Progress 10/01/19 to 09/30/20
Outputs
Target Audience:The target audience includes researchers and graduate students interested in agricultural economics and agricultural or agribusiness finance problems. Research products related to this project were presented in annual meetings of the following scholarly associations: the 19th International Business and Economy Conference, the International Food and Agribusiness Management Association 30th (virtual) Annual Meeting, and the Agricultural and Applied Economics Association 2020 (virtual) Annual Meeting. Changes/Problems:
Nothing Reported
What opportunities for training and professional development has the project provided?Results from the research conducted can be adapted and used in the classroom. During the reported period (2019/2020), research findings were adapted into class materials for Advanced Agribusiness Finance (AREC 512), a graduate class taught at the University of Tennessee Institute of Agriculture during the fall 2020. Data from Cal-Maine Foods Inc., the largest U.S. shell eggs producer and from the eggs industry at large, were used in the classroom to illustrate how to conduct financial analysis and capital investment valuation, motivated by potential shift from conventional to cage-free egg production in the U.S. How have the results been disseminated to communities of interest?Results in Trejo-Pech et. al (2020), paper reported in the Products Section of this report, were discussed in a press release by the American Sugar Alliance (https://sugaralliance.org/new-report-finds-no-evidence-that-u-s-sugar-program-harms-profitability-of-sugar-using-companies/15971?fbclid=IwAR0rGtg8NXjIccwm6ZfxtNntENn7v6c3vO4aWrENjDaTm2R1izbZtsYL6vg). What do you plan to do during the next reporting period to accomplish the goals?I plan to continue conducting research focused on the major goal of this project. For instance, a graduate student under my supervision is conducting research to financially evaluate strategies improving profitability of small broiler farmers from Rwanda using an extended database. The study would compare results of a previous published study, which included a pilot sample, with results from an extensive sample over an extended time period.
Impacts
What was accomplished under these goals?
My research work evaluates management strategies that contribute to the understanding of long term sustainability of food and agribusiness companies. I am particularly interested in examining the financial and risk components of firm management, including capital needs, financial performance, and managerial strategies associated with agribusiness and agricultural enterprises. There are several analyses estimated, and published in scholarly journals, that support the goals of the project. The analyses discussed next have increased the knowledge base of graduate students and academics mainly. In particular, the outputs in Kenner et. al (2019), paper reported in the Products Section of this report, increased the understanding on how to value profitability and risk of alternative production strategies that small farmers can follow in broiler production. Similarly, the outputs in Trejo-Pech and White (2020), paper reported in the Products Section of this report, could be used by scholars, policy makers, or egg producers as a framework to compare profitability and risk of egg shell production, which is particularly relevant given potential shift from conventional (caged hens) production to cage-free production in the U.S. In addition to dissemination of results in scientific journals, results of this research were presented at research conferences organized by scholarly associations.
Publications
- Type:
Journal Articles
Status:
Published
Year Published:
2020
Citation:
Trejo-Pech, C., DeLong, K., Lambert, D., and Siokos, V. (2020). The Impact of US Sugar Prices on the Financial Performance of US Sugar-Using Firms. Agricultural and Food Economics, 8(16): 1-17.
- Type:
Journal Articles
Status:
Published
Year Published:
2020
Citation:
Trejo-Pech, C. and White, S. (2020). Capital Budgeting Analysis of a Vertically Integrated Egg Firm: Conventional and Cage-Free Egg Production. Applied Economics Teaching Resources, 2(4): 34-46.
- Type:
Journal Articles
Status:
Published
Year Published:
2019
Citation:
Kenner, B., Lambert, D., Trejo-Pech, C., Thompson, J., and Gill, T. (2019). Financial Risks in Rwandan Smallholder Broiler Production. Journal of Agribusiness in Developing and Emerging Economies, 9(5):569-583.
- Type:
Conference Papers and Presentations
Status:
Accepted
Year Published:
2020
Citation:
Trejo-Pech, C., Servin-Juarez, R., Stripling, C., Reyes-Duarte, A., and Rodr�guez-Padr�n, B. What variables influence the likelihood of becoming a coffee cooperative member? Selected Paper Presentation. International Food and Agribusiness Management Association 30th Annual Meeting. Virtual conference, September 22-24, 2020.
- Type:
Conference Papers and Presentations
Status:
Published
Year Published:
2020
Citation:
Choi, Y., Lambert, D., and Trejo-Pech, C. Mergers, Acquisition and Market Power: The Case of the U.S. Agribusiness Selected Poster Presentation. Agricultural and Applied Economics Association Annual Meeting 2020. Virtual conference, July 26-28, 2020.
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