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Baby corn (Zea mays) is young, finger‐like, unfertilized cobs of maize with one to three centimeters of emerged silk, preferably harvested within 24 hours of silk emergence depending upon the growing season. It is a very perishable vegetable and hence the purpose of this present study is to standardize the freezing method for extending the shelf life of baby corn and to study the effect of frozen storage of 90 days on its nutritional composition.

Frozen baby corn was analysed for various nutritional parameters, namely proximate composition, minerals, in vitro starch and protein digestibility and vitamin, at regular intervals of 30 days for nine months.

Moisture, crude protein, crude fat and crude fibre content of baby corn showed no significant change during 90 days of frozen storage. A significant reduction was observed in calcium, magnesium, zinc and iron content of frozen baby corn. In vitro starch and protein digestibility showed a non‐significant change during frozen storage. Ascorbic acid and beta‐carotene content of frozen baby corn decreased significantly by 11.60 and 10.75 percent, respectively, by the end of 90 days of storage.

The present study indicates that freezing is an effective processing technology to enhance the storage life of baby corn.

The effect of trade on poverty is an open question. Although trade may create opportunities in the form of new markets, producers must be able to switch their production and access these markets to reap the benefits from trade. Those producers that cannot change may be stuck trying to sell products in a market with increased competition from imports. In this chapter, we consider which Mexican farmers have been able to adapt to market changes afforded by North American Free Trade Agreement (NAFTA). We find that although some farmers, particularly those with access to outside information through education or technical assistance, have moved out of corn production, a number of both subsistence and market producers have increased the fraction of their land in corn after NAFTA. We also find that market producers respond quite differently from subsistence farmers to agricultural and other infrastructural factors.

Objective – The current biotechnology revolution has been associated with newly developed genetic modifications (GM) that offer new prospects for increasing agricultural productivity. This has stimulated a rapid adoption of GM corn hybrids by U.S. farmers. Yet, there is concern about the structure of competition among biotech firms that own patents over GM traits. This chapter evaluates the spatial differences in pricing of biotech corn hybrids, with a focus on the fringe versus core regions of the U.S. Corn Belt.

Methods – The analysis examines how local conditions and market concentrations affect the pricing of GM corn hybrids in different locations.

Results – We find evidence of more extensive subadditive pricing in the fringe region. We also examine how both own- and cross-market concentrations affect prices across regions. For GM hybrids, the results show that market power is generally more prevalent in the core region compared to the fringe.

Conclusions – The evidence shows that the pricing of GM corn hybrids varies across space. The observed pricing schemes benefit farmers more in the fringe than in the core region of the Corn Belt.

Purpose – The purpose of the research aims to observe the high growth of corn crops with a different cropping pattern.

Design/Methodology/Approach – The research is conducted based on field experiments with Group Randomized Design (hereafter RAK shortened from Cluster Random Design). The treatment of cropping pattern I is that corn crops are planted in one row with the size of plot 9 m × 4 m, and the distance planting of the crops is 70 cm × 40 cm. Cropping pattern II is that corn crops are planted in two rows with the size of plot 9 m × 4 m, and the distance planting is 70 cm × 40 cm. Cropping pattern III is that corn crops are planted in three rows with the size of plot 9 m × 4 m, and the distance among the crops is 70 cm × 40 cm.

Findings – The result of research shows that the highest corn crops are from cropping pattern II.3 at age 15 and 30 after planting time (called HariSetelahTanam or HST). The increase of cropping rows from one row to two rows indicates that intra-specific competition are more dominant. The growth of crops is faster because they need full sunlight at vegetative and generative stages. The need of full sunlight at the growing stage causes the increasing of stem height of crops to enable the crops to receive the sunlight optimally due to the continuity of photosynthesis process. The increasing growth of stem diameter is in accordance with the growth speed of height plant at the same age.

Research Limitations/Implications – This research intends to find out the best growing process of the plant. Further research is needed to study the outcome of final product of the plant.

Practical Implications – This is to see the utilization of the best cropping pattern and optimal land utilization.

Originality/Value – High growth of corn crops and stem diameter (Zea may, S) with a different cropping pattern has not yet been published.

Purpose – The objective of this chapter is to examine and provide new perspectives on the contributions of public and private R&D to biotech crop improvement.

Methodology/approach – The chapter examines a set of topics that have affected the way that research is undertaken on plant germplasm improvement and how it has changed with the genetically modified (GM) trait revolution.

Findings – Although the basic science providing the foundations for GM crops was undertaken in the public sector, GM traits and GM crop varieties have been developed almost exclusively by the private sector. The biotech events leading to GM traits are currently being developed largely by five companies – all having ties to both the chemical and the seed industries. The GM crop revolution started in North American in 1996 and has spread slowly to the largest developing countries that have large agricultural sectors, including Argentina, China, Brazil, and India, but not to Europe or Japan.

Practical implication – To shed new light on the economic reasons for private sector dominance in GM crop varietal development in selected crops but not in others.

Social implication – Shows how GM traits have contributed to technical change and declining real food prices.

One of the several claims that Seligman makes for Rooke is that he should be accorded priority in the discovery of the correct, that is Ricardian, doctrine of rent:there seems little doubt that the doctrine of rent was developed practically simultaneously by Malthus, West, Torrens and Rooke in 1814, but so far as the priority of actual publication is concerned, the above list should be reversed. And in the interests of historical accuracy, Rooke and Torrens must hereafter be accorded the position which they deserve. (Seligman, 1903, p. 512)¹

This paper aims to develop a market-driven mechanism for commodity price insurance in developing countries lacking access to futures markets or other forms of hedging products.

The model incorporates futures, exchange rate and local basis risk under the Black-Scholes framework to develop quanto (quantity adjusting option). When the domestic price of a commodity in a developing country is strongly correlated to the price in a futures market, price support premiums can be estimated. The authors use daily corn futures prices, exchange rate MXP/USD, and prices of corn and sorghum at several locations in Mexico.

The authors calculated the price insurance premium at various local markets in Mexico for corn and sorghum. The results are consistent with those for the USA, showing that relative price premiums are similar.

The results provide a benchmark to estimate the net welfare effects of government programs for agricultural price support.

The model shows that privately provided agricultural price insurance is feasible under certain conditions for developing countries without an established futures market.

This paper provides market-based agricultural options in Mexico which contributes to the existing government price support program.

Corn, which has the highest domestic production, planting area and consumption, is the top cereal in relation to demand and supply in China. However, the comparative advantage of China in corn has continuously deteriorated in recent years and based on the recent situation and possible supply and demand trends, it is widely accepted that a corn self-sufficiency rate of 95% is difficult to achieve. Under current import-restriction policies, corn may stand at the crossroads of reforms to solve its predicted insufficient supply. In this study, the authors analyse the necessity of relaxing trade restrictions on corn in China and explore the effects of trade restrictions by reducing tariffs and expanding tariff-rate quotas on corn and related industries and the welfare change caused by possible relaxations.

The authors construct a computable general equilibrium (CGE) model and design nine scenarios for the analysis.

The results show that relaxations of import restrictions are probable methods to meet the aim of sufficient corn supply during shortages. They are simulated to reduce corn's domestic production and price, increase import and import prices and lead to a decline in self-sufficiency but benefit the production of corn-related industries of corn. The results also imply that expanding the quota is a better method for releasing trade restrictions in China.

The comparative advantage of China in corn deteriorated with an increase in prices. Based on the current situation and possible trends of supply and demand, the referenced goal of achieving 95% corn self-sufficiency appears difficult, implying that reliance on imports is probably imminent and vital. This study provides simulation results in future scenarios and offers policy implications for China's corn trade policies.

The purpose of this paper is to detect the existence of price bubbles and examine the possible contributing factors that associate with price bubble occurrences in China agricultural commodity markets.

Using recently developed rolling window right-side augmented Dickey–Fuller test, we first detect the dates of price bubbles in China's two important agricultural commodity markets, namely corn and soybeans. Then, we use a penalized maximum likelihood estimation of a multinomial logistic model to estimate the contributing factors of price bubbles in both markets, respectively.

Results from the bubble detection indicate that price bubbles account for 5.48% (3.91%) of the studied periods for corn (soybeans). More importantly, we find that market liquidity and speculation have opposite effects on the occurrences of bubbles in the corn and soybeans market. World stocks-to-use and exchange rates affect the occurrences of bubbles in a different way for each commodity, as well. Price bubbles are more likely associated with strong economic activity, high interest rates and low inflation levels.

This is the first study considering commodity-specific features into the formation of price bubbles. Through accurately identifying the bubble dates and fixing the estimation bias of rare events models, this study enables us to obtain robust results for each commodity. The results imply that China's corn and soybeans market respond differently to the speculative activity and external shocks from international markets. Therefore, future policy regulations on commodity markets should focus on more commodity-specific factors when aiming at avoiding bubble occurrences.