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End User Preferences for USDA Market Information

Author

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  • Pruitt, J. Ross
  • Tonsor, Glynn T.
  • Brooks, Kathleen R.
  • Johnson, Rachel J.

Abstract

Buyers and sellers of agricultural commodities benefit from public provision of information in decision-making processes. The purpose of this study is to improve understanding of current preferences for public agricultural information. Results indicate preference for farm level reports by Extension agents and leading economic indicators by agribusiness or market analysts.

Suggested Citation

  • Pruitt, J. Ross & Tonsor, Glynn T. & Brooks, Kathleen R. & Johnson, Rachel J., 2013. "End User Preferences for USDA Market Information," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 143007, Southern Agricultural Economics Association.
  • Handle: RePEc:ags:saea13:143007
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    File URL: http://purl.umn.edu/143007
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    References listed on IDEAS

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    1. Lawrence, John D. & Shafer, John & Hayenga, Marvin L., 1996. "Valuing Public Price Reporting: The Iowa Experience," Staff General Research Papers Archive 5148, Iowa State University, Department of Economics.
    2. Bailey, DeeVon & Brorsen, B. Wade, 1998. "Trends In The Accuracy Of Usda Production Forecasts For Beef And Pork," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(02), December.
    3. Alston, Julian M. & Wyatt, T. J. & Pardey, Philip G. & Marra, Michele C. & Chan-Kang, Connie, 2000. "A meta-analysis of rates of return to agricultural R & D: ex pede Herculem?," Research reports 113, International Food Policy Research Institute (IFPRI).
    4. Irwin, Scott H. & Good, Darrel L. & Gomez, Jennifer K., 2001. "The Value Of Usda Outlook Information: An Investigation Using Event Study Analysis," 2001 Conference, April 23-24, 2001, St. Louis, Missouri 18948, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    5. Hayami, Yujiro & Peterson, Willis, 1972. "Social Returns to Public Information Services: Statistical Reporting of U. S. Farm Commodities," American Economic Review, American Economic Association, vol. 62(1), pages 119-130, March.
    6. Jayson L. Lusk & Brian C. Briggeman, 2009. "Food Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(1), pages 184-196.
    7. Andrew M. McKenzie, 2008. "Pre-Harvest Price Expectations for Corn: The Information Content of USDA Reports and New Crop Futures," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(2), pages 351-366.
    8. Garcia, Philip & Irwin, Scott H. & Leuthold, Raymond M. & Yang, Li, 1997. "The value of public information in commodity futures markets," Journal of Economic Behavior & Organization, Elsevier, vol. 32(4), pages 559-570, April.
    9. Victoria Salin & Amy P. Thurow & Katherine R. Smith & Nicole Elmer, 1998. "Exploring the Market for Agricultural Economics Information: Views of Private Sector Analysts," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 20(1), pages 114-124.
    10. Allen, P. Geoffrey, 1994. "Economic forecasting in agriculture," International Journal of Forecasting, Elsevier, vol. 10(1), pages 81-135, June.
    11. Lawrence, John D. & Shaffer, John A. & Hayenga, Marvin L., 1996. "Valuing Public Price Reporting: The Iowa Experience," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 14(1).
    12. Sanders, Dwight R. & Manfredo, Mark R., 2002. "Usda Production Forecasts For Pork, Beef, And Broilers: An Evaluation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(01), July.
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    Cited by:

    1. repec:spr:agrhuv:v:34:y:2017:i:4:d:10.1007_s10460-017-9777-9 is not listed on IDEAS
    2. Pruitt, J. Ross & Tonsor, Glynn T. & Brooks, Kathleen R., 2014. "Eliciting Expert Opinion on Components of USDA Market Livestock Information," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169389, Agricultural and Applied Economics Association.
    3. Brooks, Kathleen R. & Ellison, Brenna, 2014. "Which Livestock Production Methods Matter Most to Consumers?," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 173517, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    Best-Worst Scaling; Livestock; Public Information; Value of Information; Agribusiness; Agricultural and Food Policy; Livestock Production/Industries; Marketing; D82; G14; Q13; Q18;

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy

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