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dc.contributor.advisorTronstad, Russellen
dc.contributor.authorLi, Runfeng
dc.creatorLi, Runfengen
dc.date.accessioned2017-03-24T20:33:54Z
dc.date.available2017-03-24T20:33:54Z
dc.date.issued2016
dc.identifier.urihttp://hdl.handle.net/10150/622857
dc.description.abstractAlfalfa hay is one of the most important field crops in the United States, its regional price differences are driven by variations in quality, location, seasonality, and other features. This thesis investigates the impact of dairy cow inventories, lagged milk prices, corn prices, and alfalfa hay exports on alfalfa hay prices across regions and states utilizing a panel data. Furthermore, I analyze and depict a spatial economic distribution of alfalfa hay price variations with the support of SAS, ArcMap, and GeoDa. Results indicate that alfalfa hay exports are greatly contributing to higher alfalfa hay prices for the seven exporting states. Domestically, grain markets are highly linked to alfalfa hay markets and lagged milk prices as a derived demand have more influence than dairy cow inventories as a primary demand on alfalfa hay prices. Also, alfalfa hay prices are significantly and considerably different, and have positive spatial autocorrelation across states, following a consistent pattern with the lowest prices in the Midwest. Empirical evidence of this thesis may shed light on optimizing profit for dairy industries with an alternative ratio of fees crops and predicting when/where to sell/buy alfalfa hay for hay industries.
dc.language.isoen_USen
dc.publisherThe University of Arizona.en
dc.rightsCopyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.en
dc.subjectDairyen
dc.subjectExportsen
dc.subjectPrice Differencesen
dc.subjectSpatial Economic Patternen
dc.subjectAlfalfa Hayen
dc.titleRegional Price Variations of U.S. Alfalfa Hayen_US
dc.typetexten
dc.typeElectronic Thesisen
thesis.degree.grantorUniversity of Arizonaen
thesis.degree.levelmastersen
dc.contributor.committeememberTronstad, Russellen
dc.contributor.committeememberAradhyula, Satheeshen
dc.contributor.committeememberThompson, Garyen
thesis.degree.disciplineGraduate Collegeen
thesis.degree.disciplineAgricultural & Resource Economicsen
thesis.degree.nameM.S.en
refterms.dateFOA2018-06-13T01:40:02Z
html.description.abstractAlfalfa hay is one of the most important field crops in the United States, its regional price differences are driven by variations in quality, location, seasonality, and other features. This thesis investigates the impact of dairy cow inventories, lagged milk prices, corn prices, and alfalfa hay exports on alfalfa hay prices across regions and states utilizing a panel data. Furthermore, I analyze and depict a spatial economic distribution of alfalfa hay price variations with the support of SAS, ArcMap, and GeoDa. Results indicate that alfalfa hay exports are greatly contributing to higher alfalfa hay prices for the seven exporting states. Domestically, grain markets are highly linked to alfalfa hay markets and lagged milk prices as a derived demand have more influence than dairy cow inventories as a primary demand on alfalfa hay prices. Also, alfalfa hay prices are significantly and considerably different, and have positive spatial autocorrelation across states, following a consistent pattern with the lowest prices in the Midwest. Empirical evidence of this thesis may shed light on optimizing profit for dairy industries with an alternative ratio of fees crops and predicting when/where to sell/buy alfalfa hay for hay industries.


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