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| Registros recuperados: 31 | |
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| Revoredo-Giha, Cesar; Nadolnyak, Denis A.; Fletcher, Stanley M.. |
| The elimination of the marketing quota system that regulated the peanut market since the 1930s has been accompanied by the emergence of marketing contracts between farmers and peanut buyers (mainly peanut shellers). Two types of contracts have been observed, forward contracts for delivery at harvest or at a later date and "option to purchase" contracts. We analyze the clauses of contracts used by major shellers in order to infer the motivation behind these contracts (i.e., risk sharing, reduction of transaction costs, improve coordination, exercise of market power, etc.). The analysis points out that the main role of the contracts is to replace the marketing structure existing prior the 2002 Farm Act, where peanut marketing was quite regulated. In this... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/19187 |
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| Revoredo-Giha, Cesar; Nadolnyak, Denis A.; Fletcher, Stanley M.. |
| The elimination of the marketing quota system that regulated the peanut market since the 1930s has been accompanied by the emergence of marketing contracts between farmers and peanut buyers (mainly peanut shellers). Two types of contracts have been observed, forward contracts for delivery at harvest or at a later date and option to purchase contracts. We analyze the clauses of contracts used by major shellers in order to infer the motivation behind these contracts (i.e., risk sharing, reduction of transaction costs, improve coordination, exercise of market power, etc.). The analysis points out that the main role of the contracts is to replace the marketing structure existing prior the 2002 Farm Act, where peanut marketing was quite regulated. In this... |
| Tipo: Working or Discussion Paper |
Palavras-chave: US agriculture; Agricultural marketing; Peanuts; Economics of agricultural contracts.; Agricultural and Food Policy; Crop Production/Industries; Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/31930 |
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| Nadolnyak, Denis A.; Fletcher, Stanley M.. |
| In the paper, we make an attempt to estimate the supply of farmer stock peanuts in the Southeastern Region of the U.S. and evaluate production effects of the recent changes in farm support policies and of trade liberalization that have affected prices. The choice of estimation methodology is dictated by the unavailability of suitable time-series data due to heavily regulated nature of the U.S. peanut markets before 2002. Supply estimation is performed by estimating farm-level supply using cross-sectional survey data on farm-level costs and returns. Results show that producers not able to expand peanut acreage are likely to be vulnerable to price reductions, as there might exist economies of scale. Production on dry land is likely to remain unprofitable at... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2005 |
URL: http://purl.umn.edu/19287 |
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| Novak, James L.; Nadolnyak, Denis A.. |
| Rainfall Index (RI) insurance provides forage and hay producers with group risk protection against drought related losses. However, insurance premiums and risk protection are currently based on pooled weather data series and do not account for the impacts of specific climate phases, specifically the El Niño Southern Oscillation (ENSO), on local rainfall distribution. This analysis examines differences in the expected payoffs on the RI insurance under varying coverage levels based on probabilities of rainfall shortage during specific climate events at four Agricultural Experiment Stations in Alabama. Policy makers and producers are expected to benefit from the results that show the varying effects of climate on expected payouts from this insurance. |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2010 |
URL: http://purl.umn.edu/96368 |
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| Nadolnyak, Denis A.; Fletcher, Stanley M.; Revoredo-Giha, Cesar. |
| In the paper, alternative contractual arrangements between crop producers and processors are evaluated with a view of addressing the major issues present in peanut markets in the U.S., the major EU supplier of high quality peanuts. The issues are the thinness of the spot markets and the absence of quality premiums, both of which impair market efficiency. Results indicate that introducing contracts with a system of quality differentials creates incentives for producer self-selection to participate in the post harvest cash market. Moreover, in the presence of sufficiently high common production risk, tournament contracts are more efficient and preferred by the producers than the standard fixed premium schedules. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Contracts; Tournaments; Efficiency; Spot markets; Peanuts; Marketing. |
| Ano: 2005 |
URL: http://purl.umn.edu/24703 |
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| Nadolnyak, Denis A.; Fletcher, Stanley M.. |
| In the paper, we analyze two issues that are important in the U.S. peanut markets: the absence of explicit quality premiums in the crop contracts, and the thinness of the postharvest cash/spot markets, which obstructs the operation of current production support policies. We argue that introduction of quality differentials in the form of either fixed premium or rank-order tournament contracts may kill two birds with one stone by increasing the spot market turnover and providing incentives for increasing crop quality. In addition, this arrangement is likely to reduce the costs of the federal support programs. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Contracts; Tournaments; Efficiency; Cash markets; Peanuts; Marketing. |
| Ano: 2006 |
URL: http://purl.umn.edu/25274 |
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| Registros recuperados: 31 | |
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