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CATFISH PRODUCER HARVEST RESPONSE TO PRODUCTION AND ASYMMETRIC PRICE RISK AgEcon
Branch, William; Tilley, Daniel S..
Harvest response to production and asymmetric price risk was analyzed using an ordinary least squares model. Statistically significant responses to production-quality and output price risk were indicated. Results suggest that alternative pricing strategies designed to reduce risk may alter harvest response and decrease month to month harvest variability.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; Production Economics.
Ano: 1991 URL: http://purl.umn.edu/30049
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A STOCHASTIC SIMULATION ANALYSIS OF A SMALL-SCALE CATFISH PROCESSING PLANT AgEcon
Branch, William; Tilley, Daniel S..
Stochastic simulation was used to analyze revenues and costs for a small-scale catfish processing plant under various combinations of operating capacity utilization and price paid for live fish. The probability for a positive level of daily net income ranged from 11 to 100 percent depending on the price paid for live fish and level of operating capacity utilized. Daily average total cost per pound of live fish processed changed by 2.10 percent given a 10 percent change in live fish processed. Short-term cyclical patterns in revenues and costs suggest a need for financial planning to provide for possible year-end revenue shortfalls.
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 1992 URL: http://purl.umn.edu/29643
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