|
|
|
| Registros recuperados: 77 | |
|
|
| Wilson, William W.; Dahl, Bruce L.. |
| There are important challenges to the grain handling and shipping industries. The study evaluated changes in marketing costs for the primary grain marketing functions and quantified measures of risk. The results indicate that 1) basis risk has increased; 2) all marketing costs have increased; 3) the increase in rail tariffs were less than those for the other modes; 4) car values, on average declined; 5) FSC’s had moderate changes in absolute terms; 6) handling margins have had fairly substantial increases, particularly at port; and 7) the riskiness in rail shipping costs are less than those of competing modes and functions. The regression model indicated the following variables had significant impacts on origin basis values: shipping costs, ocean rate... |
| Tipo: Report |
Palavras-chave: Agricultural Finance; Farm Management. |
| Ano: 2010 |
URL: http://purl.umn.edu/98204 |
| |
|
| |
|
|
| Wilson, William W.; DeVuyst, Eric A.; Taylor, Richard D.; Dahl, Bruce L.; Koo, Won W.. |
| The purpose of this study was to forecast grain and oilseed shipments through the Mississippi River system and to analyze impacts of delay costs. The focus is on the world grain trade and expected changes in response to a multitude of evolving competitive pressures and structural changes. The model is a spatial optimization model of the world grain trade. Important parameters are forecasted and used to evaluate changes in flows through specific logistical channels. Projected import demands are based on consumption functions estimated using income and population and accounting for intercountry differences in consumption dependent on economic development. Each of the competing supply regions and countries were represented by yields, area potential that... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness. |
| Ano: 2007 |
URL: http://purl.umn.edu/9237 |
| |
|
|
| Wilson, William W.; Dahl, Bruce L.. |
| Many of the U.S. railroads have introduced highly differentiated services for grain shipments in recent years, generally in the area of forward guaranteed car service. Taken together with other alternatives, these mechanisms have had the effect of establishing priority allocations among shippers. In most cases, pricing and allocation of these services has been with some type of bidding mechanisms. This paper explores the economic implications of these mechanisms on the grain shipping industry. A model was developed to identify factors affecting the value of these services and was analyzed in the context of a typical midwestern grain shipment. A game theory model of competitive bidding was also developed to analyze the effects of critical strategic... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Railcars; Guaranteed car service; Railcar allocation; Options; Guarantee; Bidding models; Valuation; Marketing. |
| Ano: 1997 |
URL: http://purl.umn.edu/23168 |
| |
|
|
| Dahl, Bruce L.; Wilson, William W.; Nganje, William E.. |
| Variety development and release decisions involve tradeoffs between yields and characteristics valued by end-users, as well as uncertainties about agronomic, quality, and economic variables. In this study, methods are developed to determine the value of varieties to growers and end-users including the effects of variability in economic, agronomic, and quality variables. The application is to hard red spring (HRS) wheat, a class of wheat for which these tradeoffs and risks are particularly apparent. Results indicate two experimental varieties provide improvements in grower and end-user value, relative to incumbents. Stochastic dominance techniques and statistical tests are applied to determine efficient sets and robustness of the results. A risk-adjusted... |
| Tipo: Journal Article |
Palavras-chave: End-user value; Grower value; Portfolio value; Stochastic dominance; Tradeoffs; Variety development; Wheat; Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/31141 |
| |
|
|
| Dahl, Bruce L.; Wilson, William W.; Gustafson, Cole R.. |
| All major exporting countries of agricultural commodities have some form of credit guarantee program. As the importance of credit programs escalates, it is incumbent on policy makers to examine the value of their program relative to those of competitors. In this study, a model based on option pricing theory was developed to estimate the value of credit guarantees extended to importers and applied to U.S. and competing countries' programs. The Canadian guarantee has the lowest implicit value, followed by the U.S., Australian, and French guarantees. French guarantees had the highest implicit value due to higher coverage for interest and freight and insurance. |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1999 |
URL: http://purl.umn.edu/30791 |
| |
|
|
| Wilson, William W.; Maxwell, Brett J.; Dahl, Bruce L.. |
| Consistency of functional characteristics in hard red spring (HRS) wheat is a concern confronting sellers and buyers. This research analyzes contract incentives for importers with respect to cost and potential risk of acceptance. A principal-agent framework is utilized to examine contract incentives. In the principal-agent contract, the principal offers the contract, the agent rejects or accepts the contract, and then decides how much effort to apply. All this is subject to risk for the agent and moral hazard for the principal. An example is presented, for which equilibrium contract terms are a base price of 454 cents per bushel for low quality wheat and a premium of 36 cents per bushel if high quality is achieved. The premium for high quality is... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Incentive Contact; Functional Characteristic; Wheat; Principal-Agent; Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/23617 |
| |
|
| |
|
|
| Wilson, William W.; Dahl, Bruce L.. |
| The purpose of this paper is to analyze the dynamics of R&D investments, and the structure of the seed distribution sector using novel data sets that have not been used before to describe competition in these industries. The results describe four sets of issues of particular importance. One is that while all agbiotechology firms have increased their R&D expenditures, there have been sharp differences in the scope of this spending. Most important is that this has spawned the growth in what is now referred as “seeds and traits.” Second, a large number of future traits will be commercialized in the coming years. A third set of results indicates that one firm grew its market share by 14% and a portion of this growth has been through acquisition. The... |
| Tipo: Report |
Palavras-chave: Agbiotechnology; Grain seeds; Competition; Agribusiness; Crop Production/Industries; Demand and Price Analysis. |
| Ano: 2010 |
URL: http://purl.umn.edu/58487 |
| |
|
|
| Dahl, Bruce L.; Wilson, William W.. |
| U.S. white corn production, consumption, and exports increased from 1980 to 1999/00 and production and area have since declined. White corn is produced largely in Nebraska, Kentucky, and Texas, although production in Texas has declined and has increased in other states (Illinois, Indiana, and Iowa). Major domestic processors of white corn are located in the southern United States, with the closest large domestic processor located in St. Joseph, MO. Comparisons of white and yellow corn varieties suggest yields are similar, but have a wide range of variability. Net returns for white corn are most affected by white corn premiums and yield differences relative to yellow corn in southeastern and south central North Dakota. A 10 percent yield advantage for... |
| Tipo: Working or Discussion Paper |
Palavras-chave: White corn; Supply/demand; North Dakota; Competitiveness; Markets; Geographic competition; Crop Production/Industries. |
| Ano: 2002 |
URL: http://purl.umn.edu/23588 |
| |
|
|
| Wilson, William W.; Dahl, Bruce L.; Johnson, D. Demcey; Nganje, William E.. |
| Variety release decisions involve a number of tradeoffs, usually between grower and end-user characteristics as well as significant uncertainties about agronomic, quality, and economic variables. In this study, methodologies were developed to value tradeoffs for grower and end-user characteristics for wheat. The models capture effects of variability in agronomic, quality, and economic variables. The models were applied for three experimental varieties which have since been released and for two hypothetical varieties. Results indicate two of the experimental varieties provide improvements in grower and end-use value over most of the incumbents. Comparison of a risk adjusted portfolio model consisting of characteristics of end-use and grower values... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Variety Development; Grower Value; End-user Value; North Dakota; Tradeoffs; Stochastic Dominance; Portfolio Value; Crop Production/Industries. |
| Ano: 2001 |
URL: http://purl.umn.edu/23622 |
| |
|
| |
|
| |
|
|
| Hawes, Cullen R.; Wilson, William W.; Dahl, Bruce L.. |
| Agricultural firms that use Value at Risk (VaR) tend to be the large diversified corporations. The benefits of VaR in the agricultural industry are not limited to large conglomerates; however, and this study provides empirical examples of how mid to large sized commodity end-users can use VaR to quantify price risk exposure. By reporting price risk in terms of dollars as a single summary statistic, VaR provides a more intuitive measure of risk for decision makers, especially when the distribution of portfolio value changes is non-normal. VaR also separates downside from upside potential by focusing on the left-hand tail of a portfolio's distribution of returns. The purpose of this study is to demonstrate how VaR can be applied to the portfolio of a... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Value at Risk; Hedging; Processor Futures; Options; Marketing; Risk and Uncertainty. |
| Ano: 2005 |
URL: http://purl.umn.edu/23608 |
| |
|
| |
| Registros recuperados: 77 | |
|
|
|
