time, in contrast to learning from neighbors.
    Keywords: C31 - Cross-Sectional Models ; Spatial Models ; Treatment Effect Models, Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services
    Print ISSN: 0002-9092
    Electronic ISSN: 1467-8276
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 2
    Publication Date: 2014-04-05
    Description: Over the past several decades, the private sector has assumed a larger role in developing improved technology for food and agriculture. Private companies fund nearly all food processing research and development (R&D) and perform a growing share of production-oriented R&D for agriculture. In addition, institutional partnerships for public–private research collaboration are growing in the United States and other countries. This article outlines the major forces driving these changes and offers an interpretive framework to explore some of the implications for the volume and nature of research performed by the public and private sectors. One of the critical issues is whether public agricultural research complements and thereby stimulates additional private agricultural R&D investments. Another important issue concerns the role and contribution of alternative public–private partnership arrangements. To date, changes in the institutional structure of public and private agricultural research have outpaced systematic investigation, and new theoretical and empirical research is needed to help guide policy and address key societal challenges, such as climate change, clean energy, water scarcity, food safety, and health.
    Keywords: O30 - General, Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services
    Print ISSN: 0002-9092
    Electronic ISSN: 1467-8276
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 3
    Publication Date: 2011-12-27
    Description: The transition from a centrally planned to a more market-oriented economy provides a natural experiment on the role of institutions and exchange in economic development, and more specifically on firm growth. This paper uses survey data from Bulgaria to analyse the impact of exchange problems and institutional innovations on farm growth. Late payments have a negative influence on farm growth, while contracting with interlinked programmes has a positive effect on farm growth.
    Keywords: O12 - Microeconomic Analyses of Economic Development, P31 - Socialist Enterprises and Their Transitions, Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets, Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services
    Print ISSN: 0165-1587
    Electronic ISSN: 1464-3618
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 4
    Publication Date: 2014-11-11
    Description: Despite the growing importance of licence revenue to cash-strapped universities and research institutions, there has been no formal attempt to develop pricing models for patent licences. We recognise that patents are options on the stream of future revenues, and apply option-valuation techniques to determine licence prices. We find that accounting for path-dependency in licence revenue streams generates prices that more nearly approximate observed patent prices. While non-path-dependent prices yield conventional sensitivities to volatility, mean-reversion and returns-growth, path-dependent prices show highly non-linear comparative statics. These results are important both for patent licensees and for licensors seeking to maximise licence revenue.
    Keywords: D45 - Rationing ; Licensing, G12 - Asset Pricing ; Trading volume ; Bond Interest Rates, L24 - Contracting Out ; Joint Ventures ; Technology Licensing, Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services
    Print ISSN: 0165-1587
    Electronic ISSN: 1464-3618
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 5
    Publication Date: 2014-12-03
    Description: This study observationally and statistically assesses theories put forth regarding expected price behavior of Renewable Identification Numbers (RINs) using a dataset of daily RIN price observations from January 2009 through May 2013. RIN price behavior tends to follow theoretical expectations, but some notable exceptions occur, the causes of which remain uncertain. Information provided by RIN prices is used to test the implications of a binding renewable fuel standard (RFS) versus a nonbinding RFS on ethanol-gasoline and corn-gasoline price relationships. In certain cases, cointegration tests provide evidence that the relationships are weaker when the RFS mandates are believed to be binding.
    Keywords: C32 - Time-Series Models, Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services, Q48 - Government Policy
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 6
    Publication Date: 2014-12-13
    Description: This article develops a forestry model to obtain the optimal control strategy and optimal rotation length after a disease attacks in a perennial variety. Three cases are considered: a benchmark consisting of a disease-free field, an identical field with the disease present but no resistant variety with which to replant, and an identical field with the disease present and a resistant variety with which to replant. We determine general decision rules and then apply the model to the case of Pudrición del Cogollo, a major disease threat to the Colombian oil palm industry. In the application, we compare the optimal rotation length between the three scenarios and determine the optimal level of control in each period for the disease scenarios. The singular solution involves complete control of the disease, and in the absence of a resistant variety, the presence of the disease increases the rotation length. With these solutions, we then determine the value of developing a resistant variety. This value depends heavily on the age distribution of the current trees and decreases as the average tree age decreases. The value further declines when the resistance variety has negative attributes such as higher replanting and maintenance costs than the original variety.
    Keywords: C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis, Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets, Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services, Q23 - Forestry
    Print ISSN: 0002-9092
    Electronic ISSN: 1467-8276
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 7
    Publication Date: 2014-09-02
    Description: At odds with a vast body of economic evidence reporting exceptionally high rates of return to investments in agricultural research and development (R&D), growth in public R&D spending for food and agriculture has slowed in numerous, especially rich, countries worldwide. The observed R&D spending behavior is consistent with a determination that the reported rates of return are perceived as implausible by policy makers. We examine this notion by scrutinizing 2,242 investment evaluations reported in 372 separate studies from 1958 to 2011. We find that the internal rate of return (IRR) is the predominant summary measure of investment performance used in the literature despite methodological criticisms dating back more than a half century. The reported IRRs imply rates of return that are implausibly high. We investigate the reasons for these implausibly high estimates by analytically comparing the IRR to the modified internal rate of return (MIRR). The MIRR addresses several methodological concerns with using the IRR, has the intuitive interpretation as the annual compounding interest rate paid by an investment, and is directly related to the benefit–cost ratio. To obtain more credible rate of return estimates, we then develop a novel method for recalibrating previously reported IRR estimates using the MIRR when there is limited information on an investment's stream of benefits and costs. Our recalibrated estimates of the rate of return are more modest (median of 9.8% versus 39% per year); however, they are still substantial enough to question the current scaling back of public agricultural R&D spending in many countries.
    Keywords: O22 - Project Analysis, Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services, Q18 - Agricultural Policy ; Food Policy
    Print ISSN: 0002-9092
    Electronic ISSN: 1467-8276
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 8
    Publication Date: 2013-11-22
    Description: Following the failure of legislative proposals for a multi-sector greenhouse gas (GHG) cap-and-trade policy, the shift in focus to energy sector policies ignores the perhaps substantial potential for GHG mitigation from agriculture/forestry. We review estimates of the current U.S. agriculture sector contribution to GHG mitigation from a portfolio of existing sector policies in bioenergy, conservation, and research and development to compare accomplishments across programs. We then consider what opportunities and challenges may exist for increasing sector GHG mitigation by retargeting and/or expanding current programs—or for bioenergy-related mitigation, implementing proposed new programs—to serve as an alternative to cap-and-trade.
    Keywords: Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services, Q42 - Alternative Energy Sources, Q54 - Climate ; Natural Disasters ; Global Warming, Q58 - Government Policy
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 9
    Publication Date: 2013-11-22
    Description: This paper focuses on the disadoption of rbST and addresses two key questions related to rbST use and its effects on dairy profitability. First, what are the determinants of the disadoption decision, and do they differ from those of the adoption decision? Second, do the earnings of disadopters differ from those of current adopters? Using a nationally representative dataset of U.S. dairies from 2010, a bivariate probit model with partial observability and an endogenous switching model is estimated. Consistent with other studies, the results show that rbST use does not have a statistically significant effect on dairy profitability. However, within the group of producers who have adopted rbST, I present some empirical evidence that disadopters are doing worse off than those who are still using rbST.
    Keywords: Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets, Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 10
    Publication Date: 2014-05-16
    Description: Increasing agricultural yields seem an obvious way to satisfy increasing demands for food and fuel while minimizing expansion of agriculture into forest areas; however, an influential literature worries that promoting agricultural innovation could enhance agriculture's profitability thereby encouraging deforestation. Clarifying the effects of agricultural technological progress on deforestation is therefore crucial for designing effective policy responses to the challenges faced by global agriculture. In this article we review the empirical evidence on these effects and synthesize estimates of future global cropland expansion. Our main insights are that: (i) the empirical evidence on a positive link between regional technological progress and deforestation is much weaker than what seems generally accepted; (ii) at a global level, most analysts expect broad based technological progress to be land saving; however, composition effects are important as low-yield, land-abundant regions are likely to experience further land expansion. Toward the future, empirical work understanding how localized technological progress in agriculture transmits through international trade and commodity markets will help to bridge the gap between the findings of local, econometric, studies on the one hand and global, model based, studies on the other.
    Keywords: Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services, Q23 - Forestry, Q55 - Technological Innovation
    Print ISSN: 2040-5790
    Electronic ISSN: 2040-5804
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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  • 11
    Publication Date: 2013-11-02
    Description: Integrated pest management has proved cost-effective in coping with crop pests. This article identifies characteristics of pests, controls and economic incentives that may make the development of an integrated joint pest management (IJPM) strategy – designed for simultaneous control of multiple pests – worthwhile. We demonstrate via a case study that an IJPM strategy may add considerable value for on-farm corn storage. Critical factors for an IJPM strategy are that the pests are affected by the same environmental variables, but with different thresholds and response functions; controls for one pest impact other pests; and the pests have similar economic importance.
    Keywords: Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets, Q16 - R&D ; Agricultural Technology ; Agricultural Extension Services
    Print ISSN: 0165-1587
    Electronic ISSN: 1464-3618
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Economics
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