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Registros recuperados: 27 | |
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Blank, Steven C.; Erickson, Kenneth W.; Moss, Charles B.. |
To remain viable, agriculture in each location must offer returns that are competitive with those from alternative investments and sufficient to cover producers' financial obligations. Economic theory says that rates of return converge over time as resources flow into more-profitable industries and out of less-profitable industries, causing factor price changes. Both traditional growth and trade theories say factor markets will adjust to equalize commodity returns over time. This study examines spatial relationships in agriculture's profitability over time. Results show temporal and spatial convergence of returns consistent with trade and development theories. However, there are profit patterns unique to state/regional agriculture, raising policy... |
Tipo: Journal Article |
Palavras-chave: Convergence; Return on assets; "risk of ruin"; Agribusiness. |
Ano: 2005 |
URL: http://purl.umn.edu/31212 |
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Blank, Steven C.; Orloff, Steve B.; Putnam, Daniel H.. |
The "optimal cutting schedule" for alfalfa hay is described as a function of the trade-off between rising yield and falling quality of alfalfa over time and the local market prices being offered for different qualities of hay during the harvest season. Field test results quantify the yield/quality tradeoff for a California case study. A general decision rule is then derived to assist growers in making cutting decisions during a season. Finally, the optimal cutting schedule is shown to be the sum of sequential decisions for cuttings throughout the harvest season, with no schedule being best a priori. |
Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
Ano: 2001 |
URL: http://purl.umn.edu/31159 |
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Blank, Steven C.. |
This paper assesses the impact of introducing role playing, case studies, and simulation games into undergraduate courses in agricultural economics. An educational impact model is used in a qualitative evaluation of the teaching aids and to generate hypotheses. Quantitative experimental results are used to test the hypotheses. Results indicate that each aid can improve students' performance when used in appropriate situations. However, there is a definite trade-off between student contact time requirements and the effect of these aids. |
Tipo: Journal Article |
Palavras-chave: Teaching/Communication/Extension/Profession. |
Ano: 1985 |
URL: http://purl.umn.edu/32523 |
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Blank, Steven C.. |
The single index model (SIM), developed for analysis of financial assets, is assessed as a tool for evaluating the risk-return tradeoff faced in agricultural enterprise selection. This study tests whether some of the hypotheses underlying the SIM are valid when the SIM is used in agricultural cropping decisions. Empirical evidence from county level data does not support SIM hypotheses, indicating that more robust results might come from multiple index models. |
Tipo: Journal Article |
Palavras-chave: Agricultural Finance; Risk and Uncertainty. |
Ano: 1991 |
URL: http://purl.umn.edu/32609 |
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Blank, Steven C.. |
A multi-part test is proposed for the hypothesis that American production agriculture is shrinking. The results of the three tests presented here are consistent with a shrinking American agricultural sector that is on the verge of, but not yet in, the final decline stage of its "life cycle." The sector is clearly shrinking in relative size and importance, and in absolute size, and its economic performance has been weak for decades. These changes in agriculture and their implications for the agricultural economics profession are discussed. Finally, (at least) two challenges to American agriculture and the agricultural economics profession are raised. |
Tipo: Journal Article |
Palavras-chave: Agribusiness. |
Ano: 2001 |
URL: http://purl.umn.edu/31043 |
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Blank, Steven C.. |
This paper presents a brief assessment of the recent futures and options literature with reference only to agricultural markets. The discussion centers on the markets social value and economic value to firms. Issues currently unresolved are highlighted, in some cases by presenting hypotheses contrary to standard positions. Overall, the current literature describes these markets as having positive social value and serving useful functions at the firm level, but existing theory and empirical methods are criticized for many weaknesses. |
Tipo: Journal Article |
Palavras-chave: Marketing. |
Ano: 1989 |
URL: http://purl.umn.edu/32449 |
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Blank, Steven C.. |
A major part of Australian cattle trade takes place in markets for animals which do not meet the specifications for the trade steer contract. However, producers, processors and marketers of cattle which are nondeliverable on the futures market may be able to make use of the futures market through the process of cross hedging. The aim is to determine whether or not various types of Australian cattle could, in fact, have been cross hedged successfully in the past using the existing Australian cattle futures contracts. Cross hedging is evaluated over time, space and product form to assess the potential for cross hedging that has existed since the Sydney Futures Exchange's cattle contract was first offered for trading. No attempt will be made to identify... |
Tipo: Journal Article |
Palavras-chave: Marketing. |
Ano: 1984 |
URL: http://purl.umn.edu/22433 |
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Blank, Steven C.. |
An existing program which has incorporated undergraduate research projects into its curriculum is evaluated. The goals of the program are to provide students with opportunities to apply their newly acquired skills to real problems and, in so doing, to gain specialized familiarity with a topic and/or occupation. The results of the program have been good, in general, despite some limitations. The conclusion reached is that the program offers many short and long run benefits to students in that it improves their performance both in the classroom and in their career positions. |
Tipo: Journal Article |
Palavras-chave: Teaching/Communication/Extension/Profession. |
Ano: 1982 |
URL: http://purl.umn.edu/32281 |
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Blank, Steven C.. |
The paper discusses the linkages between the "globalization" of agricultural markets over recent decades and the decisions being made by individual farmers and ranchers in the United States. It is noted that technological advances lead to globalization of agricultural commodity markets and profit pressures. The continuing profit squeeze in agricultural production is having a significant effect on the cropping choices of America's farmers. When possible, acreage is being shifted out of low-revenue-generating crops and into higher-revenue-generating crops. This shift makes crop portfolios more risky over time, thus encouraging farmers to consider diversifying out of agriculture. |
Tipo: Journal Article |
Palavras-chave: Cropping choices; Globalization; Profit; Risk; Safety-first; Agricultural Finance; International Relations/Trade. |
Ano: 2001 |
URL: http://purl.umn.edu/15013 |
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Blank, Steven C.. |
A new interpretation of commodity futures price theory is evaluated because, currently, many products exhibit price behavior which cannot be explained with existing theory. A method for classifying products according to the particular price theory relevant to them is provided. The classification method uses the futures price dependence enforced by arbitrage opportunities in spot market as its base. The futures markets for beef cattle and corn are used as examples. |
Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis. |
Ano: 1985 |
URL: http://purl.umn.edu/28955 |
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Blank, Steven C.. |
This study suggests a new single index model (SIM) application procedure which enables users to more easily assess the risk/return tradeoff among crop portfolios. A decision criterion is presented, based on a new crop portfolio performance measure derived here. The new procedure aids in reducing problems of data sensitivity often faced when using quadratic programming or standard SIM techniques. |
Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
Ano: 1990 |
URL: http://purl.umn.edu/32057 |
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Registros recuperados: 27 | |
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