Showing 71 - 80 of 137
The grain/oilseed industry is undergoing considerable structural change in the form of mergers and the addition of new processing facilities to add value beyond commodity grade. The rapid structural changes in this industry call into question the relevance of previous research conducted in these...
Persistent link: https://www.econbiz.de/10005503834
Three models of spatial competition are tested on retail price data for the agricultural chemical industry. Three empirical tests find no evidence of any spatial competition using data from sixty-five retailers and twelve different chemicals. Demand and supply-side variables have statistically...
Persistent link: https://www.econbiz.de/10005344132
Remotely sensed data have been used in the past to predict crop yields. This research attempts to incorporate remotely sensed data into a net farm income projection model. Using in-sample regressions, satellite imagery appears to increase prediction accuracy in the time periods prior to USDA's...
Persistent link: https://www.econbiz.de/10005344118
Replaced with edited version of paper 12/23/08.
Persistent link: https://www.econbiz.de/10005493489
A dynamic three-commodity rational-expectations storage model is used to compare the impact of the Federal Agricultural Improvement and Reform (FAIR) Act of 1996 with a free-market policy, and with the agricultural policies that preceded the FAIR Act. Results support the hypothesis that the...
Persistent link: https://www.econbiz.de/10005503803
While not ignoring risk, agricultural cooperatives tend to accommodate risk through the holding of internal capital reserves rather than engage in active risk management. A lack of information regarding the risk, returns, and the effect on cooperative financial performance of both traditional...
Persistent link: https://www.econbiz.de/10005220906
This paper presents a manageable and effective way of nesting two popular, yet distinct approaches to obtain optimal hedging ratios - time-series econometrics (GARCH) and dynamic programming (DP). The nested DP-GARCH model is then compared to a DP-GARCH model that accounts for variability in the...
Persistent link: https://www.econbiz.de/10005805808
In an effort to improve marketing of their products, many farmers use market advisory services (MAS). To date, there is … their marketing plans, and how they choose among these services. Based on the literature on consulting services usage, a … the match between the MAS and the farmer's marketing philosophy drive MAS usage. To account for possible heterogeneity …
Persistent link: https://www.econbiz.de/10005805809
the perspective of an agribusiness risk manager who uses implied volatility in risk management applications, and thus …
Persistent link: https://www.econbiz.de/10005807434
The Bachelier model for pricing options on futures spreads (OFS) assumes changes in the underlying .futures prices and spread follow unrestricted arithmetic Brownian motion (UABM). The assumption of UABM allows for a convenient analytic solution for the price of an OFS. The same is not possible...
Persistent link: https://www.econbiz.de/10005807435