Concurrent Session Schedule (4 of 8)

Monday, July 28, 2014
4:30 pm - 6:00 pm
Hyatt Regency Hotel

*Please note that this is a preliminary schedule and content may change prior to the Annual Meeting*

-Concurrent Session Schedule Homepage-

Contents:

I. Invited Case Study Session
            Session 1067
II. Track Sessions
            Session 1068 ARA
            Session 1069 COSBAE/Int'l
            Session 1070 AEM/TLC
            Session 1071 EXT
            Session 1072 FSN/IBES
III. Organized Symposium Sessions
            Session 1073 IAAE/Int'l (International Development)
            Session 1074 (International Development) 
            Session 1075 (Teaching, Communication, and Extension)        
            Session 1076 (Natural Resource Economics)
            Session 1077 AARES
IV. Selected Presentation Paper Sessions
            Session 1078 (Ag Finance and Farm Management)
            Session 1079 (Demand and Price Analysis)
            Session 1080 (Environmental and Nonmarket Valuation)
            Session 1081 (Food and Agricultural Policy Analysis)
            Session 1082 (Food and Agricultural Policy Analysis)
            Session 1083 (Household and Labor Economics)
            Session 1084 (International Development)
            Session 1085 (Natural Resource Economics)
            Session 1086 (Production Economics)
            Session 1087 (Rural/Community Development)
            Session 1088 (Risk and Uncertainty)

 

I. Invited Case Study Session

Session 1067 Agriculture, Food, and Natural Resources Case Studies
Invited Case Studies
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Regency

Case studies show how the application of economic principles may inform the public or private sectors in making better decisions.  They present solutions and explanations of AAEA relevant problems for their targeted audiences and cover a wide range of topics, from food safety to environmental policy.  This year the session’s topics cover the organic farm, dairy, and seed industries.

Moderator: Jingjing Wang; University of Missouri Columbia
Case Studies:

• Dairy United
  Jingjing Wang; University of Missouri Columbia, Mei Chen; Dongbei University Finance and Economics, and Peter G. Klein; University of Missouri
   
• The Case Study of Organic Valley: Price Leadership - Price Stability?
  Ye Su; University of Missouri and Michael L. Cook; University of Missouri
   
• Wilson Seeds, Inc. A Period of Transition
  David Widmar; Purdue University, Allan W. Gray; Purdue University, and Michael A. Gunderson; Purdue University

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II. Track Sessions

Session 1068 Crop Insurance:  Opportunities and Challenges Facing the Industry
Track Session Paper ARA
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Main Level; Lakeshore B

Current and future economic and policy opportunities and challenges facing the crop insurance industry will be addressed by a panel of leading experts from government, private industry, and academia.  The discussion will focus on both domestic and international policy issues affecting the crop insurance industry and the implications for producer risk management options going forward.

Organizer: Scott W. Fausti; South Dakota State University
Discussant: Dmitry Vedenov; Texas A&M University
Presentations:

• Crop Insurance: Domestic Opportunities and Challenges Facing the Industry
  Thomas P. Zacharias; National Crop Insurance Services
   
• Crop Insurance:  International Opportunities and Challenges Facing the Industry
  Oscar Vergara; Air Worldwide
   
• Crop Insurance:  Opportunities and Challenges Facing Policy Administrators
  Dwight K. Lanclos: USDA-RMA

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Session 1069 Raising Productivity in African Agriculture: Issues and Implications for Development Strategy
Track Session Paper COSBAE/Int'l
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Fifth Level; Lake Superior B

In recent years interest has grown in explaining how African smallholders make choices that affect the productivity and resilience of their operations and how agricultural policy influences the choices made. The four papers in this moderated session provide state-of-the-art empirical analysis drawing on data at the farm- or household-level. Issues related to agricultural productivity and poverty reduction are emphasized. Topics addressed include adoption of modern maize varieties, efficiency of agricultural input subsidy programs, and critical review of how different African countries are attempting to foster agricultural development. Policy implications and new hypotheses arising from these papers will be discussed.

Organizers: Jeffrey J. Reimer; Oregon State University and Monica G. Fisher; International Maize and Wheat Improvement Center
Moderator: Titus O. Awokuse: University of Delaware
Presentations:

• Do Adult Equivalence Scales Matter in Poverty Estimates? Evidence from Ghana
  Timothy J. Dalton; Kansas State University, Gregory Regier; Kansas State University, Yacob A. Zereyesus; Kansas State University, and Vincent Amanor-Boadu; Kansas State University
   
• Economic Analysis of Modern Maize Varieties in Malawi
  Jeffrey J. Reimer; Oregon State University, Monica G. Fisher; International Maize and Wheat Improvement Center, and Woinishet Asnake; CIMMYT-Ethiopia
   
• Heterogeneous Approaches to Agricultural Development in Africa: Lessons from Ethiopia and Malawi
  Guush Berhane; International Food Policy Research Institute and Karl Pauw; International Food Policy Research Institute
   
• Whom Should Farm Input Subsidy Programs Target? Evidence from Malawi
  Jacob Rickert-Gilbert; Purdue University, Francis A. Darko; Purdue University, and Talip Kilic; The World Bank, and Gerald E. Shively; Purdue University

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Session 1070 Challenges and Opportunities in Creating a Global Campus through International Programs and Curriculum
Track Session Paper AEM/TLC
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Greenway G

In this track session, we will examine internationalizing the curriculum and research efforts by several universities. The Export Project at Illinois State University started with the intent to assist businesses in their international marketing efforts. The presenters will highlight the challenges of establishing a hands-on global project and the strategies they followed to overcome them. The incentives offered by various agriculture-related businesses and government or private entities as well as the challenges University of Kentucky faculty and students face to respond to the need for proactive agribusiness education abroad programs in China will be discussed. Presenter from Penn State University will introduce participants to a number of case studies and discuss how they prepare students for the embedded trip to France after the semester ends. Finally, presenters from University of Vermont and Ohio State University will discuss the opportunities and challenges for educators in designing, creating, and delivering global supply chain courses.

Organizer: Aslihan D. Spaulding; Illinois State University
Presentations:

• Challenges and Opportunities in Developing Global Agribusiness Curriculum
  Chyi-Lyi Liang; University of Vermont and Subbu Kummarappan; Ohio State University
   
• Creating Agribusiness Education Abroad in China: Institutional Support and Challenges faced by Faculty and Students
  Wuyang Hu; University of Kentucky
   
• Internationalizing the Curriculum with an Embedded International Trip and Food-based Case Studies
  Edward C. Jaenicke; Penn State University
   
• Multidisciplinary Approach to Help Creating a Global Campus – Export Project
  Aslihan D. Spaulding; Illinois State University

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Session 1071 Livestock Outlook
Track Session Paper EXT
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Mirage

This session continues the tradition of Extension Section Outlook organized symposia and will focus on livestock situation and outlook. The presenters will discuss the trends in domestic and global livestock production, trade, supplies, demand and prices as well as the prospects for profitability for the coming year.

Organizer: Jeremy Ross Pruitt; LSU AgCenter
Discussant: David P. Anderson; Texas A&M University
Presentations:

• Cattle and Beef
  Kenneth H. Burdine; University of Kentucky
   
• Dairy
  Scott Brown; University of Missouri
   
• Hogs and Pork
  Lee Schulz
   
• Poultry
  Jeremy Ross Pruitt; LSU AgCenter

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Session 1072 To Nudge or Not to Nudge: When Does Food Policy Become Paternalism?
Track Session Paper FSN/IBES
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Greenway A

Should high calorie foods and beverages be taxed? Should SNAP recipients be restricted in what they are allowed to purchase? In this session, panelists will discuss (1) whether and (2) to what extent policymakers should be involved in influencing consumers' food choices.

Organizer: Brenna Ellison; University of Illinois at Urbana-Champaign
Moderator: Jane M. Kolodinsky; University of Vermont
Panelists:

• Jayson L. Lusk; Oklahoma State University
• Lisa Mancino; USDA-ERS
• Sean B. Cash; Tufts University
• David R. Just; Cornell University
• Trenton G. Smith; University of Otago

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III. Organized Symposium Sessions

Session 1073 Developments in China's Agriculture
Organized Symposium Paper IAAE/Int'l (International Development)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Fifth Level; Lake Superior A

This session will involve three papers examining different aspects of China’s agricultural development. The first paper will report on a major study examining the implications of China’s urbanization for food security in China. The second will examine the implications of structural change in China’s agriculture. The third uses a simple econometric approach to examine the implications of income growth on China’s demand and supply for food.

Organizer: William J. Martin; World Bank
Presentations:

• Urbanization and Food Security in China
  Jikun Huang; Chinese Academy of Sciences, Scott Rozalle; Stanford University, Jun Yang; Chinese Academy of Sciences, Jinxia Wang; Center for Chinese Agricultural Policy and Chinese Academy of Sciences, Xiangzheng Deng; Chinese Academy of Sciences, Junfei Bai; Chinese Academy of Sciences
   
• Wage Growth, Landholding, Machine Investment and Services in China
  Futoshi Yamauchi; World Bank, Keijiro Otsuka; National Graduate Institute for Policy Studies, Xiaobing Wang; Center for Chinese Agricultural Policy - Chinese Academy of Sciences, and Jikun Huang; Center for Chinese Agricultural Policy - Chinese Academy of Sciences
   
• Who will feed China in the 21st Century
  William J. Martin; World Bank and Emiko Fukase; World Bank
   
• Trading off Volatility and Distortions: Economics and Politics of Food Policy during Price Spikes
  Johan F. M. Swinnen, University of Leuven

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Session 1074 China’s Increasingly Commercial Village-level Swine Producers:  Implications for World Grain, Oilseed, and Pork Markets, as well as Food Safety, and the Environment in China
Organized Symposium (International Development)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Northstar A

China’s growing and rapidly modernizing swine industry is a major driver of trends in world commodity markets, has contributed to improved diets in China, but is also generating adverse environmental effects and food safety concerns. While modern swine production facilities are growing rapidly in China, the bulk of pork production still takes place at the village-level with medium-sized producers that are getting larger and more sophisticated.  Despite its importance, little is known about this industry.  This symposium provides a series of presentations on village-level swine production in China using a panel survey of 450 swine producers stratified throughout China taken in 2011 and 2013.  The data covers issues such as size and structure of village-level production, feed and sow efficiency measures and their determinants, animal health and manure management practices, and marketing arrangements. This symposium will present preliminary research from this project to paint a picture of swine production in China, and opportunities to discuss implications for trade in feed and meat, future pork production growth, environmental outcomes, and food safety.

Organizer: Byran T. Lohmar; US Grains Council
Moderator: Michael Boddington
Discussants: Fred Gale; USDA-ERS and Dermont J. Hayes; Iowa State University
Presentations:

• Pork Production in China: Triangulating Feed, Consumption, and Slaughter Data to Determine Current Levels and Potential for Future Production and Consumption growth
  Bryan T. Lohmar; US Grains Council
   
• Feeding and Sow Productivity in Rural China: the Role of Size, and Technical Assistance from Input Providers and Contractors
  Dan Wang
   
• Swine Marketing Arrangements in China: Implications for Traceability and Food Safety
  Xiangping Jia
   
• Swine Waste Management in Rural China: Implications of Size, Markets, and Cropping Patterns
  Huang Weiming

Session 1075 How to Fund and Where to Publish the Scholarship of Teaching and Learning in Agricultural Economics and Agribusiness
Organized Symposium Paper (Teaching, Communication, and Extension)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Northstar A

The session will highlight the similarities and differences of the scholarship of teaching and learning (SoTL) from other funding and publication practices with which most academics are familiar. Panelists include SoTL researchers, editors of journals who publish SoTL work, and a university Center for Teaching and Learning director. These perspectives will provide attendees the ability to determine if SoTL work is compatible with their position, which opportunities may be most appropriate to pursue, and where to fund and publish their SoTL work.

Organizer and Moderator: Leah Greden Mathews; University of North Carolina-Asheville
Panelists:

• Rick Parker; NACTA Journal
• Michael A. Gunderson; Purdue University
• Ann Marie VanDerZanden; Iowa State University
• Leah Greden Mathews; University of North Carolina-Asheville

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Session 1076 Land Use Issues at the Urban Fringe:  Is there a Fundamental Disconnect Between Rural and Urban Analysts? Practitioners?
Organized Symposium Paper (Natural Resource Economics)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Northstar B

This symposium is part of a larger funded project designed to bring together scholars working on fringe land use issues from within rural disciplines, like agricultural economics, and urban disciplines, like city and regional planning.  Our premise is that these two groups of applied scholars study the same issues: “rural preservation” and “sprawl control” are essentially two names for the same perceived problem.  But they talk to different stakeholders, have different research approaches, read different journals, and often have different perspectives on what is important.

Organizer and Moderator: Paul D. Gottlieb; Rutgers University
Presentations:

• A multidisciplinary middle-ground examination of land use planning outcomes in the Portland, OR-Vancouver, WA metropolitan area
  Jeffrey D. Kline; USDA-Forest Service
   
• Deconstructing the real purpose of agricultural zoning
  Jesse J. Richardson, Jr.; Virginia Tech and Paul D. Gottlieb; Rutgers University
   
• Moving beyond land preservation: Planning for viable agriculture at the fringe
  Brian J. Schiling; Rutgers University
   
• The urban-rural fringe: Removing siloed scholarship and planning for the future
  Paul D. Gottlieb; Rutgers University

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Session 1077 Innovation in the Agricultural Bioeconomy: Implications for Yield, Market Concentration, and Regulation in the Crop Sector
Organized Symposium Paper (Environmental and Nonmarket Valuation)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Greenway D

Human-induced climate change is projected to increase the frequency and intensity of extreme events. However, the welfare impacts of these changes are poorly understood. The papers in this session examine the short- and long-run impacts of tornadoes, hurricanes, and ENSO on a range of economically important outcomes, including migration, employment, earnings, and human capital. The authors also consider the effects of ex-ante and ex-post policies, such as disaster assistance and rebuilding and draw implications as to what their appropriate role should be.

Moderator: Alan Randall; University of Sydney
Panelists:

• Alan Randall; University of Sydney
• Gregory D. Graff; Colorado State
• Elizabeth Nolan; University of Sydney

Presentations:

• Financial Risk Analysis of the Decision to Release a GM Crop Variety
  Emily Gray; Australian Bureau for Agricultural and Resource Economics and Sciences
   
• Innovation in the Global Bioeconomy
  Gregory D. Graff; Colorado State University, Devon Philips; University of Minnesota, and Philip G. Pardey; University of Minnesota
   
• Market concentration and productivity in the United States corn sector: 1996-2009
  Elizabeth Nolan; University of Sydney, Guanming Shi; University of Wisconsin, and Paulo J. Santos; Monash University

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IV. Selected Presentation Paper Sessions

Session 1078 Farm Finance
Selected Presentation Paper (Ag Finance and Farm Management)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Greenway E

This session examines a number of important topics in farm financial management.

Presentations:

• Federal Crop Insurance and Credit Constraints: Theory and Evidence
  Jennifer E. Ifft; USDA-ERS, Liang Lu; University of California-Berkeley, and Xiaodue Du; University of California Berkeley
   
• The Crowd-Out Effect of Crop Insurance and Farm Survival and Profitability
  Barrett Kirwan; University of Illinois at Urbana-Champaign
   

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Session 1079 The Interdependence of US Food and Energy Policies
Selected Presentation Paper (Demand and Price Analysis)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Greenway F

The policy push toward clean renewable sources of energy has created closer interrelationship between fuel and grain prices. The four studies explore the mechanisms and extent to which grain prices are associated with energy prices.

Presentations:

• Food for Stomachs or Fuel for Tanks: What do Prices Tell Us?
  Kashi R. Kafle; University of Illinois - Urbana Champaign and Hemant Pullabhotla; University of Illinois - Urbana Campaign
   
• The Impacts of Energy Prices on Global Agricultural Commodity Supply, Demand and Trade
  Getachew S. Nigatu; USDA-ERS, Kim Hjort; USDA-ERS, James M. Hansen; USDA-ERS, and Agapi Somwaru; Economic Consulting
   
• Using Copula to Test Dependency between Energy and Agricultural Commodities
  Krishna Koirala; Louisiana State University, Ashok K. Mishra; LSU, and Joey Mehlhorn; University of Tennessee - Martin

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Session 1080 Beyond Hedonic Models
Selected Presentation Paper (Environmental and Nonmarket Valuation)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; LaSalle

This session contains applications of and innovations in choice experiments.

Presentations:

• Estimating the impact of water quality on surrounding property values in Upper Big Walnut Creek Watershed in Ohio
  Hongxing Liu; Ohio State University, Sathaya Gopalakrishna; Ohio State University, Drew Browning; Ohio State University, Patrick Herak; Ohio State University, and Gajan Sivandran; Ohio State University
   
• Marketing Ecosystem Services Using a Lindahl-Style Individual Price Auction Mechanism: A Case study from Vermont
  Anwesha Chakrabarti; University of Connecticut, Stephen K. Swallow; Universiyt of Connecticut, and Christopher Anderson; University of Washington
   
• Preference Tradeoffs Across Spatial Scales: Developing a Micro Level Sorting Model
  Mitchell Livy; Ohio State University and Allen Klaiber; Ohio State University
   
• The Effect of Spatial Interpolation on the Hedonic Model: a Case of Forest Damages
  Xiaoshu Li; Virginia Tech, Kevin J. Boyle; Virginia Tech, Thomas P. Holmes; USDA-Forest Service, Evan Pressier; University of Rhode Island, Klaus Moeltner; Virginia Tech, Andrew Liehold; USDA-Forest Service, and David Orwig; Harvard Forest

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Session 1081 Causes and Effects of Farm Programs
Selected Presentation Paper (Food and Agricultural Policy Analysis)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Greenway H

Economic analysis of farm policy, causes of political action, and impacts of farm programs.

Presentations:

• Are Subsidies Decoupled from Production in the Presence of Incomplete Financial Markets?
  Daniel C. Voica; Univerisity of Maryland
   
• Revisiting Decoupled Agricultural Policies in CGE frameworks: Theory and Empirics
  Emanuele Ferrari; European Commission, Pierre H. Boulanger; European Commission, and Aida Gonzalez-Mellado; Johann Heinrich von Thünen Institute, and Scott McDonald; Oxford Brookes University
   
• Why Do Members of Congress Support Agricultural Protection?
  Marc F. Bellemare; University of Minnesota and Nicholas Carnes; Duke University

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Session 1082 Food Marketing
Selected Presentation Paper (Food and Agricultural Policy Analysis)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Greenway I

Food marketing trends, issues, and policy impacts.

Presentations:

• A Century of Eating: Revealed preferences for nutrients and foods in the United States
  Rebekah R. Shrader; Washington State University, Jeffrey T. LaFrance; Monash University, Hayley H. Chouinard; Washington State University, and Philip R. Wandschneider; Washington State University
   
• Dynamics of the Food Environment in the United States
  Senarath Dharmasena; Texas A&M University, Jessica E. Todd; USDA-ERS, David A. Bessler; Texas A&M University, and Oral Capps, Jr.; Texas A&M University
   
• Long term consequences of changing global food consumption patterns on U.S. agricultural commodity export demand
  Deepayan Debnath; University of Missouri, Michael D. Helmar; University of Nevada, Julian C. Binfield; University of Missouri, Wyatt Thompson; University of Missouri
   
• What’s Cooking? The Rise in Demand for Prepared Foods in the United States
  Abigail M. Okrent; USDA-ERS and Aylin Kumcu; USDA-ERS

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Session 1083 Entrepreneurship and Labor: Issues and Transitions
Selected Presentation Paper (Household and Labor Economics)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Greenway J

This session focuses on labor issues within the context of entrepreneurship, self-employment, and small business. During tough economic times, entrepreneurs may be forced to reconsider their self-employment/wage and salary labor trade-off. Entrepreneurial businesses may be more nimble and able to better adapt to changing macroeconomic conditions.

Presentations:

• Direct and Indirect Effects of Cash Transfers on Entrepreneurship
  Rafael P. Ribas; University of Illinois - Urbana Champaign
   
• Employment Transitions among the Self-Employed During the Great Recession
  Julia Beckhusen; US-Census Bureau
   
• Small business disaster resilience: the importance of informal insurance
  Tia M. McDonald; Purdue University and Maria I. Marshall; Purdue University
   
• Veterinary Supply, Gender and Practice Location Choices in the United States, 1990-2010
  Tong Wang; Texas AgriLife Research, David A. Hennessy; Iowa State University, and Seong C. Park; Texas AgriLife Research

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Session 1084 Evaluating the Impacts of Cash and Food Transfer Programs in Africa
Selected Presentation Paper (International Development)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Main Level; Lakeshore C

Papers in this section evaluate the impact of cash transfer programs in Africa.  Two of the papers compare cash and food transfers, while the other two papers focus on assets and savings issues surrounding cash transfers.

Presentations:

• Households’ investments in productive assets in rural Niger: quasi-experimental evidences from a cash transfer project
  Quentin Stoeffler; Virginia Tech and Bradford F. Mills; Virginia Polytechnical and State University
   
• How to Bank the Poor? Evidence from a Savings Field Experiment in Malawi
  Jeffrey A. Flory; Claremont McKenna College
   
• Much ado about modalities: A multicountry experiment on the effect of cash and food transfers on consumption patterns
  Daniel O. Gilligan; IFPRI, Melissa Hidrobo; IFPRI, John Hoddinott; IFPRI, Shalini Roy; IFPRI, and Benjamin Schwab: IFPRI
   
• Resolving the Puzzle of the Conditional Superiority of In-kind versus Cash Food Assistance: Evidence from Niger
  Joanna Upton; Cornell University

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Session 1085 Climate and Water
Selected Presentation Paper (Natural Resource Economics)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Main Level; Lakeshore A

This session explores the effects of climate change on water management, demand, and availability. Papers explore residential water demand, economic impacts and groundwater use, migration and water shortages, and irrigation demand.

Presentations:

• Climate Change, Migration, and Water Shortage
  Ruohong Cai; Princeton University
   
• Irrigation Demand in a Changing Climate: Using disaggregate data to predict future groundwater use
  Calvin Shaneyfelt; University of Nebraska, and Karina Schoengold; University of Nebraska
   
• Projecting the Economic Impact and Level of Groundwater Use in the Southern High Plains under Alternative Climate Change Forecasts Using a Coupled Economic and Hydrologic Model
  David Brian Willis; Clemson University, Rachna Tewari; Texas Tech University, Jeff Stovall; Espey
  Consultants, Inc., Katharine Hayhoe; Texas Tech University, Annette Hernandez; Texas Tech University, Steven Mauget; USDA-ARS, Gary Leiker; USDA-ARS, and Jeffrey W. Johnson; Mississippi State University
   
• Residential water demand, climate change and exogenous economic trends
  Corey J. Lott; University of California, Santa Barbara, Elena Tchigriaeva; University of Nevada, and Kimberly S. Rollins; University of Nevada

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Session 1086 Topics in Bioenergy
Selected Presentation Paper (Production Economics)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Minnehaha

Papers in this session address issues pertaining to bioenergy vertical supply chain. Issues range from land use implications of bioenergy markets to assessment of policies designed to facilitate investment in processing plants.

Presentations:

• Cost Effectiveness of Alternative Policies to Induce Investment in Cellulosic Biofuels
  Juan Pablo Sesmero; Purdue University and Tanner McCarthy; Purdue University
   
• Estimating the Supply of Corn Stover at the Farm Level for Biofuel Production: Taking Account of Farmers’ Willingness to Harvest
  Jason S. Bergtold; Kansas State University, Aleksan; Shanoyan; Kansas State University, and Ira J. Altman; Southern Illinois University, Jason E. Fewell; University of Tennessee, and Jeffrey R. Williams; Kansas State University
   
• Impact of different bioenergy crops on area allocation and cellulosic ethanol feedstock mix
  Jerome R. Dumortier; IUPUI
   
• A Real Options Approach to Cellulosic Biofuel Plant Investment
  Tanner McCarthy; Purdue University and Juan Pablo Sesmero; Purdue University
   

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Session 1087 Rural Wealth Creation
Selected Presentation Paper (Rural/Community Development)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Fourth Level; Lake Harriet

To better understand the wealth creation process in rural areas is not only of theoretical but also practical importance. This session includes four presentations that address the same theme from different perspectives:  (1) rural-urban difference in wealth creation, (2) the impact of broadband investment (3) The presence of Shale oil and gas and (4) the impact of hospitals and medical services.

Presentations:

• Land values and shale oil and gas development: Research opportunities, perils, and some evidence from the Pennsylvania-New York border
  Jeremy G. Weber; USDA-ERS and Claudia Hitaj; USDA-ERS
   
• Rural and Urban Differences in Household Wealth Accumulation: What Role Do Demographics, Wages and Property Values Play?
  Alexander W. Marre; USDA-ERS
   
• The Farm Bill and Rural Economies: Broadband Investment Over the Last Decade
  Peter L. Stenberg; USDA-ERS
   
• The Impact of Hospitals on Local Labor Markets in Georgia: Going Beyond IMPLAN
  Anne Marie Mandich; University of Georgia

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Session 1088 Insurance: Empirical Issues and Implementation
Selected Presentation Paper (Risk and Uncertainty)
Monday, July 28, 2014
4:30 pm – 6:00 pm
Hyatt Regency; Second Level; Greenway B

Insurance has long been considered an effective method for managing risk. This session examines crop, dairy margin, and livestock insurance as well as examining insurance structures and investment choices.

Presentations:

• Estimating the effect of index based livestock insurance on subjective wellbeing
  Christopher B. Barrett; Cornell University, Kibrom T. Hirfrfot; Cornell University, and Erin Lentz; Cornell University
   
• Parametric Bootstrap Tests for Futures Price and Implied Volatility Biases  With Application to Rating Dairy Margin Insurance
  Marin Bozic; University of Minnesota, John C. Newton; Ohio State University, Cameron S. Thraen; Ohio State University, and Brian W. Gould; University of Wisconsin
   
• The Importance of Crop Insurance Subsidies: Examining Enterprise Units
  Erik J. O'Donoghue; USDA-ERS

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