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| MacDonald, James M.; Handy, Charles R.; Plato, Gerald E.. |
| USDA's Farm Service Agency (FSA) purchases food products for distribution through several of the Department's food assistance programs. This report describes FSA purchase methods and compares them to procurement strategies used by other Federal agencies and by private sector firms. It summarizes the principal policy issues faced by FSA in designing procurement strategies. And it uses a detailed statistical analysis to compare FSA prices to those realized in the private sector, and to identify the separate effects of agricultural commodity prices, seasonality, client location, purchase volumes, product characteristics, and competition on FSA product prices. |
| Tipo: Report |
Palavras-chave: Procurement; Auctions; Food assistance; Competition; Food Consumption/Nutrition/Food Safety. |
| Ano: 1998 |
URL: http://purl.umn.edu/33925 |
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| Plato, Gerald E.. |
| The gross soybean processing margin (the gross return per bushel of soybeans processed) is the main decision variable that processors use in deciding when and if to make binding commitments to process soybeans on future dates. Understanding how processors choose processing margins for future processing dates from among those available on successive days may help to resolve the ongoing concern about the level of competitiveness in processing agricultural commodities. Processing returns are treated as being equivalent to the returns to a call option. This approach provides the opportunity to simulate processor choice of processing margin by evaluating the incentive of waiting for a larger processing margin versus the incentive of locking in the currently... |
| Tipo: Report |
Palavras-chave: Real options; Option exercise; Processing decision; Processing margins; Futures prices; Soybean crush; Crop Production/Industries; Marketing. |
| Ano: 2001 |
URL: http://purl.umn.edu/33567 |
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