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| Hall, John H.; Geyser, J.M.. |
| This article examines the introduction of Economic Value Added (EVA) as a performance measure that South African wine co-operatives can use to determine whether value has been created for members. A detailed explanation of EVA is given, and the components of EVA are calculated. The EVAs of a number of co-operatives have been calculated and analysed. Important trends have been identified. Recommendations have been made based on the conclusions drawn from these results. Finally, opportunities for potential improvement that could arise from using EVA as a performance measure in wine co-operatives are discussed. |
| Tipo: Journal Article |
Palavras-chave: Agribusiness. |
| Ano: 2004 |
URL: http://purl.umn.edu/9482 |
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| Geyser, J.M.. |
| Recent innovations in energy markets suggest the possibility of addressing agricultural risk factors by issuing derivatives on weather elements. Such instruments appear particularly attractive, as asymmetric information and loss adjustment issues do not affect them. The paper first describes the concept, functioning and application of weather derivatives. It then examines the functioning and application of weather derivatives. It then examines the feasibility of rainfall derivatives to manage agricultural production risk in South Africa (SA) by evaluating the merits of rainfall options, and suggesting an option strategy, as a yield risk management tool. The use of rainfall derivatives in SA is likely to increase in future as capital markets, financial... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Marketing; Resource /Energy Economics and Policy. |
| Ano: 2004 |
URL: http://purl.umn.edu/18038 |
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| Hall, John H.; Geyser, J.M.. |
| This article examines the introduction of Economic Value Added (EVA) as a performance measure that South African wine co-operatives can use to determine whether value has been created for members. A detailed explanation of EVA is given, and the components of EVA are calculated. The EVA's of a number of co-operatives have been calculated and analysed. Important trends have been identified. Recommendations have been made based on the conclusions drawn from these results. Finally, opportunities for potential improvement that could arise from using EVA as a performance measure in wine co-operatives are discussed. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/18031 |
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| Hall, John H.; Geyser, J.M.. |
| The profitability measures have limitations for examining wealth creation. Economic Value Added (EVA) is being used by businesses to measure wealth creation. EVA has some advantages over other financial ratios because it fully accounts for the resources used by co-operatives and it includes both realized and unrealized capital gains in the calculation. This article examines the EVA metric for four years of co-operative financial data to determine if it provides additional information about wealth creation and profitability than do the other ratios. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agribusiness. |
| Ano: 2004 |
URL: http://purl.umn.edu/18084 |
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| Geyser, J.M.. |
| Recent innovations in energy markets suggest the possibility of addressing agricultural risk factors by issuing derivatives on weather elements. Such instruments appear particularly attractive, as asymmetric information and loss adjustment issues do not affect them. This article first describes the concept, functioning and application of weather derivatives. It then examines the feasibility of rainfall derivatives to manage agricultural production risk in South Africa by evaluating the merits of rainfall options, and suggesting an option strategy, as a yield risk management tool. The use of rainfall derivatives in South Africa is likely to increase in future as capital markets, financial institutions, insurance companies, crop insurance companies and hedge... |
| Tipo: Journal Article |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2004 |
URL: http://purl.umn.edu/9490 |
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| Geyser, J.M.; van de Venter, T.W.G.. |
| This paper examines the feasibility of weather derivatives in the South African agricultural context by evaluating the merit of rainfall options as a yield risk management tool. The paper consists of three distinctive parts. In the first part we introduce weather derivatives and supply a basic overview of the functioning and uses of weather derivatives in general and rainfall options specifically. Next we examine the South African maize industry and draw conclusions from the influence of rainfall on maize crop yields. The purpose of this section is to determine the feasibility and necessity of yield hedging mechanism. We conclude the paper by combining the first two sections into a workable recommendation strategy for the implementation of rainfall... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Production/Industries; Marketing. |
| Ano: 2001 |
URL: http://purl.umn.edu/18067 |
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| Hall, John H.; Geyser, J.M.. |
| This article examines introducing Economic Value Added (EVA) as a performance measure for wine cooperatives in South Africa to determine whether member's value have been created. After a thorough explanation and calculation of the components of EVA, the EVA of a number of co-operatives were calculated and analyzed. Important trends were identified, conclusions drawn and recommendations made from these results. Finally, potential improvement opportunities resulting from using EVA as a performance measure in wine cooperatives are discussed. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness; Productivity Analysis. |
| Ano: 2003 |
URL: http://purl.umn.edu/19092 |
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| Hall, John H.; Geyser, J.M.. |
| This article examines the use of Economic Value Added (EVA) as a performance measure that South African wine co-operatives can use to determine whether value has been created for members. A detailed explanation of EVA is given, and the components of EVA are calculated. The EVA's of a number of co-operatives have been calculated and analysed. In addition the EVA of specific types of co-operatives indicate that the fruit and vegetable sector is a constant value creator. It is clear that in order to create value, the rate of return on invested capital must be greater than the cost of capital. Certain co-operatives and types of co-operatives provided the blue print for this. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Economic value added; Agricultural cooperatives; Value; Economic model; Agribusiness. |
| Ano: 2003 |
URL: http://purl.umn.edu/18058 |
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