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| Ford, Beth Pride; Musser, Wesley N.. |
| Previous studies of historical risk have used either nominal or real data to calculate risk measures for agricultural prices and income. However, the effects of using nominal and real data have not been evaluated. This study utilizes theoretical variance approximation relationships to examine variances from detrended real and nominal time series. The relationships between variances are derived for quarterly U.S. farm milk prices for 1960-72, 1973-80, and 1981-90. Contrary to common intuitive arguments, results indicate that variances of real time series can be larger than variances of nominal series. While definitive conclusions are not possible, several reasons for using nominal data in risk analysis are given. |
| Tipo: Journal Article |
Palavras-chave: Detrending; Indices; Nominal data; Risk measurement; Risk and Uncertainty. |
| Ano: 1995 |
URL: http://purl.umn.edu/15259 |
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| Santarossa, John M.. |
| This paper presents results of estimates of both the financial robustness and the technical efficiency of a representative sample of Scottish farms. Emphasis was placed on those factors that impact on long-term sustainability in order to identify those effects that may be characterised as having a high propensity to further increase the vulnerability of the sector. The aim was further one of providing focussed knowledge that might steer the policy decision making process towards potential targets of importance. Series of financial indicators were modelled to assess the financial health of each farm in the sample as well as predicting the future viability of each enterprise. Further, physical and financial data were employed to ascertain the technical... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Technical efficiency; Financial distress; Risk measurement; Diversification.; Agricultural Finance. |
| Ano: 2003 |
URL: http://purl.umn.edu/11829 |
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