Anderson, David P.

September, 2022

By: Calil, Yuri Clements Daglia ; Ribera, Luis A. ; Anderson, David P. ; Koury Filho, William
The Nellore breed is the cornerstone of BrazilÕs successful beef production. However, Nellore seedstock pricing has yet to be understood. We performed a hedonic analysis under a hierarchical model to explore how physical, morphological, genetic, and market factors affect the prices of purebred animals sold at auctions. The findings indicated that visual scores, expected progeny differences, farm reputation, and auction type explain variations in prices. In addition, the morphological index brought higher premiums than the genetic index. The results have implications for farmers, genetic improvement programs, and policymakers as they indicate relevant factors in the seedstock cattle price formation process.

September, 2021

By: Fei, Chengcheng J.; Vedenov, Dmitry V.; Stevens, Reid B.; Anderson, David P.
The paper analyzes the effectiveness of joint- versus single-commodity hedging for inputs and outputs of the cattle feeding cycle using the second-order lower partial moment (LPM2) as the risk measure. Joint hedging always results in higher hedging effectiveness than the single-commodity hedging, but the difference is often small. The difference in performance is found to be explained by the commodity price dependence measures (Kendall's _). Ranges of _ leading to substantial improvement in risk reduction due to joint hedging are identified. The joint hedging strategy is worth implementing when the observed price dependence measures fall within the identified ranges.

July, 1999

By: Anderson, David P.; Wilson, Paul N.; Thompson, Gary D.
Strategic investments in agriculture often are lumpy and irreversible, with significant impacts on operating and fixed costs. Leveling cotton fields to zero slope in central Arizona is a strategic decision made by relatively younger farmers who are farming fine-textured soils in irrigation districts with higher expected water costs. The diffusion of the technology across the region between 1968-89 appears to be both a function of institutional changes (e.g., the Groundwater Management Act of 1980, the Central Arizona Project) and the long-run expected price changes induced by these new policies.