{"id":9608,"date":"2020-09-24T08:31:00","date_gmt":"2020-09-24T12:31:00","guid":{"rendered":"https:\/\/ag.purdue.edu\/commercialag\/home\/?page_id=9608"},"modified":"2025-02-07T15:43:45","modified_gmt":"2025-02-07T20:43:45","slug":"purdue-agricultural-economics-report","status":"publish","type":"page","link":"https:\/\/ag.purdue.edu\/commercialag\/home\/purdue-agricultural-economics-report\/","title":{"rendered":"Purdue Agricultural Economics Report"},"content":{"rendered":"\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ag.purdue.edu\/commercialag\/home\/wp-content\/uploads\/2022\/03\/AgEconReport2.png\" alt=\"Purdue Agricultural Economics Report\" height=\"300\" width=\"1000\" title=\"AgEconReport2\" \/>\n\t<p>The Purdue Agricultural Economics Report (PAER) exists to serve and further the core mission of the department to engage with real world problems that are of value to stakeholders. The scholarship communicated in this publication will represent the department\u2019s excellence in creative endeavor for new knowledge and its dissemination in the economics of agriculture and natural resources.<\/p>\n<h2>\n\t\tRecent Publication:\n\t<\/h2>\n\t<p><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/purdue-agricultural-economics-report\/archive\/\">View Publication Archive &gt;<\/a><\/p>\n<h2>\n\t\tArticles:\n\t<\/h2>\n\t\t\t<a href=\"#\" id=\"fl-accordion--label-0\">Filter\/Search<\/a>\n\t\t\t\t\t\t\t<a href=\"#\" id=\"fl-accordion--icon-0\"><i>Expand<\/i><\/a>\n\t\t<div class=\"facetwp-facet facetwp-facet-paer_authors facetwp-type-fselect\" data-name=\"paer_authors\" data-type=\"fselect\"><\/div><br \/>\n<div class=\"facetwp-facet facetwp-facet-paer_topic facetwp-type-fselect\" data-name=\"paer_topic\" data-type=\"fselect\"><\/div><br \/>\n<div class=\"facetwp-facet facetwp-facet-date facetwp-type-date_range\" data-name=\"date\" data-type=\"date_range\"><\/div><br \/>\n<div class=\"facetwp-facet facetwp-facet-keywords facetwp-type-search\" data-name=\"keywords\" data-type=\"search\"><\/div>\n<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/wp-content\/uploads\/2022\/05\/Response-to-Lark-et-al_b-May-2022_R.pdf\" target=\"\" rel=\"noopener\">Response to comments from Lark et al. regarding Taheripour et al. March 2022 comments on Lark et. al. original PNAS paper<\/a>Publication Date: May 2022Article ID: PAER-2022-12b<p>Farzad Taheripour, Steffen Mueller, Hoyoung Kwon, Madhu Khanna, Isaac Emery, Ken Copenhaver, &amp; Michael Wang <\/p>\nSummary: We recently reviewed the article published by Lark et al. (2022) in PNAS, detected various problematic assumptions, approaches, data, and results in that study. Based on our findings, we concluded that these authors overestimated GHG emissions of corn ethanol consumption due to the RFS.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/wp-content\/uploads\/2022\/05\/Response-to-Lark-et-al_b-May-2022_R.pdf\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/wp-content\/uploads\/2022\/05\/Comments-on-Environmental-Outcomes-of-the-U.S.-Renewable-Fuel-Standard.pdf\" target=\"\" rel=\"noopener\">Comments on \u201cEnvironmental Outcomes of the US Renewable Fuel Standard\u201d<\/a>Publication Date: May 2022Article ID: PAER-2022-12a<p>Farzad Taheripour, Steffen Mueller, Hoyoung Kwon, Madhu Khanna, Isaac Emery, Ken Copenhaver, &amp; Michael Wang<\/p>\nSummary: Lark et al. (2022) recently published \u201cEnvironmental Outcomes of the US Renewable Fuel Standard\u201d and addressed domestic land use change (LUC) of corn ethanol and associated greenhouse gas (GHG) emissions that are potentially caused by the U.S. Renewable Fuel Standard (RFS), as introduced in the 2005 Energy Policy Act and in the 2007 Energy Independence and Security Act (EISA). To do so, <a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/wp-content\/uploads\/2022\/05\/Comments-on-Environmental-Outcomes-of-the-U.S.-Renewable-Fuel-Standard.pdf\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/state-of-the-graduate-program-april-2022\" target=\"\" rel=\"noopener\">State of the Graduate Program, April 2022<\/a>Publication Date: April 2022Article ID: PAER-2022-11<p>Dr. Nicole Olynk Widmar, Professor of Agricultural Economics<\/p>\nSummary: Dr. Nicole Widmar provides an update on the State of the Purdue Ag Econ Graduate Program.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/state-of-the-graduate-program-april-2022\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/valuation-of-land-grant-university-education-under-covid-19-students-willingness-to-pay-for-alternative-study-options\" target=\"\" rel=\"noopener\">Valuation of land grant university education under COVID-19: students\u2019 willingness-to-pay for alternative study options<\/a>Publication Date: April 2022Article ID: PAER-2022-12<p>Yizhou Hua, Ph.D. Candidate; Holly Wang, Professor of Agricultural Economics; and Christine Wilson, Professor &amp; Associate Dean at College of Agriculture<\/p>\nSummary: Purdue\u2019s undergraduate students are willing to pay $1545 (31%) and $384 (7.6%) less for online and hybrid options respectively compared with the in-person study option, given the basic in-person tuition rate $5000 per semester at Purdue.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/valuation-of-land-grant-university-education-under-covid-19-students-willingness-to-pay-for-alternative-study-options\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/a-good-time-to-understand-the-agricultural-supply-chain\" target=\"\" rel=\"noopener\">A good time to understand the agricultural supply chain<\/a>Publication Date: April 2022Article ID: PAER-2022-13<p>Dr. Francisco Scott, Economist, Federal Reserve Bank of Kansas City<\/p>\nSummary: The supply chain in agriculture is dynamic. Dr. Scott provides a few examples of how to understand demand, supply, and competition in some parts of the supply chain.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/a-good-time-to-understand-the-agricultural-supply-chain\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/evaluating-usdas-farm-debt-forecast\" target=\"\" rel=\"noopener\">Evaluating USDA\u2019s Farm Debt Forecast<\/a>Publication Date: April 2022Article ID: PAER-2022-14<p>Pedro Antonio Diaz Cachay, Masters Student; Dr. Todd Kuethe, Associate Professor and Schrader Endowed Chair in Farmland Economics<\/p>\nSummary: We find that ERS forecasts for farm debt are unbiased, as the forecasts do not systematically differ from realized values. However, ERS forecasts are inefficient, as they over-react to new information.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/evaluating-usdas-farm-debt-forecast\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/informativeness-of-usdas-agricultural-export-projections\" target=\"\" rel=\"noopener\">Informativeness of USDA\u2019s agricultural export projections<\/a>Publication Date: April 2022Article ID: PAER-2022-15<p>Hari P. Regmi, Ph.D. Student; and Todd H. Kuethe, Associate Professor and Schrader Endowed Chair in Farmland Economics<\/p>\nSummary: USDA baseline export projections exhibits downward bias. Projections of total exports and high value commodities are informative up to year four while bulk commodities export projections are informative up to year three.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/informativeness-of-usdas-agricultural-export-projections\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/do-gov-farm-support-programs-affect-the-adoption-of-farm-technology-and-sustainable-production-practices\" target=\"\" rel=\"noopener\">Do Government Farm Support Programs affect the Adoption of Farm Technology and Sustainable Production Practices?<\/a>Publication Date: April 2022Article ID: PAER-2022-16<p>Haden Comstock, M.S. Student; Nathan DeLay, Assistant Professor<\/p>\nSummary: This paper finds that there may be a positive correlation between participation in the Federal Crop Insurance Program (FCIP) and time to adoption of certain Precision Agriculture Technologies (PATs).<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/do-gov-farm-support-programs-affect-the-adoption-of-farm-technology-and-sustainable-production-practices\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/food-production-and-population-growth-a-cautionary-tale\" target=\"\" rel=\"noopener\">Food Production and Population Growth: A Cautionary Tale<\/a>Publication Date: April 2022Article ID: PAER-2022-17<p>Mario Ortez, Doctoral Candidate<\/p>\nSummary: In the late 1700\u2019s Thomas Malthus famously worried that food production would not keep up with population growth. Here in his own words: \u201cThe power of population is indefinitely greater than the power in the earth to produce subsistence for man\u201d (Malthus, 2010). Thereafter, Fr. Gregor Mendel, O.S.A. laid the foundation of modern genetics, Louis&hellip;<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/food-production-and-population-growth-a-cautionary-tale\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/chicken-labels-how-do-consumer-beliefs-impact-preference-for-labels\" target=\"\" rel=\"noopener\">Chicken labels: How do consumer beliefs impact preference for labels?<\/a>Publication Date: April 2022Article ID: PAER-2022-18<p>Zach Neuhofer, Doctoral Candidate<\/p>\nSummary: We decomposed consumer preferences for food labels, such as organic, into the impacts resulting from beliefs about health, taste, food safety, and animal welfare. We find consumers have a positive association with labels on chicken, and that health and taste perception are primary drivers of demand.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/chicken-labels-how-do-consumer-beliefs-impact-preference-for-labels\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/digital-agriculture-and-rural-broadband\" target=\"\" rel=\"noopener\">Digital Agriculture and Rural Broadband<\/a>Publication Date: April 2022Article ID: PAER-2022-19<p>Douglas Abney, M.S. Student; Brady Brewer, assistant professor of agricultural economics; and Nathan DeLay assistant professor of agricultural economics<\/p>\nSummary: We studied the presence of digital agriculture jobs in the agricultural job market and reflected on the economic impact of rural broadband connectivity on digital agriculture jobs.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/digital-agriculture-and-rural-broadband\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/anything-but-overprediction-usda-milk-price-forecasts\" target=\"\" rel=\"noopener\">Anything but Overprediction: USDA Milk Price Forecasts<\/a>Publication Date: April 2022Article ID: PAER-2022-20<p>Chad Fiechter, Doctoral Student<\/p>\nSummary: USDA price forecasts for steers, barrows and gilts, broilers and turkeys are unbiased and efficient. However, the USDA milk price forecasters prefer to under-predict price movements.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/anything-but-overprediction-usda-milk-price-forecasts\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/key-takeaways-from-commitment-behaviour-in-the-world-trade-organizations-trade-facilitation-agreement-by-hillberry-and-zurita-2022\" target=\"\" rel=\"noopener\">Key Takeaways from \u201cCommitment Behaviour in the World Trade Organization\u2019s Trade Facilitation Agreement\u201d by Hillberry and Zurita (2022)<\/a>Publication Date: April 2022Article ID: PAER-2022-21<p>Carlos Zurita, Doctoral Candidate<\/p>\nSummary: The Trade Facilitation Agreement (TFA) is a novel \u00e1-la-carte agreement negotiated among members of the World Trade Organization. The TFA allows country member governments to choose only those provisions that they feel capable to be held responsible for. Hillberry and Zurita (2022) study the TFA\u2019s cross-country commitment behavior and provide three main takeaways. Some TFA measures are perceived to be more difficult to implement than others. Countries with higher income levels are prepared to implement more measures. The content of commitments made is mostly explained by the number of commitments made. Although aid for trade facilitation helps, it may take decades for developing countries to fully implement the TFA.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/key-takeaways-from-commitment-behaviour-in-the-world-trade-organizations-trade-facilitation-agreement-by-hillberry-and-zurita-2022\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/understanding-the-growing-climate-solutions-act\" target=\"\" rel=\"noopener\">Understanding the Growing Climate Solutions Act<\/a>Publication Date: February 2022Article ID: PAER-2022-10<p>Megan N. Hughes, Ph.D. Student Agricultural Economics; Olivia Wyrick, Student Natural Resources and Environmental Sciences; Carson J. Reeling, Associate Professor; and Meilin Ma, Assistant Professor<\/p>\nSummary: A lack of regulation has led to variance in the quality of carbon offsets generated in carbon markets. Improved verification standards may help to improve the long-term sustainability of these programs.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/understanding-the-growing-climate-solutions-act\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/general-economic-outlook-covid-calls-the-shots-again\" target=\"\" rel=\"noopener\">General Economic Outlook \u2013 COVID calls the shots again<\/a>Publication Date: January 2022Article ID: PAER-2022-1<p>Larry DeBoer, Agricultural Economics Professor Emeritus<\/p>\nSummary: Uncertainty over the course of the pandemic and the response by workers and businesses to inflationary pressures are expected to be the determining factors in what is likely to be slower GDP growth in 2022.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/general-economic-outlook-covid-calls-the-shots-again\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/the-impact-of-covid-19-on-households-lessons-for-2022\" target=\"\" rel=\"noopener\">The Impact of COVID-19 on Households: Lessons for 2022?<\/a>Publication Date: January 2022Article ID: PAER-2022-2<p>Author: Maria I. Marshall, Professor, Jim and Lois Ackerman Endowed Chair in Agricultural Economics<\/p>\nSummary: COVID-19 exposed how lack of childcare impacts households and employment.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/the-impact-of-covid-19-on-households-lessons-for-2022\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/trade-and-trade-policy-outlook-2022\" target=\"\" rel=\"noopener\">Trade and trade policy outlook, 2022<\/a>Publication Date: January 2022Article ID: PAER-2022-3<p>Author: Russell Hillberry, Professor of Agricultural Economics<\/p>\nSummary: While trade policy does not appear to be a major priority of the Biden Administration, it does affect many key objectives. One example is the supply chain problem, which may not be fully resolved in 2022. <a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/trade-and-trade-policy-outlook-2022\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/how-economic-shocks-may-impact-farm-bill-agenda\" target=\"\" rel=\"noopener\">How might the past four years of economic shocks inform the next Farm Bill agenda?<\/a>Publication Date: January 2022Article ID: PAER-2022-4<p>Author: Roman Keeney, Associate Professor of Agricultural Economics<\/p>\nSummary: Payments to farmers have spiked the past four years from trade war and COVID assistance. Should the next Farm Bill expand its criteria for emergency assistance to wider economy shocks?<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/how-economic-shocks-may-impact-farm-bill-agenda\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/the-year-of-food-price-inflation\" target=\"\" rel=\"noopener\">The Year of Food Price Inflation<\/a>Publication Date: January 2022Article ID: PAER-2022-5<p>Author: Jayson L. Lusk, Distinguished Professor and Department Head of Agricultural Economics<\/p>\nSummary: Almost two years into the pandemic, concerns about empty grocery shelves have been replaced by concerns about higher food prices. Increases in wages in the food sector, rising agricultural commodity prices, transportation bottlenecks, and strong consumer demand have led to the highest annual grocery price increases in a decade and the highest annual restaurant price increases since the early 1980s.<a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/the-year-of-food-price-inflation\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a><a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/dairy-and-milk-markets-in-2021-2022\" target=\"\" rel=\"noopener\">Dairy and Milk Markets in 2021-2022<\/a>Publication Date: January 2022Article ID: PAER-2022-6<p>Author: Nicole Olynk Widmar, Professor of Agricultural Economics<\/p>\nSummary: Total US cow numbers and milk production have declined in the second half of 2021 placing upward pressure on prices heading into 2022. Changes in consumption have been highly product specific and the discussions surrounding fluid milk consumption, especially among children, continue.  Potential changes in preferences surrounding milk fat content in products are worthy of watching in the coming years. <a href=\"https:\/\/ag.purdue.edu\/commercialag\/home\/paer-article\/dairy-and-milk-markets-in-2021-2022\" target=\"\" rel=\"noopener\"><button>Read More<\/button><\/a>\n\n.fwpl-layout {\n    display: grid;\n    grid-template-columns: 1fr;\n    grid-gap: 10px;\n}\n.fwpl-row {\n    display: grid;\n}\n.fwpl-row.el-gk9em4 {\n    grid-template-columns: 1fr;\n    border-style: solid;\n    border-color: #d2d2d2;\n    border-width: 0px 0px 1px 0px;\n    padding: 10px 0px 20px 0px;\n}\n.fwpl-item.el-mxv4e1,\n.fwpl-item.el-mxv4e1 a {\n    color: #000000;\n}\n.fwpl-item.el-og1db,\n.fwpl-item.el-og1db a {\n    padding: 0px 0px 20px 0px;\n}\n.fwpl-item.el-0ga39m button {\n    text-align: right;\n}\n@media (max-width: 480px) {\n    .fwpl-layout {\n        grid-template-columns: 1fr;\n    }\n}\n\n\t\t\t<a href=\"https:\/\/ag.purdue.edu\/agecon\/Pages\/Purdue-Agricultural-Economics-Report-Archive.aspx\" target=\"_self\" role=\"button\" rel=\"noopener\">\n\t\t\t\t\t\t\tVisit PAER Archive\n\t\t\t<\/a>\n","protected":false},"excerpt":{"rendered":"<p>The Purdue Agricultural Economics Report (PAER) exists to serve and further the core mission of the department to engage with real world problems that are of value to stakeholders. The scholarship communicated in this publication will represent the department\u2019s excellence<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-9608","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Purdue Agricultural Economics Report (PAER) - Purdue University<\/title>\n<meta name=\"description\" content=\"The Purdue Agricultural Economics Report (PAER) exists to serve and further the core engagement mission of the Department of Agricultural Economics at Purdue University. 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