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Global food, beverage and fibre markets can be characterised as networks of global value chains. Increasingly such chains are private and powerful, closely coordinated or fully vertically integrated, self-regulated, global and experience-based. The more that global agricultural and food product trade is conducted in these global value chains, the greater(More)
All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Abstract: Globalization results when markets become more integrated because of reduced transaction and transport costs. These costs have fallen because of sustained advances in(More)
Intensive livestock systems differ from most pasture-based systems in that managers exert much greater control over the production cycle and the quality of animals entering the system. Consequently, technical inefficiencies among animals tend to be much more easily eradicated. Nevertheless, a range of factors could still cause both technical inefficiency(More)
This paper reports on an analysis of technical efficiency and varietal differences in pistachio production in Iran. A random sample of 475 farmers was selected from the province of Kerman in 2003 and 2004. In this study, farmers are classified into three groups according to the variety of tree they planted. The three main varieties of pistachio trees(More)
Most analyses of technical efficiency and productivity focus on the activities of firms or institutions using inputs to produce outputs. In this paper, we report the results of an efficiency analysis that is couched in a different context. We analyse the efficiency with which physical characteristics of individual lot-fed Australian beef cattle are combined(More)
The purpose of this paper is to examine the policy options with the best prospects to improve the performance and competitiveness of housewives' groups in the cottage food industry in Thailand. The analytical framework is based on an analysis of private and value chain-level net benefits from alternative policy actions and research and training initiatives.(More)
The scoring of wines and the ratings of wineries is the source of much debate. In this paper we attempt to explain variations in winery ratings in Victoria by examining two winery rating systems, the winery 5-star ratings system of Halliday and the WineBoss version that modifies the Halliday system, to obtain a consensus industry rating from a variety of(More)
The potential economic benefits that options contracts bring to the Murray Valley water market in Australia are assessed. Exotic call option prices are estimated using Black-Scholes and skewness-and-kurtosis-amended Black-Scholes option closed-form pricing methods that are based on mean weekly water prices between 2004 and 2008. While options would result(More)