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| Bryant, Kelly J.; Reeves, Jeanne M.; Nichols, Robert L.; Greene, Jeremy K.; Tingle, Christopher H.; Studebaker, Glenn E.; Bourland, Fred M.; Capps, Charles D.; Groves, Frank E.. |
| Stochastic Efficiency with Respect to a Function (SERF) is used to rank transgenic cotton technology groups and place an upper and lower bound on their value. Yield and production data from replicated plot experiments are used to build cumulative distribution functions of returns for nontransgenic, Roundup Ready, Bollgard, and stacked gene cotton cultivars. Analysis of Arkansas data indicated that the stacked gene and Roundup Ready technologies would be preferred by a large number of risk neutral and risk averse producers as long as the costs of the technology and seed are below the lower bounds calculated in this manuscript. |
| Tipo: Journal Article |
Palavras-chave: Cotton; Financial risk; Market value; SERF; Transgenic; Agribusiness; Crop Production/Industries; Risk and Uncertainty; Q12; Q16. |
| Ano: 2008 |
URL: http://purl.umn.edu/47257 |
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| Watkins, K. Bradley; Hignight, Jeffrey A.; Beck, Paul A.; Anders, Merle M.; Hubbell, Donald S., III; Gadberry, Shane. |
| This study evaluates both the profitability and risk efficiency of grazing stocker steers on conservation tillage winter wheat pasture using simulation and stochastic efficiency with respect to a function (SERF). Average daily gains are simulated for steers grazed on conventional tillage (CT), reduced tillage (RT) and no-till (NT) winter wheat pasture. Steer price distributions and prices for key production inputs such as diesel, fertilizer, and glyphosate are also simulated. Stocker steer net return distributions by tillage treatment are constructed and ranked for risk efficiency using SERF. The results indicate the NT system is the most profitable and most risk efficient of the three tillage systems, followed by the RT system. Both conservation tillage... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: No-till; Profitability; Reduced tillage; Risk; SERF; Stocker grazing; Winter wheat; Farm Management; Production Economics. |
| Ano: 2010 |
URL: http://purl.umn.edu/56356 |
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| Tzouramani, Irene; Karanikolas, Pavlos; Alexopoulos, George. |
| Drawing upon a comparative case study of organic and conventional farming in Western Greece, the aim of this study is threefold: firstly, to explore the organic and conventional farmers’ profile through a factor analysis. Secondly, to assess the economic viability of organic cultivation with respect to profitability and risk behaviour, through a Monte Carlo stochastic simulation model. Thirdly, to discuss the necessity for additional income insurance schemes. Research findings indicate that the organic cropping system currently stands out as the most economically viable alternative under the assumption of the existing payments; without payments, however, conventional agriculture would be preferred by all farmers, regardless of their degree of risk aversion |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Organic crops; Income variability; Risk analysis; SERF; Agricultural policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/48116 |
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| Strydom, D.B.; Grove, Bennie; Kruger, Y.; Willemse, B.J.. |
| The use of modern marketing strategies to minimize risk exposure is not a widely adopted practice under maize producers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvested; while the current market requires innovative strategies including the use of Futures and Options as traded on SAFEX. However, due to a lack of interest and knowledge of producers understanding of modern, complicated strategies the study illustrates by using a SERF and CDF that the use of three basic strategies namely a Put-, Twelve-segment-, Three-segment- can be more rewarding. These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. The results obtained from the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing strategies; Futures; Options; SERF; Crop Production/Industries; Marketing. |
| Ano: 2010 |
URL: http://purl.umn.edu/96812 |
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| Tzouramani, Irene; Karanikolas, Pavlos; Alexopoulos, George; Sintori, Alexandra; Liontakis, Angelos E.. |
| After the introduction of the new tobacco regime, many regions in Greece, formerly specialized in tobacco cultivation, are now facing serious threats of economic and social decline. Sheep farming is considered by many analysts as a viable alternative to tobacco. This study analyses the financial performance of sheep production and the risk that producers are taking. Through a stochastic efficiency analysis with respect to a function we explore the economic viability of conventional and organic sheep farming; key factors determining the economic outcome of these activities are also investigated. Both organic and conventional sheep farming appear as viable alternatives. The viability of organic farming lies, mainly, in organic payments. Conventional farming... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Organic farming; Dairy sheep; Risk analysis; SERF; Agricultural policy; Agricultural and Food Policy; Farm Management; Livestock Production/Industries; Risk and Uncertainty. |
| Ano: 2008 |
URL: http://purl.umn.edu/6695 |
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