| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
Contracting for Canola in the Great Plains States
|
| Autores: |
Wilson, William W.
Dahl, Bruce L.
|
| Data: |
2010-10-27
|
| Ano: |
2010
|
| Palavras-chave: |
Canola
Grower
Processor
Contracting
Risk
Stochastic Efficiency (SERF).
Agricultural Finance
Crop Production/Industries
|
| Resumo: |
Canola has become an important crop in the last decade in the U.S. Production of canola is risky and competes with other crops which have a range of risk reduction mechanisms. Alternative contracting strategies were evaluated by comparing returns to labor and management for growers and gross margins for processors. Alternative contracting strategies included no contract, fixed price with and without act of god provisions, and an oil premium contract. Grower returns and processor gross margins were simulated and resulting distributions were evaluated using stochastic efficiency with respect to a function. We estimated certainty equivalents and ranked contract preferences for both growers and processors by region in North Dakota. Grower and processor risk preferences varied by region. Producers and processors preferences differed for contract alternatives in the Northwest, Northeast and Eastcentral regions and were in agreement in the Northcentral region. This suggests that development of a single contract that would be widely adopted across the state would likely have to be altered by region to be acceptable to growers and processors.
|
| Tipo: |
Report
|
| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/95751
|
| Relação: |
North Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report
Agribusiness and Applied Economics Report
663
|
| Formato: |
65
|
