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| Alexander, Vickie J.; Musser, Wesley N.; Mason, George. |
| Incorporation of futures markets into the theory of the firm under uncertainty has received considerable attention in risk management. A theoretical model of optimal firm decisions in cash and futures markets considering price, production, and financial risks is presented. Production and marketing strategies for corn and soybeans in Georgia and Illinois are analyzed to determine the optimal amount of futures contracting which may be a hedge or a speculative position. A partial hedge is optimal for most situations for risk averse producers when the amount hedge is variable. With fixed quantity transactions, speculative and cash positions, but not hedging, tend to be E-V efficient. |
| Tipo: Journal Article |
Palavras-chave: Marketing. |
| Ano: 1986 |
URL: http://purl.umn.edu/29781 |
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| Mason, George. |
| A number of methods have been employed to estimate the production increases obtained from supplementary irrigation. Details of these methods and some of the disadvantages from which they suffer will be discussed later. Suffice it to say at this stage that, in the opinion of this author the methods fail to establish the fundamental relationships involved, namely, to define a production function for water, or, more basically, for soil moisture. The present paper is intended as a progress report of an attempt to relate butter production to soil moisture on three separate dairy farms. The assumption is that a functional relationship exists between soil moisture and pasture production, and, carrying this one stage further, between soil moisture and animal... |
| Tipo: Journal Article |
Palavras-chave: Production Economics. |
| Ano: 1963 |
URL: http://purl.umn.edu/8813 |
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| Mason, George. |
| The study described in this article is concerned with the derivation of an average production function for 50 sheep farms on an area of light land in the Malvern County, Canterbury Plains, New Zealand. It is based on farm survey data for the 1955/6 season. The locality of the survey was chosen chiefly because it contained 51,000 acres of essentially similar soils, the Lismore series, and an adequate number of farms exhibiting a fairly high degree of homogeneity in their management. Although there are variations in farm management in the area, the predominant pattern consists of the maintenance of half bred, threequarter bred, or Romney-cross ewe flocks for the production of Downcross fat lambs. Most of the replacements for ewe flocks are purchased from... |
| Tipo: Journal Article |
Palavras-chave: Livestock Production/Industries; Productivity Analysis. |
| Ano: 1960 |
URL: http://purl.umn.edu/22777 |
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| Mason, George; Bird, J.G.. |
| This article is concerned with the economics of a planned system of supplementary irrigation and pasture improvement on a typical Richmond Valley dairy farm. In developing the plan for the farm, consideration is, given to a range of assumptions concerning the farmer's resources of labour and machinery. Similarly, three different levels of production response are considered; these represent assumed variations in the managerial skills of farmers. Thus, with a typical initial farm production of 8.650 lb. butterfat, the gains assumed are: (1) an increase of 4,830 lb. butterfat under "good management"; (2) an increase of 6,040 lb. butterfat under "outstanding management"; and (3) an increase of 3,620 lb. butterfat under "average management". For each set of... |
| Tipo: Journal Article |
Palavras-chave: Farm Management; Livestock Production/Industries. |
| Ano: 1965 |
URL: http://purl.umn.edu/9005 |
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